Mahindra & Mahindra Commits ₹120 Billion to EV Expansion by FY 2027

The fund will be used to create and market an electric SUV portfolio

May 17, 2024

/ Arjun Joshi
/ Electric Vehicles, Finance and M&A
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Automobile manufacturer Mahindra & Mahindra plans to invest ₹120 billion (~$1.43 billion) in its electric vehicle (EV) unit, Mahindra Electric Automobile (MEAL), over the next three years up to March 31, 2027.

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Arjun Joshi

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British International InvestmentsEVFundingMahindra & MahindraTemasek
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