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M&M is targeting 30 per cent EV penetration in its portfolio by 2030. (Photo: Reuters)
SUV maker Mahindra & Mahindra (M&M), which holds a 21.6 per cent revenue market share in the segment, is progressing with its upcoming electric vehicle (EV) and EV battery manufacturing plant in Chakan. The company has ruled out plans for another facility to house its new EV architecture.
Kerala industries minister P Rajeeve told Business Standard last month that M&M officials were scheduled to meet them soon. The state is in talks with EV players to set up manufacturing facilities. Earlier in August, a Reuters report suggested that M&M and China’s Shaanxi had agreed to form a
