India's Mahindra, China's Shaanxi seek nod for $3b JV

India's Mahindra, China's Shaanxi seek nod for $3b JV

Photo: Reuters

Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval, sources told Reuters.

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