July 5, 2022

Mahindra Group has begun a restructuring course of to separate its vehicles enterprise into three separate items, a Reuters report mentioned citing The Financial Occasions.

The train, which is within the early levels, is aimed toward splitting the auto operations into electrical car (EV), tractor and passenger car companies through a demerger course of, the report mentioned.

Mahindra Group can also be searching for funds for the EV unit and can membership it with Italian design home Automobili Pininfarina to kind a separate firm, in response to the report.

The corporate didn’t instantly reply to a Reuters request for remark, the report added.

(With inputs from Reuters)

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Revealed on: Friday, Could 06, 2022, 11:22 AM IST

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