Mahindra’s new EV unit to receive 600 crore investment from IFC group.
The World Bank Group arm IFC has invested Rs.600 crore in last-mile mobility(LMM) company, a subsidiary of of Mahindra & Mahindra, which will be newly incorporated (NewCo.). The NewCo will house three wheelers which are Alfa, Treo, Zor and four-wheeler like SCV (Jeeto). According to press release, “IFC’s first investment in an EV manufacturer in … Read more