Question
World Bank arm IFC is investing Rs _____ crore in a new
last-mile mobility company wholly owned by Mahindra and Mahindra (M&M).Solution
In a bid to scale up the penetration of affordable electric three-wheelers and small commercial vehicles (SCV), World Bank arm IFC is investing Rs 600 crore in a new last-mile mobility company wholly owned by Mahindra and Mahindra (M&M). The firm will be a newly incorporated company (NewCo).
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