when asked if mm is looking for alliances or partnerships he said for evs we will look at alliances ev is the futurenew delhi mahindra mahindra ltd will put in fresh investments to the tune of rs 3000 crore on its electric vehicles business in the next three years while it looks for more alliances and partnerships in the vertical according to a top company official mm is working on developing an ev platform by combining the capabilities of its operations across the globe including detroit and italy so for evs we are going to invest rs 3000 crore additional to what we have talked about mahindra group managing director and ceo anish shah told advt mahindra mahindra ltd had earlier said it was investing rs 9000 crore in the auto and farm sectors in the next five years the company which has set a goal of putting 5 lakh electric vehicles on indian roads by 2025 has already invested rs 1700 crore in the ev business in india with another rs 500 crore on a new research and development rd center while it has already opened its electric technologies plant in bengaluru that produces battery packs power electronics and motors it has also invested in a new manufacturing unit at its chakan plant to produce evs shah who recently took over as managing director and chief executive officer with the mandate to have complete oversight of and responsibility for all the mahindra group businesses said the fresh investment is over and above that it will be utilized in various activities including developing a new platform that can roll out multiple models by combining the groups various capabilities there are multiple capabilities we have within the group we have capabilities in detroitwe have the capability in automobili pininfarina and our formula e shah said adding those are going to combine to get an electric platform for india when asked if mm is looking for alliances or partnerships he said for evs we will look at alliances ev is the future we already have one alliance we have announced an mou with ree automotive which is an israeli company this is for smaller trucks and commercial vehicles and we will have other alliances on the ev side as well so we are very open to alliances but it is more for the future shah said advt on whether the future alliances would be technology or equity partnerships he said we are open to all sorts of possibilities at this stage but at this point it is too early to say because we will have to have a lot of conversations once we do that we will have a better sense bullish on the ev market in india he said for the last mile which is threewheelers and small fourwheelers for passengers and load the cost of ownership is now the same as that of conventional vehicles with charging not an issue due to swappable batteries so that segment we