Surprisingly, Mahindra is the leader in Electric 3w with a 65% market share as per slide 12. They are planning to scale the business further.
Additionally, they are planning to retain and build the Trucks and buses division. This is a refreshing changed from closing/ divesting all businesses like Genze, Ssangyong, Firstchoice, GippsAero etc.
Here’s more details on their 5 year plans for different businesses.
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