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Mahindra & Mahindra and VW Group in exploratory talks for EVs for India and global market
This would accelerate the company's ambition to reach to sell two lakh electric vehicles by 2027 that could potentially generate revenue of around Rs 50,000 crore for EV its subsidiary, while VW may gain localization of parts to take advantage of Indian cost. M&M will have access to the latest VW technologies and should also help reduce the development time and cost to launch its own Born Electric vehicles.