Mahindra & Mahindra announced that British International Investment (BII) will invest Rs 1,925 crore ($250 million) in a new four-wheeler passenger electric vehicle company to be established by the Indian auto major. The…
In order to establish a new four-wheel Passenger Electric Vehicle business, Mahindra & Mahindra has announced raising Rs 1,925 crore from the British International Investment (BII). The newly created EV subsidiary would receive…
Mahindra & Mahindra (M&M), British International Investment (BII), the UK’s development finance institution and impact investor, and M&M have signed a legally binding agreement to invest up to Rs 1,925 crore ($250 million)…
Vehicle makers and their component partners will spend more this year than in previous years on new capacity creation, new products, and technology development, confident that they have entered a robust demand upcycle….