It was just yesterday that we got a glimpse of Mahindra's latest entry into the subcompact SUV segment – the XUV300. While the company will make the XUV300 available with both petrol and diesel engine options, Dr. Pawan Goenka, Managing Director, Mahindra and Mahindra, said that the company is also planning to launch an electric variant of the car in 2020. Yes, the XUV300 will join the company's growing fleet of electric cars in the country. The KUV100 electric will be launched in 2019 and come March 2020, the company plans to launch the electric variant of the XUV300.
Also Read: Mahindra XUV300: 5 Things You Need To Know
There are no details available as far as the battery capacity of the XUV300 and it's fairly early days to get that information. Mahindra had already announced that as part of its expansion plans, the company will invest over ₹ 500 crores in its Electric Vehicle Project under the new EV Policy of the Government of Maharashtra. The investment for EV and EV Components is in addition to its ongoing expansion plan in Chakan which includes an initial investment of ₹ 6,500 crores. This additional investment of ₹ 500 crores will be utilized towards product development and capacity enhancement for electric vehicles and related components.
Mahindra Electric has changed its focus from producing electric vehicles to making electric powertrains. Mahindra now will be manufacturing electric vehicles so that Mahindra Electric can develop and supply the EV technology and powertrains. The company plans to come up with powertrains ranging from low voltage like 48 kW and 72 kW which we already have to high voltage like 380 volts and 650 volts and power ranging from 90 kW (120 bhp) to 150 kW (210 bhp)