India’s Mahindra and Mahindra, others to invest $105 mln in two-wheeler unit

Indian automaker Mahindra and Mahindra MAHM.NS said on Wednesday that the company, along with external investors, will spend 8.75 billion rupees ($105 million) in its two-wheeler unit, Classic Legends, over the next two to three years. The ‘Scorpio’ car manufacturer, will invest 5.25 billion and the remaining will come from existing shareholders and new investors, … Continue reading India’s Mahindra and Mahindra, others to invest $105 mln in two-wheeler unit