Mahindra & Mahindra, India’s biggest sports utility vehicle maker by revenue, is in advanced talks with British International Investment (BII) and some other global investors to raise up to ₹5,000 crore ($605 million) for its electric vehicles (EV) unit, multiple people aware of development told ET.
If the discussions on Mahindra Electric Automobile do lead to a favourable conclusion, the British development financier will be making its second-round investment in the
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