UK's BII to invest in new Mahindra EV unit at $9.1b valuation

UK's BII to invest in new Mahindra EV unit at $9.1b valuation

Photo: Reuters

India’s Mahindra and Mahindra Ltd said on Thursday that the automaker and British International Investment (BII) would each invest up to $250 million in a new electric vehicle subsidiary at a valuation of $9.1 billion.