Mumbai: The Mahindra Group on Monday announced a fresh Rs 900-crore investment in electric vehicles (EVs) over the next four years, which should ramp up its first installed capacity to 5,000 units a month.
“We have already invested Rs 600 crore in EVs over the past 5-6 years and have decided to invest Rs 400 crore in Karnataka and Rs 500 crore in Maharashtra over the next 4-5 years,” said M&M managing director Pawan Goenka. — PTI
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