EV ACE LIST 2020

With the Indian electric vehicles industry ready to ride into an electrifying period, The Machinist lists out some of the key leaders who will be at the forefront of the EV Future.

- Niranjan Mudholkar

Mahesh Babu

MD & CEO, Mahindra Electric Mobility

How has the Covid-19 outbreak affected the industry and your organisation?

During this pandemic, we have seen a decline in public-transit ridership by over 70 percent and has also adversely affect fleet and shared mobility operations. However, as things open up, we have seen a gradual increase in demand for local mobility for short distance travel. We expect the demand for electric three/two wheelers to go up. The demand for our Mahindra Treo electric auto has picked-up and is about 60 percent of pre-COVID levels. We also believe that micro mobility solutions and other technologies that support physical distancing may benefit. Customer demand for these solutions could soar once the initial crisis subsides, increasing their attractiveness to investors. As India continues to urbanize and the demand for last and first mile connectivity increases, India’s EV revolution will be led by electric three-wheelers.

What are the key challenges and how are you dealing with them?