Indian automaker Mahindra mulls investing in EV battery cell company to secure supplies
M&M has signed a binding agreement with (BII to invest USD250 million each in a wholly owned subsidiary dedicated to the development, production, and sales of electric cars
Mumbai-based vehicle manufacturer Mahindra and Mahindra Ltd (M&M) could consider investing in a battery manufacturing company to secure appropriate supply of batteries for its future electric vehicle (EV) line up, a Reuters news report published on 10 July 2022 said, citing the company CEO.
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