Adani Enterp. 1847.90↑3.30(0.18%)
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Asian Paints 2910.00↑12.00(0.41%)
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Coal India 229.75↓-0.50(-0.22%)
Divi's Lab. 3220.00↓-6.45(-0.20%)
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Eicher Motors 3248.35↑30.40(0.94%)
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HCL Technologies 1065.55↑12.10(1.15%)
HDFC Bank 1671.80↑7.65(0.46%)
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Hero Motocorp 2505.15↑7.40(0.30%)
Hind. Unilever 2510.80↑20.35(0.82%)
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St Bk of India 566.35↑4.55(0.81%)
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Tata Steel 106.85↓-0.20(-0.19%)
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UltraTech Cem. 7456.90↑17.70(0.24%)
UPL 715.35↑0.70(0.10%)
Wipro 374.55↓-1.10(-0.29%)

Looking for long-term partner for EV business: M&M exec director Jejurikar

We had already re-engineered our ICE portfolio to meet the norms. We needed to sell a small number of EVs to meet the target for 2022-23, says Rajesh Jejurikar, executive director, M&M

Sohini Das

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Rajesh Jejurikar, executive director, M&M

4 min read Last Updated : Apr 26 2023 | 5:37 PM IST

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Mahindra & Mahindra (M&M) is all set to reposition itself as a serious electric vehicle (EV) player. It is surveying the lightweight tractor segment and the international markets for expansion of its farm equipment business. Executive Director Rajesh Jejurikar, in conversation with Sohini Das, shares the company’s vision. Edited excerpts:

Are you looking to raise more funds for Mahindra Electric Automobile (MEAL)?

MEAL is a separate company we spun off that got valued at $9.1 billion. We have fund-raised with British International Investment. We will fund-raise eventually with a like-minded partner.