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Article: Navistar Affiliate Enters JV with Mahindra & Mahindra to Manufacture Diesel Engines in India.
- Article from:
- Business Wire
- Article date:
- November 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Joint Venture To Make Truck, Bus Diesels With Locally-Sourced Components To Supply Fast-Growing Indian Automotive Markets
WARRENVILLE, Ill. -- A wholly owned affiliate of Navistar International Corporation (Other OTC: NAVZ), today signed a joint venture agreement with Mahindra & Mahindra Ltd. of India to produce diesel engines for medium and heavy commercial trucks and buses in India.
The joint venture, to be named Mahindra International Engines Ltd. (MIEL), will be 51 percent owned by Mahindra & Mahindra (M&M) and 49 percent owned by Warrenville, Ill.-based Navistar, North America's largest combined commercial truck, school bus and mid-range diesel ...