Electric Mobility is India’s Future: M&M’s Rajesh Jejurikar Champions EVs as the Right Path Forward

Mahindra & Mahindra (M&M) has expressed strong support for electric mobility, calling it the right step for the future of the country. The Mumbai-based auto company believes that focusing on electric vehicles (EVs) is in the best interest of India.

Rajesh Jejurikar, M&M’s Executive Director and CEO for the auto and farm division, said, “The right path for India is to focus on EVs, and we believe the government should support this direction.”

He was responding to a question about the company’s view on the Uttar Pradesh government’s decision to offer registration waivers for hybrid vehicles.

The Uttar Pradesh government has introduced a full waiver of road tax for hybrid car purchases in the state. However, some automakers focusing on electric vehicles are worried that other states might follow this example, which could shift focus away from EVs.

Jejurikar emphasized that the EV roadmap is strong if the right products are available. He added that supporting EVs is in the nation’s best interest and aligns with India’s national priorities, and Mahindra & Mahindra is fully committed to this focus.

Hybrid vehicles use both an internal combustion engine and electric motors powered by batteries. For a long time, companies producing hybrid vehicles have been asking for equal tax treatment as electric vehicles.

Currently, hybrid vehicles in India face a 43% tax, including GST, while fully electric vehicles are taxed at about 5%.