马恒达公司（Mahindra & Mahindra Ltd.）的电动三轮车业务正考虑在一年半后上市，因为伊朗战争引发的燃料危机加速了电动汽车需求，而该公司也在扩大制造产能。
Mahindra & Mahindra Ltd.’s electric three-wheeler business is contemplating going public a year-and-a-half from now as the Iran war-driven fuel crisis accelerates demand for electric vehicles and the company expands manufacturing capacity.
“我们考虑的是18个月。如果到那时我们准备好了，就会这么做，”马恒达最后一公里移动公司（Mahindra Last Mile Mobility）首席执行官苏曼·米什拉（Suman Mishra）表示，并补充说，公司不会仓促上市，因为可以依靠母集团为扩张提供资金。“无论哪种方式，集团都会为我们提供资金，”她在彭博社在孟买举办的活动上表示。
“Eighteen months is what we’re looking at. If we are ready by then, we’ll do it,” Mahindra Last Mile Mobility Chief Executive Officer Suman Mishra said, adding that the company would not rush into a listing as it could rely on its parent group to fund expansion. “The group is going to fund us no matter which way,” she said at an event in Mumbai hosted by Bloomberg.
米什拉表示，这家电动汽车制造商将根据其资金需求和展示持续增长的能力来决定是否上市。根据7月份的一份备案文件，马恒达今年夏天在由Lightrock领投的投资者中筹集了32.2亿卢比（3400万美元），估值为1082.2亿卢比。
The electric-vehicle maker will decide on a listing based on its funding needs and ability to demonstrate sustained growth, Mishra said. Mahindra raised 3.22 billion rupees ($34 million) in the summer from investors led by Lightrock at a valuation of 108.22 billion rupees, according to a July filing.
米什拉表示，伊朗战争引发的燃料价格飙升正在推动电动汽车需求，此前犹豫不决的客户现在开始转向电动汽车。她说，印度超过45%的大型三轮车是电动车，因为商业司机越来越希望降低燃料成本。
The surge in fuel prices triggered by the Iran war is powering demand for electric vehicles, with customers previously undecided about switching now making the transition, Mishra said. More than 45% of India’s larger three-wheelers are electric, as commercial drivers increasingly seek to reduce fuel costs, she said.
“当你每天行驶150公里时，你会立即看到经济上的节省，”米什拉表示。
“When you drive 150 kilometres per day, you start seeing the economic savings immediately,” Mishra said.
马恒达在其最新的产能扩张中投资了数亿卢比，并正在评估更大制造设施的选址。米什拉表示，该公司尚未在没有政府补贴帮助的情况下实现盈利，但预计在几年内做到这一点。
Mahindra has invested several hundred million crore rupees in its latest capacity expansion and is evaluating locations for a larger manufacturing facility. While the company has yet to turn a profit without the help of government incentives, it expects to achieve this in a couple of years, she said.
米什拉表示，其约70%至75%的制造业务已实现本地化，但公司依赖进口电池电芯和半导体。
About 70% to 75% of its manufacturing is localized, but the company relies on imports for battery cells and semiconductors, Mishra said.
尽管包括Bajaj Auto Ltd.和TVS Motor Co.在内的公司进入三轮车市场，竞争日益激烈，但她表示，它们的到来有助于加速这些车辆的普及，扩大销售潜力。
Although competition is intensifying as companies including Bajaj Auto Ltd. and TVS Motor Co. move into the three-wheeler market, their arrival has helped accelerate adoption of the vehicles and expand the sales potential, she said.
“它们一旦进入这个领域，竞争就产生了市场信誉和需求，因此我们才能扩大规模，”Mishra说。
“Once they entered this space, competition generated market credibility and demand, and therefore we were able to scale up,” Mishra said.