Currently, our set up in Bengaluru has a capacity of ~400 units per month and with the expansion activity already in swing, this will go to ~ 800 - 1000 per month. We are also preparing to expand our capacity to ~5000 a month, and this will be achieved in a few years. Our intention is to be prepared to scale up to the increase in demand which will come as a result of government's bold support for EVs.

Does Mahindra Electric have an independent R&D facility or is it integrated with the Group's overall efforts?
Developing inhouse R&D capability for electric vehicles was one of the main objectives of the acquisition of the current EV business by Mahindra & Mahindra in 2010. As part of this objective continuous investments have been made in developing a state of the art R&D center which has manifested itself in the form of our Electric Vehicle Innovation Center in Bangalore. This center is solely for Electric Vehicle technologies and is one of its kind in India with dedicated test labs for EV powertrain components. We now also have inhouse capabilities for technologies like drivetrain systems, battery packaging, BMS, control systems like VCU & MCUs. In these facilities we are currently developing globally competitive powertrains which will go in the next line of Electric Vehicles from the Mahindra stable.

How are you leveraging on the Group's experience in the Formula E space?
Mahindra Electric and Mahindra Racing teams work closely with each other as the opportunities of cross learning and implementation are definitely plenty. The teams work towards improving the technology for the Race and bringing the right technologies from there to the Road. But apart from the technology, the biggest contribution that Mahindra's formula-e team is making is in the space of consumer education. Its exceptional performance in the recent races has proven that EVs are high performance vehicles and we have the know-how to bring that performance to the roads.
We are all very proud of our team's performance and hope that the winning streak continues in our favour.

Mahindra Electric's foray into the UK market did not go as planned. What are the learnings from that experience?
Given the focus that the Government of India has on electric vehicles, we are currently focusing more on India as a market.

END