# 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.

- Type: Acquisition
- Announced: 2019-10-01
- Where: India, India
- Value: $275.0M (19.3B INR)
- Status: announced
- Products: Ford brand vehicles, Mahindra brand vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ford Motor Company](https://endata.com/companies/3544.md) (target)
- [Mahindra & Mahindra](https://endata.com/companies/30042.md) (acquirer)

## Sources

- [mahindra.com](https://www.mahindra.com/news-room/press-release/en/mahindra-and-ford-announce-a-joint-venture-to-drive-profitable-growth-in-india-and-emerging-markets), 2019-10-01: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.