Mumbai, February 2, 2023: Mahindra Electric Mobility Limited (MEML) is now officially merged into the parent company, Mahindra and Mahindra Limited (M&M). The M&M Board had undertaken that MEML would merge into M&M with effect from April 1, 2021, to synergize EV development, manufacturing, and sales operations. The merger process, which has been underway, received the final NCLT approval on January 13, 2023.
The Last Mile Mobility (LMM) division of M&M will be responsible for the company’s widely acclaimed mix of petrol, CNG, diesel and electric last mile mobility 3- and 4-wheelers – passenger and cargo vehicles. These include the Mahindra Jeeto 4-wheeler, Alfa range of 3-wheelers, Zor Grand electric and the exclusive electric Treo range.
Ka-Chow!
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