Indian auto-to-technology conglomerate Mahindra Group has begun a restructuring process to split its automobiles business into three separate units, the Economic Times reported on Friday.
Both companies are also looking at ways to handle the semiconductor shortage in a better way next year so that the impact on the production is minimal.
M&M to pump Rs 3,000 crore in EV business in next 3 years
The company, which has set a goal of putting 5 lakh electric vehicles on Indian roads by 2025, has already invested Rs 1,700 crore in the EV business in India with another Rs 500 crore on a new research and development (R&D) centre
PTI | April 11, 2021 | Updated 12:08 IST
Mahindra & Mahindra Ltd had earlier said it was investing Rs 9,000 crore in auto and farm sectors in the next five years
Mahindra & Mahindra Ltd will put in fresh investments to the tune of Rs 3,000 crore on its electric vehicles business in the next three years, while it looks for more alliances and partnerships in the vertical, according to a top company official. M&M is working on developing on an EV platform by combining capabilities of its operations across the globe, including Detroit and Italy.
Jugaad champion! Indians risk losing the title, says Anand Mahindra
The Chairman of Mahindra Group shared a picture of a man who was sitting on a bike with a loader attached to it. The photo was sent by a US friend of Mahindra
BusinessToday.In | February 17, 2021 | Updated 18:05 IST
Anand Mahindra shared a picture of a man who was sitting on a bike with a loader attached to it
Anand Mahindra has always been appreciative of Indians for being champions of the Jugaad system, but this time the business magnate lauded a foreigner for the same.
The Chairman of Mahindra Group shared a picture of a man who was sitting on a bike with a loader attached to it. The photo was sent by a US friend of Mahindra. After posting the photo on Twitter, Mahindra wrote that Indians, may be in danger of losing title of Jugaad champions! .