M&M to invest Rs 12,000 crore in its EV unit; extends timeframe for BII's Rs 1,925 cr investment

So far, BII has invested Rs 1,200 crore while Temasek invested Rs 300 crore in Mahindra Electric Automobile Limited (MEAL). Temasek will invest the balance Rs 900 crore as per agreed timeline, the company said.
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