Published On:June 15 2018
Story Viewed 3144 Times
M&M plans Rs.900 crore capital outlay
Mahindra & Mahindra will invest an additional ₹500 crore at its Chakan plant in Maharashtra to expand its electric vehicles portfolio.
The company has signed two pacts with the State government regarding EVs.
M&M has earmarked a total outlay of ₹900 crore for EV vertical. Apart from ₹500 crore investment in Maharahtra, the company also plans to put in another ₹400 crore in its other plants across the country.