Mahindra earmarks capex of USD1.5 billion for automotive business, EVs

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Corporate developments

M&M had announced IN 2021 its future EV pipeline, which consisted of eight EVs across different body-types

Indian automaker Mahindra and Mahindra Ltd (M&M) plans to incur a capital expenditure of INR 15,300 crore (close to USD2 billion) in its farm equipment, automotive, and electric vehicle businesses during 2022-24 period, news publication Business Standard reported on 31 May 2022.

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