Car manufacturing companies in India have taken a new mood: Indian carmaker Mahindra and American company Ford have joined hands and now these two big companies will work together. Let us tell you that both companies will work together on a joint venture of 1925 crores. According to the information, from the middle of the year 2020, these two companies will start working together, which will benefit both companies.
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The point here is that in 2017, Maruti Suzuki and Toyota joined hands, after which the Maruti Suzuki Baleno was launched as Toyota Glanza in 2016 with the rebadging of Toyota. The objective of these two companies was also to make more profits together and now Mahindra and Ford have also taken the first step in this direction. Ford and Mahindra can also reboot and launch each other's cars as Maruti and Toyota did.
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It is being speculated that Ford cars can be relaunched with Mahindra's tag. This will not only increase the sales of Ford and Mahindra cars but will also benefit customers. Let us tell you that in the joint venture, Mahindra will have 51 per cent shares with Rs 657 crore, while the remaining shares will remain with Ford. Under this deal, Ford's Indian business is being considered to be transferred to JV. The company has assembling plants in Chennai and Sanand.
