{"id":4255,"date":"2022-09-23T10:34:32","date_gmt":"2022-09-23T10:34:32","guid":{"rendered":"https:\/\/gulftimes.ae\/mahindra-preparing-to-become-king-of-ev-sector-will-invest-500-million\/"},"modified":"2022-09-23T10:34:32","modified_gmt":"2022-09-23T10:34:32","slug":"mahindra-preparing-to-become-king-of-ev-sector-will-invest-500-million","status":"publish","type":"post","link":"https:\/\/gulftimes.ae\/?p=4255","title":{"rendered":"Mahindra preparing to become king of EV sector, will invest $500 million"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h3>New Delhi<\/h3>\n<p>Mahindra Group and British International Investment on Friday announced that they will invest $500 million (Rs 4,000 crore) in the upcoming electric SUV segment.<\/p>\n<p>British International Investment (BII), which is already invested in EV ventures, has announced an investment in collaboration with Mahindra Group, a company spokesperson said.<\/p>\n<p>As per the agreement between the two companies, the new EV venture will see a capital infusion of $1 billion across the planned product portfolio between FY24 and FY27.<\/p>\n<p>A company spokesperson further said that BII and Mahindra Group have decided to invest $500 million in the electric SUV space.<\/p>\n<p>In future, we look forward to partnering with BII to bring eco-minded investors into EV Ventures, so that we can further strengthen our business.<\/p>\n<h2>Mahindra\u2019s big preparation in EV sector<\/h2>\n<p>Mahindra is looking very aggressive in the Indian market after Tata regarding the electric SUV segment. Earlier this month Mahindra introduced its first electric SUV XUV 400 (Mahindra XUV 400 Electric). This SUV can be launched by the company early next year.<\/p>\n<p>Mahindra is working on big plans for the future in the EV sector. At a UK auto show, the company introduced five concepts of electric SUV models. These were introduced under the company\u2019s brands XUV and BE. The company plans to launch them by 2026.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/theasialive.com\/mahindra-preparing-to-become-king-of-ev-sector-will-invest-500-million\/2022\/23\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi Mahindra Group and British International Investment on Friday announced that they will invest $500&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-4255","post","type-post","status-publish","format-standard","hentry","category-asia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mahindra preparing to become king of EV sector, will invest $500 million - Gulf Times | News by the minute<\/title>\n<meta name=\"description\" content=\"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theasialive.com\/mahindra-preparing-to-become-king-of-ev-sector-will-invest-500-million\/2022\/23\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mahindra preparing to become king of EV sector, will invest $500 million\" \/>\n<meta property=\"og:description\" content=\"Gulf News| UAE&#039;s Largest News aggregator site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theasialive.com\/mahindra-preparing-to-become-king-of-ev-sector-will-invest-500-million\/2022\/23\/\" \/>\n<meta property=\"og:site_name\" content=\"Gulf Times | News by the minute\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/100084981843786\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-23T10:34:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/theasialive.com\/wp-content\/uploads\/2022\/09\/mahindra-xuv-jpg.webp\" \/>\n<meta name=\"author\" content=\"gulftimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:site\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gulftimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mahindra preparing to become king of EV sector, will invest $500 million - 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