30.20 (0.97%) Mahindra & Mahindra (M&M) is planning to put fresh investments to the tune of Rs 3000 crore on its Electric Vehicles (EV) business in the next three years, while it looks for more alliances and partnerships in the vertical. The company is working on developing on an EV platform by combining capabilities of its operations across the globe, including Detroit and Italy.
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.