Mahindra Electric Mobility Limited: The Electric Vehicles Dilemma
In order to shift 30 per cent of the country's transport fleet to electric by 2030, the Indian government had launched multiple programs to promote usage of hybrid and electric vehicles (EV) in the country and had agreed to provide various fiscal and non-fiscal incentives to EV firms up until 2020. Many leading automobile manufacturers in India were investing millions of dollars in designing and manufacturing EVs, building the infrastructure required for running EVs, and creating the components required for the battery system used in EVs. Despite these multiple public and private initiatives, by September 2018 it had became apparent that many macro and micro issues were present in the overall environment that was being built for the smooth running of EVs. Would Mahindra Electric Mobility Limited and other automobile firms be able to effectively formulate strategies and compete successfully in this dynamic and changing business environment? Nitin Gupta is affiliated with Institute of Management Technology, Hyderabad.