Mahindra Electric plans to double production capacity, to add half a dozen models - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Mahindra Electric plans to double production capacity, to add half a dozen models

According to people in the know, the company is likely to invest close to ₹300 crore for its last-mile mobility business which is about 10% of its allocated EV biz investment. The company is likely to close FY22 with the volumes of about 14,000 to 15,000 EVs, which could potentially double in FY23 provided semiconductor challenges do not aggravate.

from Industry-Economic Times
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