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Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years

Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years
Updated Apr 12, 2021 | 17:50 IST
The fresh round of investment will also be used for a variety of purposes, including development of a new platform that can underpin multiple models.
Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years
Unless you have been living under a rock, you know the EV revolution has truly arrived in India. Sure, its pace is rather slow and the efficacy would not exactly qualify for impressive, but hey at least we are trying. Anyway, we digress the primary focus of this story is the new report that Mahindra & Mahindra plans to make a humongous investment in its EV business over the next three years, thus signalling yet again just how important it is for the group. Yep, according to a new PTI report, the home-grown automaker will pour in new investments totalling a staggering ₹3,000 crore in its electric v ....

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Amazon eyes global ride aboard Mahindra Electric's Treo Zor EV

Amazon eyes global ride aboard Mahindra Electric’s Treo Zor EV
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Mahindra Electric is said to have delivered a few test mules of its Treo Zor electric three-wheeler to Amazon’s logistics partners in Japan and Vietnam.
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Mahindra Electric has also won the largest order for EVs from Amazon India, estimated at around 1,000 units.
Mumbai/Bengaluru:Amazon.com Inc., through its logistic partners is reportedly in talks with Mahindra Electric to source electric three-wheelers for some of its global operations.
Mahindra Electric has delivered a few test mules of its Treo Zor electric three-wheeler to the e-commerce behemoth’s logistics partners in Japan and Vietnam, a person aware of the development said. Mahindra has also won the largest order for EVs from Amazon India, estimated to be around 1,000 units, the person added. ....

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