Latest Breaking News On - Mahindra electric automobile limited - Page 2 : comparemela.com

Mahindra electric: M&M to invest to Rs 12,000 cr in EV biz; timeframe for BII s Rs 1,925 cr investment extended

Mahindra & Mahindra (M&M) board approved a Rs 12,000 crore investment in its electric arm MEAL over three years. The company aims to fund its capital needs from operating cash and extended the timeframe for BII s Rs 725 crore investment. BII and Temasek previously invested in MEAL for electric SUV development.

United kingdomUnited british international investmentMahindra electric automobile limitedUnited kingdom development finance institutionKingdom based british international investmentDevelopment finance institution

M&M to invest Rs 12,000 crore in its EV unit; extends timeframe for BII s Rs 1,925 cr investment

So far, BII has invested Rs 1,200 crore while Temasek invested Rs 300 crore in Mahindra Electric Automobile Limited (MEAL). Temasek will invest the balance Rs 900 crore as per agreed timeline, the company said.

United british international investmentMahindra electric automobile limitedMahindra ltdMahindra electric automobileElectric automobile limited

Mahindra & Mahindra To Invest Rs 12,000 Crore In Its EV Unit

Mahindra & Mahindra To Invest Rs 12,000 Crore In Its EV Unit
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

New delhiUnited kingdomBritish international investmentsMahindra electric automobile limitedMahindra electric automobileAutomaker mahindraElectric automobile limited

Mahindra & Mahindra To Invest ₹12,000 Crore In Its EV Unit

Mahindra & Mahindra To Invest ₹12,000 Crore In Its EV Unit
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

United kingdomBritish international investmentsMahindra electric automobile limitedMahindra electric automobileAutomaker mahindraRepresentative imageElectric automobile limited

Mahindra EVs: M&M to invest INR 12,000 crore in MEAL over next 3 years to boost EV strategy, ET Auto

Mahindra EVs: The investment will be done for the next three years to accelerate the growth of 4 (Four) wheel passenger EV business and to achieve growth capital to fund the said business. “MEAL will significantly leverage the manufacturing capabilities and product development of the Company as also the ecosystem of suppliers, dealers and financiers of the company,” stated its exchange filing.

New delhiMahindra electric automobileMahindra electric automobile limited