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Mahindra Auto, India and BII, UK to invest INR 19.25 billion in new EV subsidiary

On July 7, Mahindra and Mahindra announced that British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to INR 19.25 billion each into a wholly-owned subsidiary of M&M that will be newly incorpora....

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