
Mahindra inks pact to equip EVs with Volkswagen components
Mahindra intends to equip its EVs with electric motors, battery system components and battery cells of Volkswagen's MEB platform.
Mahindra intends to equip its EVs with electric motors, battery system components and battery cells of Volkswagen's MEB platform.
The hike comes just two months after Mahindra raised the prices of its vehicles by up to ₹43,559. It is the result of a continuous increase in prices of key commodities, says M&M.
A total of 115 companies had applied for the PLI scheme in the automobile and auto component industry.
This was the third-best performance by the domestic bourses on a Budget day in the last ten years, with Sensex surging 1.46% to 58,862 points.
Indian share market ended tad higher in choppy trade on Monday, with all sectoral indices, barring pharma and bank, ending in the green zone.
The BSE Sensex and the NSE Nifty resumed their gaining streak after a day’s fall in the previous session led by index heavyweights RIL, TCS, and ICICI Bank.
The BSE Sensex and the NSE Nifty are headed for a negative opening on Monday following a weak trend in global equity markets.
All the sectoral indices ended in the green, while capital goods, auto IT, and PSU bank gained the most, led by Asian Paints, Sun Pharma, and M&M.
From Hindustan Unilever and ITC to the Tata Group and Godrej, building a purposeful business is at the heart of strategic growth strategy
Anish Shah took charge of Mahindra & Mahindra (M&M) at a time the economy was under a lockdown. He says M&M will not hesitate to pull away from businesses that don’t make financial sense.