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Mahindra, Kinetic may form JV

Posted by Yogesh on Thursday, 31 July, 2008

MUMBAI, July 30 – Mahindra & Mahindra Ltd is considering entering into a joint venture with Kinetic Motor for manufacturing two-wheelers, a source close to the development said on Wednesday.

Mahindra, India’s top utility vehicle and tractor maker, would hold an 80 percent stake in the new firm, which would be called Mahindra Kinetic Ltd, with Kinetic holding the rest. Source Reuters

This entry was posted on Thursday, 31 July, 2008 at 8:39 pm and is filed under Corporate News. Tagged: , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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