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From 20 May 2022 to 1 June 2022
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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.
03 Aug,2023New Automobili Pininfarina PURA Vision design concept previews a new era of pure-electric luxury Elegant silhouette, dramatic proportions and clean surfaces showcase the company’s PURA design philosophy, envisioned as a dramatic electric Luxury Utility Vehicle (e-LUV) Sharp lines and modern aesthetic mark the beginning of an exciting new chapter for Automobili Pininfarina, embracing the DNA of 94 years of design heritage to shape the future PURA Vision will make its public world premiere during Monterey Car Week and inspires a new generation of Automobili Pininfa
02 Aug,2023