58.20 (1.87%) In a bid to shore up sales of its electric passenger vehicles, Mahindra & Mahindra’s (M&M) subsidiary -- Mahindra Electric Mobility -- is reportedly planning to join forces with fleet operators and cab aggregators such as Zoomcar, Ola and Uber.
The company is aiming to double sales of its electric vehicles, including passenger cars which run on batteries, in the current year. Last year, the company sold 4,000 electric vehicles of which 1,300 were passenger cars.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.