Mahindra to buy stake in electric car firm -source

Newswire

MUMBAI, May 26 (Reuters) - India's Mahindra & Mahindra is set to announce on Wednesday it is buying a stake in an electric car company, a source with direct knowledge of the matter said on Wednesday. Mahindra, India's largest utility vehicles and tractor maker, will be make an announcement at 11:45 a.m. (0615 GMT) in the southern Indian city of Bangalore, where the Reva Electric Car Company is headquartered, he said. Details of the transaction were not immediately available. Reva, ...

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