Sustainability Magazine July 2024 | Page 36

MAHINDRA ELECTRIC AUTOMOBILE LTD
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Suman Mishra CEO , Mahindra Electric Automobile Ltd

MAHINDRA ELECTRIC AUTOMOBILE LTD

REVENUE : US $ 9.8BN ( FEB 2024 ) CEO : SUMAN MISHRA FOUNDED : 2023 HEADQUARTERS : INDIA
Mahindra Electric Automobile Ltd ( MEAL ), a subsidiary of Mahindra & Mahindra Ltd , is a pioneering company in the four-wheeler passenger electric vehicle sector . Unveiling its Born Electric Vision in August 2022 and launching in India on 10 February 2023 , MEAL aspires to become a global leader in electric automotive innovation . In 2023 , MEAL secured US $ 145m from Temasek , following a US $ 250m investment from British International Investments in 2022 , underscoring its ambitious growth and development plans . 36 July 2024