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Last Updated : Apr 18, 2019 11:48 AM IST | Source: Reuters

Mahindra & Mahindra signs deal with Ford to make midsize SUVs in India

Ford and affiliate companies will invest 6.80 billion rupees for the development of the vehicles over a period of 10 years, Mahindra said in a statement.

Automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co’s Indian unit to jointly develop midsize sports utility vehicles in India, the company said on April 18.

Ford and affiliate companies will invest 6.80 billion rupees ($97.97 million) for the development of the vehicles over a period of 10 years, Mahindra said in a statement.

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First Published on Apr 18, 2019 11:37 am
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