M&M Board approves consolidation of Mahindra Electric Mobility Limited With the electric vehicles business at an inflection point and poised to grow exponentially, this realignment will help in providing the requisite resources as well as the direction to realising targeted growth.

---

Auto industry: Localisation movement needs government support While there has been huge pressure on automakers and even component suppliers to manufacture fuel efficient vehicles and additionally meet the new challenges of the changing regulations for ICE vehicles, industry is hoping for a support from the government. On one hand it is developing EV ecosystem and on the other the industry meeting new regulatory challenges that government is imposing based on the Paris Pact.

---

Maruti Suzuki India posts 6.7 per cent decline against 2019-20 MSIL domestic sales in FY 19-20 had fallen by 18 per cent due to reasons that are well known and in FY 20-21 have been impacted due to COVID related factors

---

Switch Mobility and Siemens MoU to cost-effective e-mobility solutions As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd.

---

Minda Industries to invest Rs 250 Cr to expand its two businesses The expansion comes in line with the improved market scenario and increased demand, wherein the said businesses have been operating at near capacity.