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SoftBank in talks to pick up minority stake in Mahindra Electric Mobility
Mahindra Electric Mobility, one of the country’s largest electric vehicle (EV) manufacturers, is in preliminary talks with Japanese giant SoftBank for an alliance which could include taking minority stake in the company. The company, in which Mahindra & Mahindra (M&M) is the key investor, publicly announced a few weeks ago that it would look for a private equity investor or a strategic investor to scale up its operations, though M&M will continue to stay as a big investor. Read More
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