Mahindra and Mahindra Electric consolidation would categorise EV operations into two focussed verticals — last-mile mobility (LMM) and electric vehicle tech centre. Mahindra & Mahindra on Friday said its board has given in-principle approval to consolidation of its step-down arm Mahindra Electric Mobility Ltd with itself, to provide requisite resources and direction to the electric […]
M&M to merge Mahindra Electric with company for growth in EV segment
M&M said simplifying the structure will drive improvements through innovation, execution excellence, efficiencies and economies of scale. Besides, it will also unlock shareholder value. The board of Mahindra & Mahindra (M&M) on Friday granted an in-principle approval for consolidation of Mahindra Electric Mobility Ltd, a step-down subsidiary, into the company. The consolidation would categorise the […]