Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar

"We do not need any funds; we are well-covered at the moment"

Sohini Das
Rajesh Jejurikar, executive director, M&M

Rajesh Jejurikar, executive director, M&M

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Mahindra & Mahindra (M&M) is all set to reposition itself as a serious electric vehicle (EV) player. It is surveying the lightweight tractor segment and the international markets for expansion of its farm equipment business. Executive Director and CEO, Auto and Farm sector, M&M Rajesh Jejurikar, in conversation with Sohini Das, shares the company’s vision. Edited excerpts:
Are you looking to raise more funds for Mahindra Electric Automobile (MEAL)? 
MEAL is a separate company we spun off that got valued at $9.1 billion. We have fund-raised with British International Investment. We will fund-raise eventually with a like-minded partner.

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First Published: Apr 26 2023 | 6:54 PM IST

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