jio-bp: Mahindra Group joins Jio-bp JV to boost EV business


Bengaluru: Mahindra The group said Wednesday it was partnering with Jio-bp, A joint venture Reliance Industries Ltd. And BP Plc, To explore the design of products and services to strengthen the group’s electric vehicle push.
Under the non-binding deal, the company will evaluate Jio-bp’s charging and battery swapping technology for its electric three- and four-wheelers, as well as quadricycles and small commercial vehicles.
The partnership will also explore business models such as Mobility as a Service and Battery as a Service to help increase speed. E.V. Adopted in the country.
Currently, only a fraction of the country’s EVs Auto Sales, mainly due to high battery costs and lack of charging infrastructure.
Jio-bp said in October that it has started offering services for charging and battery swapping for electric vehicles in India.
Mahindra is also looking at boosting its EV business and raising funds or building it as a separate unit. The company expects electric vehicles to account for about 20 per cent of its volume in India by 2027.

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