Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3123.90
40.40 (1.31%) M&M to develop cars purely on electric vehicle platform in long term
Date: 07-03-2019Mahindra & Mahindra (M&M) foresees developing electric vehicle (EV) only platforms in the long term although it will continue to leverage on its internal combustion engine vehicle platforms to develop EVs in the short term.
The company is looking to bring an electric car based on a platform of Ford with which it has an agreement to develop products jointly to add to its portfolio.
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.