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M&M EV funding live– M&M’s new SUV EV to debut in September 2022.
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M&M stock update– M&M stock had climbed 10 percent till 12.45 pm after the EV announcement.
M&M EV funding liveRajesh Jejurikar (L), Executive Director, Auto and Farm Sectors at M&M, and Anish Shah (R), Managing Director and CEO, M&M, at the M&M EV press conference.
M&M EV funding live Executive Talk
– Sameer Usgaonkar, Director, Head of Project Finance South Asia, BII (British International Investment), said the EV Co is expected to hit a valuation based on specific milestones in the future.
– “We did extensive deligence, including dozens of meetings with the management team and got comfortable with that valuation,” he added.
M&M EV funding live Executive Talk
– This investment by BII (British International Investment) is only for passenger four-wheelers, said Anish Shah, adding that there will be separate news about three-wheelers and others.
M&M EV funding live Executive Talk
– Anish Shah, Managing Director and CEO, Mahindra & Mahindra, had in an earlier press statement also said that Mahindra is a “pioneer in the electric vehicles space”, adding that they are “confident we will be the leaders in the electric SUV market in the future”.
M&M EV funding live executive talk
– Rajesh Jejurikar, Executive Director, Auto and Farm Sectors at M&M, believes that the electric SUV segment is at an inflection point.
– He said the company expects 20 to 30 percent of company SUVs to be electric by 2027.
LIVE: M&M Management On Rs 1,925 cr Fund Raise For New EV ArmWatch Moneycontrol’s livestream of M&M’s EV funding accouncement:
M&M EV funding live
Anish Shah, Managing Director and CEO, Mahindra Group: We will share about our EV products on August 15
