Overview
- Mahindra, which detailed the plan Tuesday, now targets 10 new internal-combustion SUVs and six electric models by 2031.
- Monthly capacity is set to rise from 64,500 at the end of FY2026 to about 68,000 in the first half of FY2027 and roughly 82,000 by the close of FY2027 through plant debottlenecking.
- Executive director Rajesh Jejurikar said the FY2027 exit run rate includes 10,000 more ICE units and 4,000 more EV units built in advance for upcoming models to shorten waits.
- A greenfield factory near Nagpur is slated to start production in 2028 with a planned Rs 15,000 crore investment and capacity for over 500,000 passenger vehicles and 100,000 tractors a year.
- Launches will use two architectures, with NU_IQ for many new ICE SUVs and the INGLO EV platform expected to deliver the BE.07 production model in 2027.