Mahindra & Mahindra (M&M) plans to launch its first line-up of electric four-wheeler commercial vehicles in 2025, complementing its existing electric three-wheeler cargo products. For this, the company is developing its inaugural range of electric light commercial vehicles (LCVs).

With this, home-grown automaker seeks to mark its position in a competitive segment, which is transitioning from conventional fuels to cleaner technologies such as compressed natural gas (CNG) and electrification. It has a footprint in LCVs (vehicles with sub-3.5-tonne payload).

Earlier this year, the company announced plans to invest Rs 3,000 crore in electric vehicles (EVs), meanwhile considering a new brand name for the electric SUVs.

M&M intends to capitalise on the production-linked incentive (PLI) scheme for its LCVs. It has already availed PLI benefits for its lithium-ion battery-powered electric three-wheeler cargo vehicles.