Mumbai, April 25 -- The company also unveiled its dedicated EV component manufacturing facility in Chakan, Pune.

The facility, built with a capital investment of Rs. 500 crores and spread across 5 acres within an industrial park, represents Hindalco's foray into EV component manufacturing and is designed to cater to the growing demand for lightweight, crash-resistant battery solutions.

It currently has the capacity to produce 80,000 enclosures annually, with plans to scale up to 160,000 units. As of today, over 3,000 Mahindra EVs using these aluminium battery packs are already on Indian roads.

Satish Pai, managing director, Hindalco Industries, said: "Our Chakan facility represents a strategic shift in India's EV ecosystem from import ...