In a stock exchange filing Mahindra said that there were no plans to split its auto business into three units.
The Economic Times newspaper had reported the Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, citing sources familiar with the matter.
“The company …considers it necessary to clarify to the stock exchanges that there are no plans to split the auto business of the company into three units,” the car maker said in a filing to the exchanges.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Vinay Dwivedi and Rashmi Aich)
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)