Mahindra & Mahindra expects to produce 2 Lakh EVs from upcoming Chakan plant by 2029

Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit peak production mark of 2 lakh units per annum between 2027 and 2029. The company estimates that the EVs would account for 30% of the overall volumes by 2030.