the companys xuv700 scorpion thar models is expected to reduce substantially by the next six monthsthe auto major has no plans to launch any new product this year and will bring the 5door thar in the cy 2024 the new thar will compete with maruti suzukis 5door jimny which was unveiled early this year and will launch next month mahindra thar 3door was launched in india in october 2020jejurikar said the company is looking at scaling its farm machinery business to 10x and grow its exports to 16x by fy26owing to good reservoir levels good rabi crop decent mandi prices normal monsoon forecast and government spending on agriculture the auto major is positive about tractor sentiments our estimate for tractor demand for fy24 is low single digitsgrowth in the international markets will happen in three phases phasei is to cut down the waiting periods and leverage the growth opportunity in the existing market phaseii will focus on introducing ev products in the western region starting with the uk which is a righthand drive market phaseiii which is planned to come in action by 2030 will see the introduction of evs in lefthand drive mainstream markets like western europeas the company prepares to unveil its new mahindra oja platform in august this year it looks to expand in asean market as well mahindra also said that it is expanding the zahirabad facility and setting up a new battery assembly line over there currently it gets batteries from a korean supplier it has no immediate plans of making cells for its ev batteries on its own and is ontrack to evaluate production via volkswagen tieupin august last year volkswagen and mahindra signed a term sheet to supply the formers meb architecture components to the indian carmaker for use in its inglo platformbased evs the term sheet was signed at an event where mahindra unveiled its new electric platform and xuve and be series of evsread alsomahindra positive about lcv growth in fy24 plans to expand production capacitymm former chairman keshub mahindra passes away at 99maruti suzuki reveals araicertified mileage of jimnymahindra offloads entire stake in mahindra cie automotive for inr 543 crore by shubhangi bhatia etauto published on may 27 2023 at 0753 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app mahindra capex plans mahindra electric automobile limited mahindra thar 5door launch mahindra revenue mahindra export plan mahindra oja platform launch mahindra investment homenewsindustrymahindra raises capex outlay to inr 15900 cr till fy24