The company also unveiled its dedicated EV component manufacturing facility in Chakan, Pune.

The facility, built with a capital investment of ₹ 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 dependence to high performance, localised aluminium solutions.

We are proud to partner with Mahindra in this journey, which not only reflects our commitment to the mobility transition but also highlights Mahindra's leadership in driving the electrification of mobility in India.

Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues, and the world’s second largest Copper rods manufacturer (outside China).

The scrip fell 1.55% to currently trade at Rs 618.70 on the BSE.