- Mahindra & Mahindra has increased its SUV and LCV product aspirations significantly through 2031, including expansion of both ICE and BEV portfolios.
- The company is also scaling manufacturing capacity through phased upgrades at Chakan and a new greenfield facility planned in Nagpur by 2028.
Mahindra & Mahindra has outlined an expanded long-term product and manufacturing roadmap as part of its latest investor update released on May 5. The company revised its SUV nameplate target upward from 16 models to 25 models by 2031, covering both internal combustion engine and battery electric vehicle portfolios. The revised roadmap now includes 15 ICE SUVs and 10 BEVs. In parallel, the automaker also expanded its light commercial vehicle strategy by increasing its sub-3.5-tonne product aspiration from seven models to fourteen models over the same timeline.
The updated roadmap reflects the company’s intention to strengthen its presence across multiple mobility segments while supporting future electrification demand. On the SUV side, Mahindra confirmed that 9 out of the planned 25 nameplates have already been introduced by FY 2026. The remaining 16 products are scheduled for phased launches over the coming years. The company’s growing focus on electric mobility is reflected in the inclusion of 10 dedicated BEV nameplates within the future product portfolio.
Within the light commercial vehicle business, the company stated that four out of the planned fourteen products have already been launched. These include Veero, Veero CNG, Bolero Camper, and the Bolero Pikup Refresh. The remaining ten products are expected to be introduced progressively before 2031 as the company strengthens its commercial mobility offerings. The roadmap expansion signals Mahindra’s broader strategy to increase market coverage while catering to evolving demand across utility and commercial transportation segments in India.
Mahindra Product Expansion Targets Through 2031
The revised product strategy includes significant expansion across both SUV and LCV categories. The roadmap demonstrates the company’s emphasis on increasing product diversity while balancing conventional and electric powertrain technologies. The company also highlighted that multiple future launches are aligned with long-term market growth opportunities and increasing adoption of electrified mobility solutions.
| Segment | Previous Target | Revised Target | Already Launched | Remaining Launches |
|---|---|---|---|---|
| SUV | 16 | 25 | 9 | 16 |
| LCV Under 3.5T | 7 | 14 | 4 | 10 |
Manufacturing Capacity Expansion Strategy
The company also shared details of its phased manufacturing expansion strategy to support future product launches and rising demand. Mahindra’s current SUV production exit capacity stands at 64,500 units per month. This includes 54,000 ICE units, 8,000 BEV units, and an additional 2,500 units under ramp-up capacity. According to the roadmap, total SUV manufacturing capacity is expected to increase to 68,000 units per month by the first half of FY 2027.
To support upcoming electric vehicle programs and future platform expansion, Mahindra is creating an additional 14,000 units per month of NUIQ capacity at its Chakan manufacturing facility. The additional production capability is planned to become operational in phases by FY 2028. The company indicated that this phased approach is intended to maintain production flexibility while supporting future product scale-up requirements across both ICE and BEV portfolios.
Future Nagpur Greenfield Manufacturing Facility
Beyond the Chakan expansion, the company announced plans for a new greenfield manufacturing facility in Nagpur. The plant is targeted to commence operations during calendar year 2028 and is expected to play a major role in supporting Mahindra’s future passenger utility vehicle production plans. Once fully operational, the facility is designed to support annual production exceeding 500 thousand passenger utility vehicles.
The new plant announcement represents a major step in the company’s long-term manufacturing strategy as it prepares for higher production volumes and a broader product lineup. The expansion plans across Chakan and Nagpur are expected to strengthen Mahindra’s production network while enabling scalability for future SUV and commercial vehicle demand growth in domestic and potentially export markets.
Frequently Asked Questions
What changes has Mahindra made to its SUV and LCV roadmap?
Mahindra & Mahindra has significantly expanded its future product roadmap through 2031 by increasing its SUV and light commercial vehicle targets. The company raised its SUV nameplate aspiration from 16 to 25 models, including 15 ICE SUVs and 10 BEVs. In the LCV category below 3.5 tonnes, the target increased from seven to fourteen products. The roadmap also confirms that several models have already been launched while additional products are planned in phases over the coming years to support future market growth and electrification strategies.
What manufacturing expansion plans has Mahindra announced?
Mahindra announced a phased manufacturing expansion strategy covering both existing and future facilities. The company plans to increase SUV production capacity from 64,500 units per month to 68,000 units per month by H1 FY 2027. It is also adding 14,000 units per month of NUIQ production capacity at the Chakan plant by FY 2028. In addition, Mahindra revealed plans for a new greenfield manufacturing facility in Nagpur scheduled for operational commencement in CY 2028, with annual passenger utility vehicle production capability exceeding 500 thousand units.
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