Mahindra & Mahindra is steadily increasing its presence in India’s electric SUV segment. In the fourth quarter of FY26, electric vehicles accounted for 9.6 percent of the company’s total SUV sales. The share climbed further in the final months of the financial year, crossing 11 percent, driven by improved deliveries of the flagship electric models — the BE 6 and XEV 9e.This uptick signals that Mahindra’s dedicated electric vehicle strategy is beginning to deliver results on the ground. After a relatively cautious entry into the EV space, the company is now seeing stronger customer acceptance for its Born Electric (BE) and XUV.E range, particularly as infrastructure improves and buyer awareness grows.
Mahindra has set up a dedicated EV manufacturing facility at Chakan in Pune. Current monthly output from this plant stands at just over 6,000 units. The company plans to scale this up to 8,000 units per month by the end of FY27 as processes mature and supply chain efficiencies improve.The production ramp-up is already underway, with incremental gains expected through the coming quarters. This dedicated line allows Mahindra to focus on quality and cost optimization specific to electric platforms, separate from its traditional ICE vehicle manufacturing
While the production increase is positive, a notable gap exists between current and planned capacity and potential demand. Industry observers and Mahindra’s own internal targets suggest the company may need to consistently deliver around 10,000 EV units per month to maintain strong momentum and market share in the growing electric SUV segment.To bridge the difference between the targeted 8,000 units of production capacity and the 10,000-unit monthly sales ambition, Mahindra will likely need one or more of the following:
- Introduction of an additional EV model to broaden the portfolio and attract new customer segments.
- Further expansion of manufacturing capacity beyond the initial 8,000-unit target.
- Continued improvement in supply chain and battery module availability.
Mahindra’s EV push comes at a time when the Indian electric vehicle market is maturing. With multiple automakers expanding their line-ups and the government continuing policy support through schemes like FAME and state-level incentives, the competitive landscape is intensifying.
The BE 6 and XEV 9e have received positive feedback for design, performance, and features, helping Mahindra move beyond its earlier EV experiments. Sustaining double-digit EV penetration within its SUV sales will be crucial for the company’s long-term decarbonization goals and to counter competition from Tata Motors, MG Motor, Hyundai, and emerging Chinese players.Looking Ahead
As Mahindra ramps up output at Chakan and potentially adds new models, the coming financial year (FY27) will be a critical test of execution. The company’s ability to close the production-sales gap efficiently while maintaining quality and competitive pricing will determine how strongly it can challenge for leadership in India’s premium electric SUV space.
With production scaling already in motion and monthly EV sales share showing healthy growth, Mahindra is positioned for a more assertive EV journey — provided it can successfully navigate the capacity challenge in the months ahead.
