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M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points

CARE Ratings reaffirmed ratings on the existing bank facilities of M&M with stable outlook.

M&M draws aggressive 6-year plan for auto and farm equipment segments
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SI Reporter Mumbai
Shares of Mahindra & Mahindra (M&M) were trading higher by 2.5 per cent at Rs 1,259.40 on the BSE in Wednesday’s intra-day trade after the company and Jio-bp announced strengthening of their existing partnership with Jio-bp setting up robust charging network for Mahindra’s upcoming e-SUVs launches.

Jio-bp is a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp. Last year, the companies had signed MoU for exploring the creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels. CLICK HERE FOR FULL REPORT

At 10:20 AM, M&M traded 1.4 per

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