Mahindra Electric Mobility (MEM) has announced the merger with its parent brand, Mahindra and Mahindra (M&M)
The M&M Board had undertaken that MEM would merge into its fold 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.
A press release from MEL noted that the last mile mobility division of M&M will be responsible for the company’s widely acclaimed mix of petrol, CNG, diesel and electric last mile mobility 3/4-wheeler passenger and cargo vehicles.
These include the Mahindra Jeeto 4-wheeler, the Alfa range of 3-wheelers, the Zor Grand electric and the exclusive electric Treo range.