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Reputation: 642,713  •  Aug 4, 2023 5:11 AM
Mahindra's EV unit raises $145 million from Temasek
Mahindra's EV unit raises $145 million from Temasek
Temasek will take up to a 3% stake in the company, which last year raised up to $250 million from British International Investments (BII) at a valuation of as much as $9.1 billion. The automaker is aggressively trying to lift the share of its electric SUVs in a market that is dominated by larger rival Tata Motors, as the government pushes to grow EV sales to 30% by 2030 from less than 2% on Thursday
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
#TATAMOTORS #M&M

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