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|6th October 2017, 12:08||#1|
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Mahindra chalks up Rs 4,000 crore investment to develop EVs
Domestic auto major Mahindra & Mahindra will be investing close to Rs 4,000 crores in the next 3-5 years to develop and add electric vehicles to it's portfolio, according to a report by the Economic Times.
The homegrown automobile giant has so far invested almost Rs 500 crores on developing electric vehicles and is now looking ahead at not only leading the EV market in India in the near future, but also to act as a supplier for a joint venture partner in motor and power electronics.
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