Bengaluru: Mahindra The group said on Wednesday that it is partnering with geo-bp, a joint venture of Reliance Industries Limited And BP PLC, to explore manufacturing products and services to strengthen the group’s electric vehicle push.
Under the non-binding deal, the company will evaluate Jio-bp’s charging and battery swapping technology for its electric three- and four-wheelers as well as quadricycles and small commercial vehicles.
This partnership will explore business models such as mobility as a service and battery as a service to help accelerate EV adoption in the country.
Currently, EVs make up only a fraction of the country auto sales, mainly due to high battery costs and lack of charging infrastructure.
Jio-bp said in October that it has started offering services for charging and battery swapping for electric vehicles in India.
Mahindra is also looking to grow its EV business and is looking to raise funds or build it as a separate entity. The company expects the share of electric vehicles in India to be around 20 per cent by 2027.
Under the non-binding deal, the company will evaluate Jio-bp’s charging and battery swapping technology for its electric three- and four-wheelers as well as quadricycles and small commercial vehicles.
This partnership will explore business models such as mobility as a service and battery as a service to help accelerate EV adoption in the country.
Currently, EVs make up only a fraction of the country auto sales, mainly due to high battery costs and lack of charging infrastructure.
Jio-bp said in October that it has started offering services for charging and battery swapping for electric vehicles in India.
Mahindra is also looking to grow its EV business and is looking to raise funds or build it as a separate entity. The company expects the share of electric vehicles in India to be around 20 per cent by 2027.
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