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Saturday, June 8, 2024

India all set to launch electric SUV at INR 15 lacs

Mahindra, the largest automaker in the world, will release their electric XUV300 on September 6. The new SUV has been given the codename XUV400

On September 6, the world’s largest automaker Mahindra will introduce the XUV300 electrified. According to Hindustan Times sister website Live Hindustan, the new electric sports utility vehicle (SUV) has been given the designation XUV400 and is being considered as a direct rival to Tata Nexon EV.

The research states that the XUV400 can go 350–400 kilometers after charging. In contrast, the Nexon EV and Nexon EV Max both have ranges of 312 and 437 kilometers, respectively. This SUV made its debut at the 2020 Auto Expo.

Specifications

A number of linked technologies will be included with the Mahindra XUV400 electric vehicle. According to the Live Hindustan article, it will also have a closed-off front grill and a newly-designed tail lamp in addition to Advance Driver Assistance System (ADAS), Daytime Running Lamp (DRL), and new headlight.

Price

The Mahindra XUV400 is anticipated to cost 15 lakh rupees.

EV goals of Mahindra

The major automaker wants to take the lead in the market for electric passenger cars. Volkswagen and Mahindra & Mahindra signed a term sheet last week, according to Reuters, under which the German automaker will provide electric components to the Indian rival.

Read more: Suzuki invests $1.4 billion for EVs in India, why not Pakistan?

According to the firms, the deal comprises parts that will be provided to Mahindra’s new electric platform INGLO from Volkswagen’s open platform for electric cars (EVs), known as MEB.

Without mentioning the EVs’ range, Mahindra claimed that the INGLO platform, which will power all of its EVs, offers options with battery capacities of 60 to 80 kilowatt hours (kWh) and fast-charging of up to 80% in under 30 minutes.

Anand Mahindra, the chairman of the Mahindra Group, has previously stated that the market for electric passenger vehicles is ready for entry. “We believe that the time is ripe and right for us to enter the four-wheeler markets with our range of battery electric vehicles today with government support, rapid lowering of the cost of ownership, and increased consumer awareness of environmental awareness issues,” he was quoted as saying by PTI.

The Indian auto giant revealed that it would introduce five new electric Sports Utility Vehicles (SUVs) for both domestic and foreign markets, with the first four models scheduled to go on sale between 2024 and 2026.

The first of the five e-SUVs would be unveiled by the corporation near the end of 2024, beginning with the Indian market.