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Mahindra and Ford Motor Co call off proposed JV citing pandemic

Mahindra and Mahindra’s (M&M) second stint with Ford Motor Co as a joint venture partner has ended before it could start.
The two companies have called off the proposed equity collaboration as part of which Ford would have ceded control of the Indian subsidiary to Mahindra. With the JV off the table, the duo will pursue independent strategies in the world’s fifth largest auto market. Meanwhile, M&M is also expecting to conclude a deal with a potential buyer for sale of its stake in Ssangyong Motor Co by February end.
Both the developments reinforce the strategy of a tighter capital allocation which the Anand Mahindra-led firm embarked upon in the beginning of the ongoing fiscal. It also is an indication of the far reaching implications of the Covid-19 pandemic and its impact on the business plans of companies in India and globally. ....

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Mahindra pulls the plug on Ford and Ssangyong amid covid crisis

M&M, Ford pull the plug on joint venture
In 2018, Ford and Mahindra announced an initial agreement for a joint venture with equity participation of 51%:49%, to develop a new sports utility vehicle on a Mahindra platform and a small electric vehicle
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Mahindra and Mahindra Ltd and Ford Motor Co. said that the global disruptions brought about by covid-19 and the ensuing change in capital allocation priorities forced them to abandon a proposed partnership for engine and vehicle development in India.
The move is a blow to Mahindra’s plans to get access to manufacturing capacities and new technologies for engines and connected vehicles. At the same time, Ford will have to continue its independent battle to garner a bigger share of India’s market where it has lagged most of its rivals despite a more than two-decade-long presence. ....

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SsangYong's Bankruptcy Filing Brings To Light Mahindra & Mahindra's Struggle With Partnerships

SsangYong's Bankruptcy Filing Brings To Light Mahindra & Mahindra's Struggle With Partnerships
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Mahindra to hike passenger, commercial vehicle prices from Jan 1

Mahindra to hike passenger, commercial vehicle prices from Jan 1
Mahindra & Mahindra said the price hike decision has been taken in wake of the increase in commodity prices and various other input costs
BusinessToday.In | December 15, 2020 | Updated 19:11 IST
Mahindra & Mahindra to increase passenger, commercial vehicle prices from Jan 1
Mahindra & Mahindra (M&M) on Tuesday said that it will increase prices of its passenger and commercial vehicles from January 1, 2021. The decision to hike prices has been taken due to rise in commodity prices and various other input costs.
The Anand Mahindra-led auto major, however, did not disclose the quantum of price hike. Details of the price increase across different models will be communicated in due course, it said. ....

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