Mahindra and Mahindra, who are lagging behind in the competition of the passenger car market, is now only indicating that its emphasis is on future technology. By the way, Mahindra and Mahindra are slowly strengthening the range of their electric cars, everyone is speculating that the company is moving ahead with its plans considering the attitude towards the government's future. The company has announced that it is going to set up a battery assembly unit near its Chakan plant in Pune.
The aim of the company is to build 5000 battery packs from this assembly unit by the middle of 2019. This announcement has been done by Mahindra within just seven days of the declaration of GST rates. Significantly, electric vehicles have been kept in GST 12 percent slab, while hybrid vehicles are being used in addition to 28 per cent plus cess of 15 percent, due to which many companies have suffered a huge investment on hybrid.
Giving information about this, Mahindra & Mahindra MD and Mahindra Electric Chairman Pawan Goenka said, "It is time that the electric vehicles should be given a place in the Main Stream and Mahindra has the right product and technology for this technology. We are working in this direction in collaboration with the Center and the State Governments, in addition to creating the right infrastructure, all the basic things are included. The country will adapt to electric vehicles. "