Indian utility-vehicle maker Mahindra & Mahindra Ltd. buys into an alliance with General Motors Co. by taking a 55.2% stake in Reva Electric Car Co. Ltd. The Bangalore-based company will be renamed Mahindra Reva Electric Vehicle Co. Ltd. The deal thrusts Mahindra into the growing global EV industry, which is just starting to catch on in India. Under the agreement signed today, Mahindra will hold a majority share in Mahindra Reva by buying part of the founders’ stake and injecting a ...
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