Mahindra Group likely to split auto business into 3 units - Economic Times

The EV business, along with its manufacturing plant in Pune, will be clubbed with Italian design house Automobili Pininfarina to form a company, the people said. The group is also exploring raising funds for the EV entity.

The Mahindra Group has initiated a restructuring to trifurcate its flagship automobiles business that contributes 55% to the group revenue. The exercise, which is understood to be in the early stage… [+4320 chars]

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