Mahindra Electric Mobility Limited

Company limited by shares (1) 638+ employees

Mahindra Electric Mobility Limited Description

Mahindra Reva Electric Vehicles Pvt Ltd was established in the year 1996 and has its headquarters in Bengaluru. The company is a pioneer of electric vehicle (EV) technologies and one of the world's most experienced EV manufacturers. They design, manufacture, and develop automotive products. The Company also offers electric vehicles and energy management products. Mahindra Reva Electric Vehicles markets its products worldwide. The company was a joint venture between the Maini Group of Bangalore and AEV LLC of USA. Since then, the company has remained focused on creating affordable electric cars through advanced technology. It launched its first model in India in 2001 and in London in 2004. Mahindra Reva exemplifies the Mahindra Group's vision of the Future of Mobility. The Future of Mobility envisions an automotive ecosystem that brings Clean, Convenient, Connected, Clever and Cost-effective the 5 C's) mobility solutions to customers across the world. Presently, Mahindra Reva has one of the world's largest deployed fleets of electric cars – customers in 24 countries have driven their Reva and Mahindra e2o fuel-free for more than 200 million kilometers. In May 2010, the USD 16.9 billion, Mahindra Group acquired a majority stake in the company, which was then renamed to Mahindra Reva Electric Vehicles Pvt Ltd. Mahindra Reva is headquartered in Bengaluru, India. The company manufactures cars, licenses out its electric vehicle technologies, electrifies existing platforms, and helps to deliver integrated zero-emissions mobility solutions. The company's new factory in Bengaluru is the first automobile plant to receive a platinum rating from the Indian Green Building Council. Mobile plant to receive a platinum rating from the Indian Green Building Council. They have been ranked 22nd in the prestigious 'Fast Company' magazine listing of the Top 50 Most Innovative Global Companies of 2013, in addition to numerous awards and recognition. The company also won the 'Innovation' award from respected Italian magazine- Focus, during March 2013. It is one of the only three global companies to have received this award for the development of the 'Mahindra e2o' and its environment friendly plant at Bengaluru

Mahindra Electric Mobility Limited Overview

INDIA HO
BANGALORE
COMPANY SIZE
638+ employees
CIN
U34101MH1996PLC325507
TYPE
Public
CATEGORY
Company limited by shares
SUB-CATEGORY
Indian Non-Government Company
WEBSITE
http://mahindrareva.com
EMAIL
PARIKH.JIGNESH@mahindra.com
FOUNDED
02 Apr,1996
PAID-UP CAPITAL
3,584,163,450
AUTHORISED CAPITAL
10,000,000,000
18 Related Suppliers
N/A No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 1

Mahindra Electric Mobility Limited in News

11 Jul 2021

Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance

Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.

01 Jul 2021

Exclusive: Senior executives from Tata Motors, Renault design teams quit; join M&M

Competition in the auto industry has never been more intense, as manufacturers dabble in new technologies, such as autonomous driving and electrified powertrains. And as India becomes a crucial automotive market, with sales of passenger cars crossing the two million mark, onboarding top designers for auto majors is becoming crucial, experts say. Mahindra & Mahindra, it seems, has embarked on this mission of revamping and redesigning its design team with new leadership and fresh recruitments.

29 Jun 2021

Pininfarina to design Gaussin’s new range of trucks

The trucks have been developed around two major components: a modular 'skateboard' and a brand-new cab. The intelligent modular skateboard powered by hydrogen or battery systems was presented last April, Gaussin said in a release.

21 Jun 2021

Mahindra rolls out discounts of up to INR 3 lakh on SUVs

The company has listed these benefits ranging from INR 16,500 (for Bolero) to INR3.01 lakh (for Alturas) on its official website. The offers include cash offer, exchange bonus, corporate discount, and additional offers. They are valid up to June 30, 2021, and vary from dealership to dealership.

18 Jun 2021

EV Insurance premium likely to rise in future

With your electric car insurance policy, just like with all regular car insurance policies, you get third-party insurance, which is mandated by law in India. However, still, EV insurance is on the nascent stage in India.

12 May 2021

M&M's sales volume may be lower by 20% in June quarter

"The rampant spread of the second wave of COVID-19 and lockdowns enforced in various states/parts of the country coupled with disruption in the supply of oxygen for industrial use, demand and supply for vehicles and tractors is expected to be impacted temporarily," M&M said.

03 May 2021

Cox Automotive signs service deal with U.S. commercial EV maker

Under the deal, Cox's Pivet unit will provide warranty repairs, vehicle maintenance, roadside assistance, collision repairs and EV battery servicing to ELMS' customers, the companies said. Cox boasts a network of more than 6,000 service centers, 3,000 partners and over 800 mobile technicians. Financial terms were not disclosed.

30 Apr 2021

Companies shut plants, cut output to cope with fall in demand

Companies that have announced closures include Toyota, Maruti Suzuki, Hero Moto and Honda Motorcycles and Scooter India (HMSI), while those that have reduced output are understood to include Havells, Nippon Paints, Panasonic, Mercedes-Benz, Mahindra & Mahindra (M&M), LG (Pune factory) and Tata Motors.

15 Apr 2021

SsangYong Motor in receivership as owner Mahindra fails to find buyer

South Korea's SsangYong Motor has been put under court receivership, the Seoul Bankruptcy Court said on Thursday, in an attempt to rehabilitate the car maker after majority owner Mahindra and Mahindra failed to secure a buyer. SsangYong applied to the court in December for receivership after it defaulted on a loan repayment.

Directors of Mahindra Electric Mobility Limited

Name DIN Email Designation Date of joining
Amit Kumar Sinha Unlock to View Unlock to View Additional Director 09 Apr,2021
Rajesh Ganesh Jejurikar Unlock to View Unlock to View Additional Director 21 Jan,2021
Mahesh Babu Subramanian Unlock to View Unlock to View Managing Director 07 May,2020
Vijay Ramswaroop Nakra Unlock to View Unlock to View Director 06 May,2020
Ruzbeh Baman Irani Unlock to View Unlock to View Director 22 Jan,2018
Ravindra Dhariwal Unlock to View Unlock to View Director 19 Apr,2017
Sonali Gajanan Kulkarni Unlock to View Unlock to View Director 31 Mar,2015

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