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Mahindra & Mahindra to invest up to Rs 4,000 crore to boost electric vehicle business

Mahindra & Mahindra to invest up to Rs 4,000 crore to boost electric vehicle business

Having lost out the prestigious government electric vehicle order to Tata Motors, Mahindra & Mahindra, India’s leading electric vehicle maker is not perturbed and has set its eye on bigger things in the future.

The maker of Scorpio and Bolero SUV, which has so far invested close to Rs 500 crore in the business, will be investing almost eight times the money — Rs 3,500 crore to Rs 4,000 crore — in the EV business in the next three to five years. read more →

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