Mahindra & Mahindra plans to set EV battery plant
Mahindra group's automotive manufacturing corporation, Mahindra & Mahindra (M&M) is planning to set up a battery plant for its electric vehicles (EVs). The firm is evaluating the viability of a plant and will then look into partnerships.
In a statement as per THE HINDU M&M said, "We are going to look at the next phase on whether we should have a battery plant or not. The inclination is that we should have. But we need to verify the inclination through a lot of data and analysis on the benefits of doing so and make the final call. Then the question is with whom and what technology we should use".
Also Read: Mahindra & Mahindra To Infuse Rs 875 Crore In Classic Legends Pvt Ltd