TEMASEK TO INVEST $145M IN INDIAN MAHINDRA And MAHINDRA EV UNIT
Singaporean state investor Temasek will invest INR 1,200 crore ($145.02 million) into Indian automaker Mahindra & Mahindra Ltd’s electric vehicle (EV) unit for up to 3 percent stake. Mahindra & Mahindra said in a statement on Thursday that the firm and Temasek have…
MAHINDRA LAST MILE MOBILITY IS INDIA’S NO.1* ELECTRIC 3-WHEELER MANUFACTURER IN FY’23
Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra, has cemented its No.1* electric 3-wheeler manufacturer status in FY23. During this period, LMM sold 36,816 EVs and had a market share of 14.6%*. This is significantly up from…
Mahindra BE.05 Electric SUV Interiors Teased
The BE.05 electric SUV was recently spotted testing in India. Spy shots revealed a single unit of the fully camouflaged test mule based on the concept that was unveiled in August last year. Now, a new teaser shared on the web gives…
MAHINDRA XUV400 SETS UNPRECEDENTED RECORD AS THE FIRST EV TO TRAVEL ACROSS RANN OF KUTCH ON A SINGLE CHARGE
Mahindra & Mahindra Ltd., a pioneer in the SUV segment, has achieved a new milestone today, with its first e-SUV, the Mahindra XUV400, entering the India Book of Records. The XUV400 has become the first electric vehicle (EV) to successfully…
Mahindra Considering Funding Options For EV Supercar Unit
Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, according to a report. The Munich-based luxury electric vehicle unit had…
Ford, Mahindra Call Off Auto Joint Venture
Ford Motor Co said it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes…
Israel’s REE Automotive Working On More Collaborations Following Mahindra EV Deal
Israel’s REE Automotive, developer of a rolling chassis for electric vehicles, expects to sign more collaboration deals in coming months following its agreement with Indian carmaker Mahindra and Mahindra. REE and Mahindra signed a memorandum of understanding last month to…
Mahindra And REE Explore Joint Development Of Electric Commercial Vehicles
Mahindra & Mahindra, part of Mahindra Group, and REE Automotive have signed a memorandum of understanding (MOU) to explore the development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s electric vehicle corner…
Mahindra Seeks Investors For Electric Vehicle Business
Indian automaker Mahindra & Mahindra is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group’s managing director said. The automaker wants to be a key player in…
Mahindra’s Urban Green Last-Mile Vehicle ‘Atom’ To Be Launched Next Year
Mahindra and Mahindra teased its upcoming electric quadricycle Atom. The 4-seater vehicle, to be marketed as an urban green last-mile connectivity vehicle, is expected to be launched sometime next year. The Atom was earlier showcased during the Auto Expo 2020…
