Mahindra & Mahindra to set up EV unit in Maharashtra – Feedback

Mahindra & Mahindra (M&M) has proposed to invest Rs.500 crore for setting up electric vehicle (EV) production unit in Maharashtra.

Company will soon decide on the manufacturing site either at Nashik or Igatpuri. The proposed Rs 500 crore investment in Maharashtra will be in addition to the Rs 600 crore the company has invested in its EV venture. M&M has proposed to increase EV capacity from the present level of 200 units to 1,000 units by the end of 2018 and to 5,000 by 2020.

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