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Mahindra could sell 2,000-3,000 more EVs monthly if supply constraints ease: Velusamy

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Mahindra could sell 2,000-3,000 more EVs monthly if supply constraints ease: Velusamy

Mahindra could sell 2,000-3,000 more EVs monthly if supply constraints ease: Velusamy

M&M is ramping up its monthly electric SUV production capacity from around 8,000 units at the end of March to 12,000 units by the end of FY27, as demand rises to 10,000-11,000 units.

Mahindra & Mahindra (M&M) could sell an additional 2,000-3,000 electric vehicles every month if production constraints ease, as demand for its electric SUVs continues to rise, a senior company official told PTI . The automaker has been retailing more than 8,000 electric vehicles a month in recent months, but demand has increased to 10,000-11,000 units, according to Velusamy R, President, Automotive Business at M&M and Managing Director of Mahindra Electric Automobile. “We were retailing over 8,000 vehicles in the last couple of months, but the demand is going up to 10,000-11,000 units,” Velusamy told PTI. “If the supply constraints are not there, we could sell another 2,000-3,000 easily.” Advt

He added that several other players in the industry are also facing supply limitations. M&M is currently India's second-largest electric car seller after Tata Motors, with a portfolio comprising four models — the XUV400, BE 6, 9e and XEV 9S. Capacity to reach 12,000 units by FY27-end The company's monthly electric SUV production capacity stood at around 8,000 units at the end of March. It is being ramped up to 12,000 units a month by the end of the current financial year. Velusamy said higher petrol and diesel prices are encouraging more customers to consider electric vehicles, given their lower running costs.


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