India's Mahindra said to be in talks with green funds, PEs to raise up to $500m in EV push

India's Mahindra said to be in talks with green funds, PEs to raise up to $500m in EV push

Photo: Reuters

Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge of the matter told Reuters.