{"id":595743,"date":"2023-08-04T09:30:57","date_gmt":"2023-08-04T04:00:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=595743"},"modified":"2023-08-04T10:05:19","modified_gmt":"2023-08-04T04:35:19","slug":"temasek-holdings-funding-drives-mm-ev-arm-valuation-to-rs-80000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/temasek-holdings-funding-drives-mm-ev-arm-valuation-to-rs-80000-crore\/","title":{"rendered":"Temasek Holdings funding drives M&amp;M EV arm valuation to Rs 80,000 crore"},"content":{"rendered":"<p>Mahindra &amp; Mahindra (M&amp;M) announced on Thursday that Singapore-based investment firm Temasek Holdings will invest Rs 1,200 crore in M&amp;M\u2019s four-wheeler passenger electric vehicle (EV) subsidiary, Mahindra Electric Automobile (MEAL), at a valuation of up to Rs 80,580 crore ($9.8 billion). This is 15 per cent more than the Rs 70,070 valuation MEAL fetched last year when British International Investment (BII) had invested.<\/p>\n<p>At a valuation of around $9.8 bn, this is one of the highest valuations fetched by any EV company in recent times. It assumes significance as M&amp;M&#8217;s electric portfolio is yet to launch apart from the XUV400 electric, said an analyst.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &amp; Mahindra (M&amp;M) announced on Thursday that Singapore-based investment firm Temasek Holdings will invest Rs 1,200 crore in M&amp;M\u2019s four-wheeler passenger electric vehicle (EV) subsidiary, Mahindra Electric Automobile (MEAL), at a valuation of up to Rs 80,580 crore ($9.8 billion). This is 15 per cent more than the Rs 70,070 valuation MEAL fetched last year when British International Investment (BII) had invested. At a valuation of around $9.8 bn, this is one of the highest valuations fetched by any EV company in recent times. It assumes significance as M&amp;M&#8217;s electric portfolio is yet to launch apart from the XUV400 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-595743","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=595743"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595743\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=595743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=595743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=595743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}