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Mahindra Group

Canadian Pension Firm & Mahindra Group Collaborate Strategically in RE

The Mahindra Group and the Canadian-based pension firm, Ontario Teachers’ Pension Plan Board have announced a strategic alliance to take advantage of the expanding renewables market in India. Both parties have entered into legally binding agreements under which Ontario Teachers’ will purchase a 30% equity stake in Mahindra’s solar development arm, Mahindra Susten Pvt Ltd […]

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Mahindra Group to Invest Fresh Rs 3000 cr in EV Business

Leading Indian automaker Mahindra & Mahindra Ltd (M&M) has said that the company will invest Rs 3000 crore in the coming three years in the electric vehicle segment where it will combine its capabilities of all the current operations across the world. Managing Director and CEO Anish Shah said that the company has massive investment plans for […]

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Mahindra Group Renewable Arm Looking to Sell Solar Assets Worth 160 MW

Mahindra Susten, the renewable energy arm of the Mahindra group, has initiated the formal process to sell a portion of its solar assets worth a combined 160 MW. The company’s renewable offerings include diversified services within the renewable energy and cleantech space, such as turnkey solar engineering, procurement, and construction (EPC) services, both utility-scale solar […]

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Mahindra Group Organizes Meet on India’s Ambition on Climate Change

The event had a panel discussion with Dr Ajay Mathur, Director General, The Energy Research Institute (TERI), Dr Arunabha Ghosh, Chief Executive Officer, Council on Energy, Environment & Water (CEEW) and moderated by Anirban Ghosh, Chief Sustainability Officer, Mahindra Group. Stepping up ambition on the climate related actions being taken by India, Mahindra group organized […]

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Hanwha Q Cells to ship 141MW of Solar Modules to Mahindra Group

Hanwha Q Cells has announced that it has signed an agreement with Mahindra Susten Pvt. Ltd. to supply 141 megawatt solar photovoltaic module. Hanwha Q Cells will ship HSL72 modules, which are produced in company’s production facility in China to the newly established renewable energy arm of the India’s sixth largest conglomerate Mahindra Group. The […]

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Mahindra TEQO Appoints Ankit Jain As Its New CEO To Lead RE Asset Management

Mahindra TEQO, a renewable energy asset management and intelligence platform under the Mahindra Group, has appointed Ankit Jain as its new Chief Executive Officer. This leadership transition aims to support TEQO to become one of the key players in renewable energy asset management. As a market share leader in India and among the top six […]

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Swaraj Tractors, Mahindra To Build Punjab’s Largest Solar Captive Project

Swaraj Tractors, a division of Mahindra Group, has partnered with Mahindra Susten, the Group’s clean-tech arm, to develop Punjab’s largest solar group captive project—a 26-megawatt (MW) solar installation in Bathinda district. The project, developed by Mahindra Susten, will supply renewable energy to four Swaraj Tractors manufacturing facilities in Mohali and Dera Bassi. It is expected […]

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Mahindra Adds New Subsidiary Velos Hybren To Expand RE Portfolio

Mahindra Susten (MSPL) recently incorporated Velos Hybren Private Limited (Velos Hybren) as its step-down subsidiary to spur renewable energy growth. Velos Hybren has been established to produce and sell power, generate electricity, act as an Independent Power Producer (IPP), and facilitate distributed energy solutions, including rooftop solar installations for commercial, industrial, institutional, and residential segments. […]

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