mm sells a single electric model xuv400 in the passenger vehicle segment which is rolled out from its nashik plant in maharashtranew delhi mahindra mahindra expects electric vehicle production at its upcoming plant in chakan in maharashtra to hit peak production mark of 2 lakh units per annum between 2027 and 2029 according to company president automotive sector veejay nakra the company estimates that evs would account for 30 of the overall volumes by 2030 in january this year the auto major received an approval from the maharashtra government to set up a inr 10000crore electric vehicle plant in chakan near pune advt the company through its subsidiary will make this investment over a period of 78 years for setting up the manufacturing facility development and production of its upcoming born electric be models we are looking at doing a number of 2 lakh units at chakan plant between 2027 and 2029 nakra said here the first product under the be range is expected to hit the markets by end of next year and the production at chakan plant is expected to begin 45 months prior to that he added mm sells a single electric model xuv400 in the passenger vehicle segment which is rolled out from its nashik plant in maharashtra it however is the leading player in the domestic electric threewheeler space with over 70 market share based on the inglo ev platform the automaker plans to introduce five electric suv models under two brands xuv and the allnew electriconly brand called be legacy brands will come under xuv brand while the all new electric model would be rolled out under the be lineage mahindra had showcased some of the battery electric vehicle concepts last august in oxfordshire uk when asked about the percentage of sales the company expects from evs as compared to the internal combustion engine portfolio nakra saidabout 30 of our portfolio would be from electric vehicles between 2027 and 2030 advt replying to a query regarding separate showrooms for be products in india nakra said it is a work in progress he further said we are at the moment defining the customer journey and the experience we want to give the customer and then from there we will draw back whats going to be our point of contact or channels earlier this month singapores sovereign investment firm temasek announced an investment of in 1200 crore in mms fourwheeler passenger electric vehicles arm mahindra electric automobile ltd meal in july last year mm had announced an investment of up to inr 1925 crore by british international investment bii in meal mm is also looking to scale up its electric vehicle play in the international markets the auto major said it plans to sell its be products in advanced markets like europe and the uk with evs new pickup truck and its existing suv lineup mm is looking at significant jump in sales in the overseas markets the company