Mahindra & Mahindra, which has placed strong bets on electric mobility, is scouting for partners for its electric vehicle (EV) businesses in India and overseas.
- In talks with multiple parties for investment in Mahindra Electric.
- Seeking strategic investors for high-end EV brand Automobili Pininfarina.
- Mahindra Electric’s range to expand with the upcoming eXUV300.
M&M’s managing director, Dr Pawan Goenka, who has earlier stated the necessity for collaboration in the EV industry to primarily gain the critical scale, said, “We are engaged in discussions with multiple parties.” These discussions are regarding new investors in Mahindra Electric. He adds that there is a “lot of interest” among investors to invest in “gems” of the EV industry. This was stated at Mahindra’s 74th annual general meeting, held recently.