While taking a lead in electric vehicles had come at the expense of profitability, Ghosn expects to turn this around by rolling out eight new battery-powered models and 12 hybrids.
The new range will be powered by a selection of electrified powertrains, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (P-HEVs) and battery electric vehicles (BEVs).
M&M has also earmarked an investment of Rs 600 crore over the next two-three years to expand its electric vehicle production capacity from 500 to 5,000 units a month.
As per the tender conditions, Mahindra and Mahindra can supply up to 40 per cent of the order. But they have agreed to supply 30 per cent of the order of 500 electric cars in Phase-I. Thus they would supply 150 cars and Tata Motors would supply 350 cars.
Fortum has installed one 22KW AC charger on pilot basis in New Moti Bagh Colony maintained by NBCC, which shall be operated using Fortum's cloud based system.
Designed and engineered by JLR in UK, the new Range Rover Sport will be produced at the company's Solihull production facility, with deliveries from early 2018.
Ford would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars. Most of those savings will not show up on Ford's bottom line until 2019 and 2020.
Ford's new 'Team Edison' will be in charge of developing electric mobility platforms and technology for future electric cars. Team Edison will also partner up with OEMs and tech partners from around the world for future tech.
