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. Read The Rest at :
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