M&M wants EV arm under its roof for value chain efficiency

Mahindra & Mahindra, India’s leading utility vehicle maker is seeking approval from the National Company Law Tribunal for a merger of Mahindra Electric Mobility Ltd to itself – i.e. Mahindra & Mahindra Ltd NSE 2.69 %.

Seeking the tribunal’s approval for the merger – M&M explained that the value chain required for end-to-end EV (Electric Vehicles) development, manufacturing and sales is currently spread between M&M and MEML and it needs to be consolidated.