Global Business

Mahindra & Mahindra and Renault pot up a joint venture The automobile groups Mahindra & Mahindra and Renault pack decided to join forces to learn and commercialise Logan, certain by Renault, in the Indian mart in 2007. The two groups cereb posit a framework understanding for setting up a joint venture in India with Mahindra retaining a 51 per centimeime share and Renault 49 per cent. The JV impart be called Mahindra Renault Ltd. The estimated confound amount volition be 125 million euros. The censure provides for the production of Logan from the first half of 2007 in a first Mahindra & Mahindra facility. The capacity of the manu mill for Logan will be 50,000 cars per year. The state-of-the-art factory will offer a stamping condescend, a paint keep going with a top look pretreatment and an assembly line little for Logan. The quality of Indian sepa step manufacturers and the bearing of a egress of international suppliers in India will allow a rate of localisation of 50 per cent from the beginning of the project. A the right way hand snub interpreting of Logan will be actual by Renault in compact with Mahindra to meet the needs of Indian and other right-hand drive merchandiseplaces. Logan will be commercialiseed downstairs the brand of Mahindra Renault. Mahindra & Mahindra will delectation its extensive dealer net profit to distribute the Logan in India.

With a population of more than 1 billion inhabitants, India has experienced well-set economic growth, passing 8% in 2004. The automobile grocery progressed by 68% amid 1998 and 2003, attain 1,040,000 vehicles in 2004 with a label preference for humble and forte segment cars (A,B & C). With this agreement, Mahindra & Mahindra, the fourth largest Indian vehicle manufacturer and a specialist in gain vehicles (SUV, Pick-up) will buy the recruit its range to passenger cars, a particularly lively market segment in India. securities industry leader in India for SUVs, with market share of 49% in 2004 in UV segment, it hopes to set in motion its presence in the car market. indicate in various sectors of...If you loss to get a wide of the mark essay, order it on our website: Ordercustompaper.com

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