Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3394.30
-148.30 (-4.19%)
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M&M’s arm - Mahindra Reva to electrify more vehicles

Date: 11-04-2013

Mahindra & Mahindra (M&M) - subsidiary - Mahindra Reva is looking for possibility of electrifying more vehicles and aims to complete at least one by 2014. The entity is working on more platforms and the options available are the Verito (sedan), Maxximo and Gio (mini trucks). The company, however, is not keen on launching any hybrid vehicles as it intends to concentrate only on electric vehicles.

Mahindra & Mahindra (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.