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Showing Result for Tag #EV.
Search Result for Tag (5 Results)
Showing Result for Tag #EV.
Mumbai, August 3, 2023 – Mahindra & Mahindra Ltd., a leader in automotive, farm, and services businesses, and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest INR 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicle company.
Temasek will invest INR 1,200 crore in the form of Compulsorily Convertible Preference Shares (‘CCPS’) at a valuation of up to INR 80,580 crore, resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL.
Mahindra intends to explore NXP's extensive portfolio, innovative automotive system solutions, and expertise in zonal and domain controllers, electrification, advanced vehicle networks, and secure car access technologies for their upcoming platforms
The XUV700 has achieved this milestone in less than 20 months, becoming the fastest SUV from the Mahindra portfolio to reach this milestone
Mumbai, July 05, 2023: Mahindra & Mahindra Ltd., the leading SUV maker, is proud to announce the delivery of the 1,00,000th unit of its flagship SUV, the XUV700.
LMM has also sold a whopping one lakh 3-wheeler EVs till now thereby strengthening its No.1* 3-wheeler EV manufacturer position.