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Indian automobile brand Mahindra and Mahindra Limited (M&M) was in talks with foreign investors by the beginning of 2023 for a USD1.3 billion investment to expand its electric vehicle (EVs) business. Experts disclosed that the brand was planning to raise venture capital, between FY 2023-25, by selling its stake, valued at USD 9.1 billion approximately. The Indian business conglomerate had announced to invest significantly till FY 2024 to initiate EV capacity expansion across regions. Known for manufacturing sports utility vehicles (SUVs) coupled with jeeps, the automotive brand sought to increase investments further. At the same time, it received official approval to open an EV manufacturing facility in Pune, Maharashtra. Nevertheless, the brand was destined to face tough competition from Tata Motors, the major market player in the Indian EV space. With the growing demand for EVs across markets and the disruption of automobile supply chains globally, would M&M gain a strategic advantage with increasing investments in EV manufacturing?