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S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
500520
Company
MAHINDRA & MAHINDRA LTD.
Exchange Received Time
21/05/2017 21:34:23
Exchange Disseminated Time
21/05/2017 21:34:29
Time Taken
00:00:06
Updates |
5/21/2017 9:34:24 PM
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), this is to inform that the Company plans to invest directly and/or through its subsidiary(ies) in :- · high-end electric powertrain technology as part of its plan for the future of mobility; and · electrification of some of its existing and future products The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles. The high end electric powertrains will be used for the Group's future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow. The Company's announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of India's thrust on promoting hybrid and electric mobility in the country, through the ambitious National
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