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
![](https://etimg.etb2bimg.com/thumb/msid-110180422,imgsize-11064,width-1200,height=765,overlay-etauto/passenger-vehicle/mm-to-invest-inr-12000-crore-in-meal-over-next-3-years-to-boost-ev-strategy.jpg)
16/05/2024 07:16 PM | Click to read full article
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.