Summary
Mahindra and Mahindra Ltd (M&M), India’s largest electric vehicle maker by sales volume, is exploring partnerships with global manufacturers to jointly develop electric vehicles and their powertrains, managing director Pawan Goenka said.
This will include a potential stake sale in its wholly-owned subsidiary, Mahindra Electric, Goenka said in an interview on Thursday.
Unlike rivals, M&M has made its electric vehicle (EV) business a separate unit and has also set up a base for developing and manufacturing such vehicles and components on the outskirts of Bengaluru.
Goenka said the global sales volume for EVs ......