Passenger Vehicle

  • m m not to ignore ices for evs will look at hybrid tech closely

    M&M not to ignore ICEs for EVs; will look at hybrid tech closely

    Auto major Mahindra & Mahindra says ICEs will continues to be an important part of its portfolio. For the next 3 years, the company has deployed INR 27,000 crore, including INR 14,000 crore for ICEs and INR 12,000 crore for EVs. The development comes even as the automaker has been working on its born-electric Inglo platform and is targeting a market launch for its BEV portfolio during January- March 2025 period. Interestingly, Mahindra also said that while at this point in time, it feel good about the focus on EVs but the automaker is ready for hybrids too. "We are looking at hybrid technology closely."

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