Mahindra Group has begun a restructuring course of to separate its vehicles enterprise into three separate models.
Indian auto-to-technology conglomerate Mahindra Group has begun a restructuring course of to separate its vehicles enterprise into three separate models, the Financial Occasions reported on Friday.
The train, which is within the early levels, is geared toward splitting the auto operations into electrical car (EV), tractor and passenger car companies by way of a demerger course of, the newspaper reported, citing folks acquainted with the talks.
Mahindra Group can be looking for funds for the EV unit and can membership it with Italian design home Automobili Pininfarina to type a separate firm, in line with the report.
Mahindra didn’t instantly reply to a Reuters request for remark.
First Revealed Date: 06 Could 2022, 15:44 PM IST