Mahindra & Mahindra aims to invest Rs 120 billion in Mahindra Electric Automobile Limited (MEAL), its electric vehicle (EV) division, over the following three years up to March 31, 2027. The company announced that it anticipates generating sufficient operating cash from its auto division to meet all capital investment requirements, eliminating the need for additional external funding. Mahindra & Mahindra and British International Investments (BII) have also extended the deadline for the final tranche of the projected Rs 7.25 billion investment in MEAL.
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