Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3092.05
-35.30 (-1.13%)
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Mahindra & Mahindra’s arm enters into strategic partnership with Ecofy

Date: 09-07-2024

Mahindra & Mahindra’s subsidiary -- Mahindra Last Mile Mobility (MLMML) has entered into strategic partnership with Ecofy, India’s green-only NBFC backed by Eversource Capital, committed to financing India’s green transition. 

The partnership is expected to boost the adoption of electric three-wheelers (EV 3W) in India. MLMML is India’s No.1 electric three-wheeler manufacturer and offers the widest range of electric three-wheelers. The collaboration aims to provide impetus to the growing EV 3W demand by combining Mahindra's expertise in electric vehicle manufacturing with Ecofy's innovative financing solutions.

Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.