Mahindra & Mahindra believes its partnership with Volkswagen will be the centrepiece of its localisation strategy for battery cells as demand for batteries that power EVs could rise as high as 60 GWh
Indian automakers are struggling to bridge the gap between supply and demand as inflated raw materials jolts them with the semiconductor shortage.
95 companies have been chosen for the scheme – 75 for the components part, while the ministry had already approved 20 manufacturers for the vehicles part.
