Mahindra Group seeks to raise $1.3 billion for new EV company

  • Mahindra Group is looking to raise $1.3 billion for a new electric vehicle (EV) company.
  • The Group is engaged with large global private equity (PE), ESG-focused funds, and sovereign funds for long-term investment in its EV business.
  • Mahindra Group is also hiving off a stake in its EV business.
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