M&M to invest Rs 600cr in new EV, eyes 3000 monthly production

Mahindra & Mahindra has set a target of manufacturing 3,000 electric vehicles a month over the next two years and will invest up Rs 600 crore in a new plant for such vehicles, a top company official said.

"Right now, we are rolling out 200 electric vehicles a month. We are going to rev up this capacity to 700-800 monthly over the next four months," M&M managing director Pawan Goenka told

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