Anish Shah, the Managing Director and CEO of Mahindra & Mahindra, has outlined an ambitious goal to reduce electric vehicle (EV) charging times to just 25 minutes. This initiative is part of the company’s broader strategy to increase EV adoption by making them more convenient and attractive to consumers. Shah highlighted the current average charging time of 45 minutes and expressed the company’s commitment to further reducing it to enhance the overall EV experience.
During an interview at the annual World Economic Forum (WEF) meet in Davos, Shah pinpointed the primary challenge for EVs—charging infrastructure. He stressed the importance of addressing this roadblock for the growth of EVs in India, emphasizing the need for a 20% electric car penetration to drive the development of charging infrastructure. With India currently standing at a mere 1.5% penetration, Shah believes that achieving this target will lead to a decrease in charging times, making electric vehicles more accessible to the masses.
Anish Shah expressed optimism about the future of Mahindra & Mahindra’s EV business, citing successful ventures in renewables and the three-wheeler electric sector. He noted strong investor interest in the company’s three-wheeler business and highlighted the positive outlook for its renewables segment. Additionally, Shah announced the upcoming launch of a range of born-electric platforms, promising high-tech features and competitive pricing. He personally vouched for the fantastic features of these platforms, stating they would surpass existing models in technology and innovation.
Anish Shah’s vision for Mahindra & Mahindra revolves around overcoming the challenges of EV charging infrastructure, driving increased electric car penetration in India, and introducing innovative born-electric platforms to propel the company’s success in the evolving electric mobility landscape.
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