M&M eyes 5K/mnth e-vehicle output on shared mobility growth

Banking on the shared mobility space after launch of India's maiden electric vehicle project in Nagpur, automobile giant Mahindra & Mahindra is eyeing a capacity of 5,000 e-vehicles a month by 2019 which will be expanded further.

On May 26, Nagpur earned the distinction of becoming the country's first city with a fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos.

"So far Mahindra & Mahindra has been looking more at personal segment but the usage there will not be as much as it will be in shared mobility. Shared mobility space has become very viable...suddenly, there will be a huge demand pull that will happen for the electric vehicles," Mahindra & Mahindra Managing Director Pawan Goenka told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)