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“More The Merrier”: Anand Mahindra Welcomes Newcomers To Indian EV Space

EV Ultimo Team

26-11-2021

“More The Merrier”: Anand Mahindra Welcomes Newcomers To Indian EV Space

With multiple companies and start-ups venturing into the EV space with electric scooters and commercial vehicles, industry titan Anand Mahindra said that he has already lost count of them but influences with a clear note, “the more the merrier, and the greener our planet."


The company has planned to launch 16 new EVs by 2027, half in the sport-utility vehicles segment and the rest in light commercial vehicles. Mahindra is also looking to expand its farm machinery business 10-fold with annual revenue of Rs 5,000 crore by 2027.


On another occasion at the launch of the all-new Pulsar 250 last month, Rajiv Bajaj, MD at Bajaj Auto weighed in on the growth of the EV sector and also fired a witty jibe at newcomers in the electric mobility segment. 


Bajaj went on to say that he would bet on BET (Bajaj, Enfield and TVS), “Champions eat OATS for breakfast". Here, OATS is referred to as Ola Electric, Ather Energy, Tork Motors, and SmartE – the emerging new-gen of EV startups. 


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