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Temasek to Invest ₹12 Billion in Mahindra’s Four-Wheeler EV Firm

Temasek will hold a 1.49% to 2.97% stake in the firm

August 7, 2023

/ Gautamee Hazarika
/ Electric Vehicles, Finance and M&A
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India’s automotive conglomerate Mahindra & Mahindra (M&M) has secured a ₹12 billion (~$145 million) investment from Temasek, a global investment firm headquartered in Singapore, to help boost its four-wheel electric vehicle (EV) footprint.

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Gautamee Hazarika

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ESGEV SubsidiaryinvestmentMahindra GroupSingaporeTemasek
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