In July 2022, British International Investment signed a pact with Mahindra Electric to invest Rs 1,925 crore via compulsory convertible preference shares Automaker Mahindra & Mahindra (M&M) is in advanced discussions with British International Investment (BII) and some other global investors to raise up to Rs 5,000 crore ($605 million) for its electric vehicles (EV) […]
Toyota engages with critics of its EV push – EQ Mag Pro
Auto maker is seeking meetings with investors and environmental groups that have questioned its commitment to greener cars Toyota Motor Corp. TM -1.21%▼ wants to meet with critics who say it is behind rivals in the race for greener cars, nearly a year after the auto maker pledged to spend billions of dollars expanding its […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]