The exercise, which is still in its early stages, aims to split the automotive business into electric vehicles (EVs), tractors and passenger vehicles through a splitting process, the newspaper reports, citing people familiar with it. discussions.
Mahindra Group is also seeking funding for the EV unit and will combine it with Italian design house Automobili Pininfarina to form a separate company, according to the report.
Mahindra did not immediately respond to a Reuters request for comment.