43.90 (1.42%) Mahindra Racing, automaker Mahindra & Mahindra’s motor sports division, will join the inaugural FIA Formula E Championship beginning in September 2014. Mahindra Racing has signed an agreement with series promoters Formula E Holdings to become the eighth and only Indian team to join the new zero emission series.
The innovative all-electric global race series will include 10 races in its first season in city-centre locations around the world, including London, Beijing and Los Angeles, designed to raise awareness about electric vehicles as well as help advance EV technology.
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.