Mahindra and Mahindra are in the news again! The company plans to launch hybrid vehicles and electric vehicles in India, said a company official. He also stated that the company intends to develop the technology for manufacturing fuel efficient hybrid vehicles as well as electric vehicles internally.
"We have to develop technologies for hybrid and electric vehicles. In a couple of years, we will launch hybrid and electric vehicles," M&M, Head-Design, B Bhaumik. He was speaking on the sidelines of the III Styling and Design Conclave organized by SIAM in Mumbai.
"M&M is spending Rs 100-crore per annum on productive segments, which includes software development, prototyping, testing and in-house infrastructure to develop new models," he added.
Mahindra and Mahindra has recently launched its latest MUV – Mahindra Xylo. It was developed under the product name of Ingenio. The company intends to launch two more vehicles based on Ingenio platform in next two years. The new models will be launched in both passenger vehicle and commercial vehicle segment.