Friday, 24 March, 2023

To secure supplies, Mahindra & Mahindra is open to investing in an EV battery cell maker: CEO

<p>India&#39;s Mahindra &amp; Mahindra, which just secured money for its new electric vehicle (EV) unit at a $9.1B valuation, may think about investing in a battery-cell business to satisfy future electrification needs, according to its CEO. In order to obtain EV parts like batteries and motors, Mahindra raised $250M from British International Investment for the division. The company is also considering a partnership with Volkswagen AG.</p>