In a significant move that marks a new chapter in the electric vehicle industry, Temasek, the renowned Singapore-headquartered investment firm, has executed a binding agreement to invest Rs. 1200 crores into MEAL (Mahindra Electric Automobile Limited). Temasek’s Strategic Investment in Mahindra Electric Automobile Limited This substantial investment will be made in the form of Compulsorily […]
Mahindra & Mahindra, a major player in India’s automotive, farm, and services sectors, has signed a memorandum of understanding (MoU) with NXP Semiconductors, a global leader in secure connectivity solutions for embedded applications. This association is set to focus on the exploration of the electric and connected vehicle landscape, spanning various vehicle types such as […]
Indian automobile manufacturer Mahindra & Mahindra said that it will invest INR 10,000 crores to build an electric vehicle (EV) manufacturing plant in Pune. The company said that its investment, which will be made over a period of 7-8 years, has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles. Mahindra & […]
Mahindra Group said that it will establish an open advanced design center for mobility products in the UK in the West Midlands, which will operate as Mahindra Advanced Design Europe (M.A.D.E). According to the Indian conglomerate, the new center of excellence (CoE) will come under the Mahindra Global Design Network, which includes the Mahindra Design […]