EVWorldNews

Day: December 14, 2022

  • Mahindra and Mahindra looking at an investment of 10,000 crore

    Mahindra and Mahindra which is an automaker from India has said today that it is going to invest Rs. 10,000 crore for setting up a manufacturing plant for electric vehicles in Pune as a part of its push for the EV space in the country. The investment plant has been approved under the Maharashtra Government and its industrial promotion scheme for the electric vehicles.

    Mahindra is known for the sports utility vehicles it makes along with jeeps has now said that it is going to now manufacture its Born Electric Vehicles range which includes the Electric Vehicle variant of the popular XUV 700 in its new plant.

    Through its subsidiary, Mahindra is going to make investments of close to Rs 10,000 crore in the period of 7-8 years for setting the manufacturing facility up, development and production of the BEVs of Mahindra and a few others which had been showcased in UK in the month of August in the year.

    Rajesh Jejurikar who is the executive director of the company said that they are delighted with the approval which has come from the Maharashtra Government for setting the EV manufacturing plant up in Pune and investing in what they call their home state for over 7 decades.

    Also read : Lack of awareness about Electric Vehicle battery hurting market – (evworldnews.com)

    As of now, India does not have a huge sale of electric vehicles with Electric vehicles only making about 1% of the total sales of cars of close to 3 million however government wants to help in the growth of this by 30% by the year 2030.

    Currently Pune is home to a few of the top manufacturers of the country which includes Hero MotoCorp , Bajaj Auto Ltd and the Indian Mercedes- Benz and Volkswagen unit.

    The company is currently in talks with many investors who they think will invest in the companies going forward.

  • University of Houston students to compete in an electric vehicle design competition.

    The students of University of Houston have been competing for design of the next generation of the luxury electric vehicles as the part of their coursework. The co-directors of the Industrial design program have offered the students an opportunity to enroll in the design competition while they still gain the class credits. Seniors who had designed the exterior of the vehicles had paired up with juniors who had created interiors to form as many as eight teams.

    A professor in the university said that through the programs, the students in the past have been designing other mode of transportations such as electric scooters and bicycles but they have never tried their hand at a car. The timing they think is amazing because the industry of electric vehicle is now moving to Texas. This offers them an opportunity for positioning their design program and being ready for this industry.

    The creativity of the students along with their innovation is going to be on display in an exhibition which is going to open on 2nd of December at the Mashburn Gallery in the Hines college. Winners will also be announced there.

    Read Also : Lack of awareness about Electric Vehicle battery hurting market – (evworldnews.com)

    This is a competition which has been made possible through the sponsors TexPower EV, Photon Auto and IQP. The Photon Auto which is based in Houston is going to develop a new vehicle which has a range of close to 500+ miles and has lidar systems as an equipment which sends the pulses of laser light for determining the presence of the shape as well as distance of the objects and helps in crash prevention.

    This competition is going to encourage innovation and is going to help in the growth of the market as a whole along with the innovation and should be encouraged all over the world particularly in countries like India.