Mahindra and Ford form joint venture for India and emerging markets

Mahindra & Mahindra and Ford Motor Company signed a definitive agreement to create a joint venture, with Mahindra owning 51% and Ford 49%, valued at INR 1,925 crores (US$275 million). Ford will transfer its India operations including assembly plants in Chennai and Sanand to the JV, expected to be operational by mid-2020.

“Mahindra & Mahindra Limited and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and distribute Ford brand vehicles in India.”mahindra.com

• 1 source
• mahindra.comMahindra and Ford Announce a Joint Venture To Drive Profitable Growth in India and Emerging MarketsMahindra GroupOct 1, 2019

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