According to the company, under EV 2.0 it will make investments to develop new, high-end electric powertrains, motor controllers, systems integration and battery technology.
"The time has now arrived for EVs to become mainstream and Mahindra has the right technology and products for India," Pawan Goenka, Managing Director, Mahindra and Mahindra and Chairman, Mahindra Electric was quoted as saying in a statement.
"We will actively engage with the government, both at the centre and the state, municipal bodies and other private players for setting up a robust EV ecosystem."
The company which is a part of $17.8 billion Mahindra Group, had acquired the Bengaluru based Reva Electric Car Company in 2010.
"Today, there are over 2,700 electric vehicles on road from the Mahindra stable, which have clocked more than 40 million km," the statement added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.