Home Four wheelers oi-Stephen Gershom By Stephen Gershom Published: Monday, April 12, 2021, 14:09 [IST] Mahindra & Mahindra is all set to invest an additional Rs 3,000 crore in its electric vehicle business. The brand had earlier announced an investment of Rs 9,000 crores in the development of its EV vertical, and now the additional Rs 3,000 crore has elevated the budget to a total of Rs 12,000 crore. It is no secret that the future is electric. There are hundreds of electric vehicle startups in the world, trying to develop that perfect EV that can capitalise on the huge potential in the market. At the same time, all established automotive manufacturers across the world are also trying to get a slice of the EV pie. Mahindra & Mahindra is currently known for its brilliant petrol and diesel-powered SUVs. However, it wants to be known for its electric vehicles a few years from now. Mahindra was the first major … [Read more...] about Mahindra Announces Additional Investment Of Rs 3,000 Crore In Its EV Business