M&M raises Rs 1925 crore for EV arm

The funds will be  utilised primarily to create and market a world-class electric SUV portfolio with advanced technologies.

08 Jul 2022 | 5543 Views | By Autocar Pro News Desk

The British International Investment (BII), the UK’s development finance institution and  Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs 1925 crore each into a wholly-owned subsidiary of M&M that will be newly incorporated, the company said in a statement late on Thursday.  

BII ...

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