Mahindra and Mahindra have denied reports suggesting a $3 billion joint venture between Indian automaker and China's Shaanxi Automobile Group to build a car manufacturing plant in India. The automaker has called the Reuters report 'unfounded' and stated that there is no truth in the matter. The report claims that Mahindra will own a majority stake in the proposed manufacturing venture and has sought approval from the Modi-led government for the Chinese investment.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.