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British impact investor BII to invest Rs 1,925 cr in Mahindra's four-wheeler EV biz - Jammu Kashmir Latest News | Tourism

NEW DELHI, July 8: Impact investor British International Investment (BII) will invest Rs 1,925 crore in Mahindra & Mahindra’s new electric vehicle arm. As per an agreement between the two partners, the new electric vehicle company — EV Co, is envisaged to have a total capital infusion of around Rs 8,000 crore/USD 1 billion between financial year 2024 and fiscal year 2027 for planned product portfolio. M&M and BII will invest Rs 1,925 crore each in EV Co, which would […] ....

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