News > M&M to invest INR 12,000 crore in MEAL over next 3 years to boost EV strategy

M&M to invest INR 12,000 crore in MEAL over next 3 years to boost EV strategy

Mahindra and Mahindra announced their investment in MEAL (Mahindra Electric Automobile Limited) to create and market a world-class Electric SUV portfolio with advanced technologies. The investment will further aid in leveraging the company’s focus and expertise in ESG and climate change. The company currently holds 99.99% of the paid-up equity share capital of MEAL and BII holds 100 equity shares of MEAL, as per the exchange filing.