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Wednesday, 24 May 2017

Pawan Kumar Goenka, Managing Director of the Mahindra & Mahindra Limited, has said that the company will bring electric vehicles revolution to India, reported a leading business channel on Wednesday.

Goenka also informed that Mahindra & Mahindra has already invested Rs 600 crore in electric vehicles.

Meanwhile Mahindra & Mahindra Limited was trading at Rs 1316.50, down by Rs 12.85 or 0.97%, as at 13.07, on Wednesday, on the BSE. The stock had hit an intraday low of Rs 1312.95.

This could be termed as an effect of Government of India’s desire to have all electric car fleet by 2030. Government’s think tank, NITI Aayog in tandem with the Ministry of Heavy Industries is working on a roadmap for the promotion of electric vehicles.

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