Temasek Invests Up to $9.8 Billion in Mahindra’s EV Subsidiary, Valuing It at Rs. 80,580 Crore
Mahindra & Mahindra Ltd., a prominent player in the automotive, farm, and services sectors, has reached a binding agreement with Temasek, the global investment firm headquartered in Singapore. The agreement entails Temasek’s investment of Rs. 1200 crores into MEAL (Mahindra Electric Automobile Limited), a company focused on producing four-wheeler (4W) passenger electric vehicles. This investment … Read more