Hindalco Sets Up ₹5 Billion EV Component Plant in Chakan

Hindalco Industries Ltd. on Friday said it has set up a new electric vehicle component manufacturing facility in Chakan, Pune, with a capital investment of ₹5 billion. The five-acre facility marks the company's entry into the EV component manufacturing segment.

In an exchange filing, Hindalco said it has already supplied 10,000 aluminium battery enclosures to Mahindra & Mahindra Ltd. for its BE6 and XEV 9e models. Over 3,000 M&M vehicles on Indian roads are currently equipped with these battery packs, the company added.

The Chakan unit is designed to meet the rising demand for lightweight, crash-resistant battery solutions. The facility has an annual production capacity of 80,000 enclosures, which the company plans to scale up to 160,000 units.

Hindalco developed the aluminium battery enclosure in collaboration with M&M. The design reduces weight by up to 40% compared to traditional steel packs, resulting in an estimated 8–10% improvement in electric vehicle range.