Technology

Mahindra To Invest Up To Rs 3000 Crore On Electric Vehicle Business

3 monthes ago   |   By Auto Savvy

Mahindra Group MD and CEO Anish Shah confirmed that the carmaker is open for future alliances in developing EVs. The carmaker already has an electric technology plant in Bangalore producing batteries, and a new manufacturing unit in its Chakan plant for producing EVs. Mahindra is expected to launch the eKUV100 and the eXUV300 in the country. is intensifying its electric journey with the announcement that it will invest upto Rs 3,000 crore on its EV business within the next three years. This is on top of the Rs 1,700 crore Mahindra's already invested beforehand and another Rs 500 crore on a...
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