M&M looks for investors for electric vehicle business

Indian automaker Mahindra & Mahindra is looking for financial or strategic investors for Mahindra Electric, the group's electric vehicle (EV) business. The firm wants to be a key player in mass-market EVs, MD Pawan Goenka said. The company is also aiming for the high-end market through its Europe-based Automobili Pininfarina unit, which is building Battista, an electric sports car.