India’s Mahindra buys Reva stake as GM exits
Leading Indian utility vehicle maker Mahindra & Mahindra Ltd. has agreed to buy a majority stake in Reva Electric Car Co. Ltd., the companies said Wednesday, as General Motors exits its partnership with the pioneering electric car company.
Mahindra’s global ambitions are growing and the deal gives it entry into the worldwide market for electric vehicles, which has attracted players including Nissan, Toyota, Ford and General Motors.
[Source & read more: Forbes]
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