M&M TO FOCUS ON ELECTRIC 3-WHEELERS

NEW DELHI: Mahindra and Mahindra Ltd (M&M) is intensifying its focus from electric cars to electric three-wheelers as India’s top electric vehicle maker by volume seeks to improve the viability of its electric mobility business, said two people aware of the plans. The company has set an ambitious internal target of selling 10,000 electric threewheelers each month and is in talks with state governments as well as private entities to promote sales of these zero-emission vehicles, said the people cited above, requesting anonymity. “Development of electric cars requires a lot of investment and the competition is very stiff. So, it is prudent of M&M to have changed its strategy,” said one of the two people cited above.