With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric.

The holding firm Mahindra & Mahindra Ltd. is involved in the production of automobiles.

An agreement has been signed between Temasek, a Singapore-based business.

Indian automaker M&M about a binding investment in the four-wheeler (4W) passenger electric car company.