Mahindra & Mahindra to invest USD1.2 billion on setting up an EV plant in Pune, India
M&M’s investment plan is approved under the Maharashtra Government’s industrial promotion scheme for EVs
India’s leading sport utility vehicle (SUV) manufacturer Mahindra & Mahindra Ltd. (M&M) plans to invest INR100 billion (USD1.2 billion) on setting up an electric vehicle production facility in Pune, India, the company announced on 14 December 2022.
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