Mahindra Electric, part of the diversified $19-billion Mahindra Group, plans to make an additional investment of Rs 400 crore over the next five years in Karnataka. The company, which is a pioneer in the development and production of electric vehicles in India, on Saturday partnered with Baghirathi Group, a shared mobility service provider based in Bengaluru, to initially operate 50 electric vehicles comprising Mahindra’s e-Verito.
Mahindra’s e-Verito vehicles were flagged off from the Vidhana Soudha in Bengaluru. This marks the beginning of the eMobility Awareness Campaign spearheaded by the Karnataka government. The flag-off took place in the presence of Chief Minister Siddaramaiah and R.V. Deshpande, Minister for Medium & Heavy Industries.
"The investment of Rs 400 crore will be utilised towards expansion of capacity, setting up of new EV technology innovation centres and expansion of the skilled team working in the EV space," said Mahesh Babu, CEO, Mahindra Electric.
He further said, “We are happy to lead the EV movement in Karnataka and be active participants in the eMobility awareness campaign initiated by the Karnataka government. Karnataka is our home ground and we already have three fully functioning facilities in Bengaluru. The role played by Bhagirathi in urban mass mobility has given an impetus to electric vehicles as well with the recent order of 1,000 eVeritos being one of the biggest in Indian corporate mobility. I am sure that together, Mahindra and Bhaghirathi can reshape the dynamics of mass mobility, to make it clean and green in keeping with our state government’s objective”.