Energy
Trending

Mahindra Signs MoU with ATEL to Accelerate EVs in India

Motor vehicle manufacturing Mahindra and Mahindra signed a memorandum of understanding (MoU) with Adani Total Energies E-Mobility (ATEL) on Thursday, to broaden energy vehicle (EV) charging facilities in India.

The agreement will include the rollout of e-mobility solutions to enable users with seamless access to the charging network including discovery, availability, navigation, and transactions, added the firm.

Mahindra also said this collaboration is in line with India’s ambitious climate action targets and XUV400 customers will now have access to over 1100 chargers on its remote connectivity platform Bluesense+ App.

“This alliance is a cornerstone in enhancing the EV charging infrastructure, ensuring our customers enjoy seamless access to charging network and digital integration for an unparalleled EV experience,” said Veejay Nakra, President of Automotive Division in Mahindra.

In March, JSW Group partnered with Morris Garages Motor India, outlining its plans for the Indian automobile sector, including the development of new energy vehicles.

McKinsey projected global demand for EVs would rise sixfold between 2021 and 2030, with annual unit sales rising from 6.5 million to over 40 million.

According to the International Energy Agency (IEA), a 30% adoption rate will have a global impact, both environmentally and economically.

Founded in 1945, Mahindra and Mahindra is headquartered in Mumbai, Maharashtra. The company operates in manufacturing, automotive, agricultural, farm equipment, marketing, sales, finance, design, automation, and analytics.

To read more on Energy, head to the link.

Tags
Show More

Ritambhara Jha

Ritambhara Jha is a Trainee Correspondent at Business Tabloid, covering news of various business sectors in the Indian market. She also reports industry updates and market performance of Indian start-up companies. She has a strong interest in reading books on journalism, psychology and philosophies.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button