With a plan to invest over USD 1 billion in electric vehicle ambition, Mahindra & Mahindra on Thursday raised, Rs 1,925 crores / USD 250 million at a valuation of up to Rs. 70,070 crores / USD 9.1 billion from British International Investment into a new 4 Wheel Passenger Electric Vehicle Co. to be set up by Mahindra & Mahindra Ltd.
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