This automaker aims to lead the market for electric SUVs with its new EV model
Mahindra and Mahindra aims to lead sales of electric sport-utility vehicles (SUVs) in the country, its CEO said , a day after the automaker raised money for its new electric vehicle (EV) unit at a $9.1 billion valuation.
Mahindra and British International Investment (BII) announced that they will each invest up to $250 million in the EV unit, which will focus on four-wheel passenger electric cars.
The Mumbai-based company sells some of India’s most popular combustion engine SUVs, including the Scorpio and Thar, and now plans to dominate the EV sector with similar models.
