In Short : M&M has partnered with Adani Total Energies to bolster electric vehicle (EV) infrastructure. In Detail : According to a statement released on 21 March, Mahindra & Mahindra has partnered with a subsidiary of Adani Total Gas to establish electric vehicle (EV) charging infrastructure nationwide. The auto manufacturer and Adani Total Energies E-Mobility […]
M&M to raise up to $1.3 bn for EV unit – EQ Mag
Mahindra & Mahindra Ltd is in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit, people familiar with the development said, adding the move is aimed at accelerating the expansion plans of its newly formed subsidiary, EV Co. Mahindra is likely to raise capital in multiple […]
M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points – EQ Mag Pro
CARE Ratings reaffirmed ratings on the existing bank facilities of M&M with stable outlook. Shares of Mahindra & Mahindra (M&M) were trading higher by 2.5 per cent at Rs 1,259.40 on the BSE in Wednesday’s intra-day trade after the company and Jio-bp announced strengthening of their existing partnership with Jio-bp setting up robust charging network […]
M&M in talks to raise up to $500 mn for EV push, says report – EQ Mag Pro
Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge […]
M&M in talks with different states in India for setting up EV production site – EQ Mag Pro
London : Mahindra & Mahindra has initiated talks with various state governments in India to set up manufacturing infrastructure for its upcoming range of electric sports utility vehicles, according to a top company official. The automaker, which has lined up five new electric Sports Utility Vehicles (SUVs) with the first four expected to hit the […]
Electric vehicles to grab market share soon; M&M, Tata Motors, Sona Comstar among top automaker – EQ Mag Pro
The EV market share is estimated to jump sharply to 10% by FY25 on account of more launches and increased capacities, according to Nomura. A potential rise in fuel prices can also accelerate the EV adoption further. Electric vehicles are expected to come charging soon and will likely grab a substantial market share from petrol […]
M&M, Jio-BP tie up for EV services – EQ Mag Pro
MUMBAI: Mahindra Group and Jio-BP, a joint venture between Reliance Industries and BP, have teamed up to explore creation of electric vehicle (EV) products and services. The alliance will also explore low-carbon solutions. Mahindra Group and its channel partners’ locations will be evaluated for setting up Jio-BP stations, including EV charging and swapping points. Additionally, […]
M&M MD stresses on India-Europe tech partnership to reverse climate change impact – EQ Mag Pro
If we can find economically viable uses of the captured carbon dioxide, we could have taken a major step forward in reversing the effects of climate change, Shah stated.The rule for corporate entities is really to reimagine capitalism and thereby reimagine the world, Shah stated.For us Net Zero should be a responsibility. Partnerships in the […]
M&M to Acquire 31% in Solar Power Generation Company
Mahindra & Mahindra (M&M) said it will acquire 1.60 crore shares (up to 31.2% stake) in ReNew Sunlight Energy (RSEPL), in one or more tranches, for a cash consideration of Rs 16.07 crore. RSEPL is subsidiary of ReNew Green Energy Solutions, which in turn is a subsidiary of Renew Power. Pursuant to the above acquisition […]
M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years
Mahindra looks to make major investments in electric cars in the coming years. NEW DELHI: 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 […]