Mahindra & Mahindra Launches Advanced EV Manufacturing Unit Near Pune
Mahindra & Mahindra has unveiled a state-of-the-art EV manufacturing and battery assembly unit at its Chakan plant near Pune, investing Rs 4,500 crore in the project.
Mahindra MahindraEv ManufacturingBattery AssemblyPuneSustainable ManufacturingReal Estate PuneJan 08, 2025
This advanced facility, unveiled on January 8, 2025, is a testament to M&M's commitment to innovation and sustainable manufacturing.
The plant, which will be dedicated to producing Electric Origin SUVs, is strategically located within the company's 2.83 square km Chakan manufacturing hub.
This hub is known as one of India’s largest greenfield projects and is designed to be a water-positive facility, entirely reliant on renewable energy.
The new EV plant will span approximately 88,000 square metres and will feature cutting-edge technology.
It will include a fully automated press shop, an AI-driven body shop, and what M&M claims to be 'India’s most sophisticated robotic paint shops to optimize quality and efficiency'.
The plant will also deploy over 500 robots to ensure high precision and efficiency in production processes.
Mahindra & Mahindra has allocated Rs 4,500 crore for this project, which is part of a larger investment cycle of Rs 16,000 crore planned from FY 2021-22 to FY 2026-27.
This comprehensive investment will cover powertrain development, the creation of two product top hats, including software, and the expansion of tech and manufacturing capacity.
The battery assembly plant, in particular, is designed to be one of the world’s most compact manufacturing lines, employing patented processes and lean module assembly.
This setup ensures that the plant is not only efficient but also highly adaptable to future technological advancements.
In related news, Mahindra has recently introduced its new EV range, including the XEV 9e and BE 6.
In an exchange filing on January 7, M&M announced the prices of the top models of these two EVs.
The BE 6 Pack Three will be priced at Rs 26.9 lakh, while the XEV 9e Pack Three will cost Rs 30.5 lakh.
Bookings for these new EVs are set to begin on February 14.
Mahindra & Mahindra, a leading automaker in India, has been at the forefront of the country’s transition to electric mobility.
The company’s strategic investments and state-of-the-art facilities are expected to play a significant role in shaping the future of the automotive industry in India.
Frequently Asked Questions
Where is the new EV manufacturing plant located?
The new EV manufacturing plant is located at the Chakan plant, near Pune, Maharashtra.
How much has Mahindra & Mahindra allocated for this project?
Mahindra & Mahindra has allocated Rs 4,500 crore for the new EV manufacturing and battery assembly plant.
What are the key features of the new EV plant?
The key features of the new EV plant include a fully automated press shop, an AI-driven body shop, and India’s most sophisticated robotic paint shops to optimize quality and efficiency. It will also deploy over 500 robots.
What is the total investment cycle for which the allocation is part of?
The allocation for the new plant is part of a larger investment cycle of Rs 16,000 crore planned from FY 2021-22 to FY 2026-27.
What are the prices of the new EV models introduced by Mahindra?
The BE 6 Pack Three will be priced at Rs 26.9 lakh, and the XEV 9e Pack Three will cost Rs 30.5 lakh.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.