Ford and Mahindra & Mahindra have formed a joint venture (JV) that will create economies of scale in India across areas including sourcing and access to technologies.
Under the deal Mahindra will own 51% and Ford 49%. Ford will transfer its India operations, including staff and assembly plants in Chennai and Sanand, over to Mahindra, but it will retain its engine plant in Sanand and its Global Business Services unit.
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