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.