The facility is located 2.83 km away from the company's Chakan manufacturing hub – one of India's largest greenfield projects, a water-positive facility – and is 100 per cent renewable energy dependent.According to company chairman Anand Mahindra, Mahindra & Mahindra (M&M) is the 11th most valuable automobile manufacturer in the world, surpassing several competitors and erstwhile technology partners. On the EV business, he said it takes courage for a traditional SUV company to bet big on the future of electric vehicles in an uncertain world. "And it takes a deep commitment to innovation to incorporate cutting-edge technology, design and performance in vehicles that have unique offerings. I hope this will be an omen for the future of every company within the group," Anand Mahindra said.