7/13/22, 1:03 PM Mahindra XUV 400: M&M to launch its first electric SUV, XUV 400, in India - The

ectric SUV, XUV 400, in India - The Economic Times

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Business News › Industry › Auto › Auto News › M&M to launch its first electric SUV, XUV 400, in India

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M&M to launch its first electric SUV, XUV 400, in

India
ET Online Last Updated: Jul 08, 2022, 12:46 PM IST
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Synopsis
Mahindra & Mahindra is set to launch its first SUV XUV 400 in India soon this year. The
company will reveal its electric based XUV 400 in September 2022.

A late bloomer into the sector, auto

major Mahindra on Friday detailed its
plans to go electric with eXUV400,
which is expected to be launched in Guaranteed discounts for all
voters*!
September 2022.
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Based on the XUV300, currently on sale

in India, the XUV400 is derived from Popular in Auto
SsangYong Tivoli. Once launched, the
1. Maruti's twin-pronged
SUV with an expected range of 300 kms will take on the likes of Tata Nexon strategy to protect, enhance
market share
EV, which is at the moment the best selling electric car in India.

The car maker has a plan to invest over $1 billion to fuel its electric vehicle 2. Supply chain constraints to
continue affecting auto
ambition. Mahindra raised, Rs 1,925 crore at a valuation of up to Rs. 70,070 sector this year, says
Mercedes-Benz India MD &
crores from British International Investment into a new 4 Wheel Passenger CEO
Electric Vehicle firm to be set up by Mahindra & Mahindra Ltd NSE -1.49 % .

3. Tata Motors hikes passenger

vehicle prices by 0.55%

4. Mercedes- Benz India

registers strong double digit
growth in Q2

5. NCLT orders liquidator of

steel cos to admit TVS
Motor's claim

https://economictimes.indiatimes.com/industry/auto/auto-news/mm-to-launch-its-first-electric-suv-xuv-400-in-india/articleshow/92743024.cms 1/5
7/13/22, 1:03 PM Mahindra XUV 400: M&M to launch its first electric SUV, XUV 400, in India - The Economic Times

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British International Investment (BII), the UK's Development Finance

Institution and impact investor and Mahindra & Mahindra (M&M) executed a
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binding agreement to invest up to Rs. 1,925 crores each into a wholly owned
subsidiary of M&M that will be newly incorporated.

1. Narayana Murthy shares 9

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BII will invest up to Rs 1,925 crores in the form of compulsory convertible
instruments at a valuation of up to Rs. 70,070 crores, resulting in 2.75% to 2. Bollywood actor Ranveer
Singh buys Rs 119-crore
4.76% ownership for BII in the EV Co. luxury quadruplex in

Mumbai’s Bandra

Moreover, it is expected that the first round of BII's capital investment will be
completed not later than June 2023 on fulfilment of conditions precedent and 3. More trouble for IndiGo?
After pilots and cabin crew,
now technicians go on mass
the balance post completion of certain milestones in FY24.

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Ssangyong Tivoli Development Finance Institution Mahindra & Mahindra Ltd. M&M Ev Co.

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7/13/22, 1:03 PM Mahindra XUV 400: M&M to launch its first electric SUV, XUV 400, in India - The Economic Times

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