For electric vehicles, Mahindra establishes EV Co subsidiary.

For electric vehicles, Mahindra establishes EV Co subsidiary

Indian automaker Mahindra has set up a wholly owned subsidiary called EV Co.

Mahindra and British International Investment in EV Co. Rs. 1,925 crores has been agreed to be invested.

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As per the agreement signed by BII and Mahindra, the British International Investment of Rs. 1,925 crore will be invested

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The investment form of compulsory convertible instruments. 70,070 crores.

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Mahindra's first new vehicle is expected to be the result of the EV Co.

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New Electric Subsidiary and Partnership with BII Dr Anish Shah, MD & CEO,

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Mahindra & Mahindra Limited said: “We are very excited to partner with BII on our SUV electric journey.

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We found a like-minded long-term partner committed to tackling the climate emergency.

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Mahindra Group aims to be Planet Positive by 2040.

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Mahindra is a leader in the field of electric vehicles

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They are confident that we will be a leader in the electric SUV market in the future.

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