Rs 10,000 crore investment planned by Mahindra and Mahindra
Mahindra and Mahindra (M&M) has planned an investment of Rs 10,000 crore for setting up an electric vehicle (EV) manufacturing facility in Pune. The Pune facility will be set up under the Maharashtra government’s industrial promotion scheme for EVs.
M&M is in talks with states to set up EV plants as it seeks at least 30 percent of its sales to come from such vehicles by 2027.
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