February 19, 2018 10:07 pm | Updated 10:07 pm IST - MUMBAI
The Mahindra Group announced a fresh ₹900-crore investment in electric vehicles (EVs) over the next four years, which should ramp up its first installed capacity to 5,000 units a month.
“We have already invested ₹600 crore in EVs over the past five-six years and decided to invest ₹400 crore in Karnataka and ₹500 crore in Maharashtra in the next four-five years. This will be used for capacity, technology and products,” managing director Pawan Goenka told reporters here.
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