scorecardresearchM&M shares rise as brokerages cheer company's E-PV business plans

M&M shares rise as brokerages cheer company's E-PV business plans

Updated: 11 Jul 2022, 03:57 PM IST
TL;DR.
  • British International Investment will invest 1,930 crore in the passenger EV subsidiary of M&M at an equity valuation of $5.3-9.1 billion.
Analysts and brokerage firms highlighted that the newly formed subsidiary will invest in EV products as they believe electrification in PVs can accelerate amid favourable government policies, development of EV-specific infrastructure and accessible pricing along with higher range. REUTERS/Danish Siddiqui/File Photo

Analysts and brokerage firms highlighted that the newly formed subsidiary will invest in EV products as they believe electrification in PVs can accelerate amid favourable government policies, development of EV-specific infrastructure and accessible pricing along with higher range. REUTERS/Danish Siddiqui/File Photo