Ford Mahindra Jv Suv
This new compact suv is expected to be the next generation ford ecosport.
Ford mahindra jv suv. It is expected that ford will launch an all new compact suv which could either be based on the mahindra xuv300 s platform or the existing fiesta s platform. Mahindra s contribution to this jv will be 657 crore while ford will be investing 632 crore. The jv with ford where mahindra holds controlling stake has been going strong. This upcoming suv will be a product of the recently formed jv between mahindra and ford with the former holding majority stakes homegrown carmaker mahindra and american giant ford last year announced a jv wherein the two would co develop market and distribute ford vehicles in the indian market.
In the mahindra ford jv the indian automaker will have 51 per cent controlling stakes ford will have 49 per cent stakes the new joint venture company is expected to become operational by mid 2020 subject to regulatory approval. These models are expected to be launched in the country in 2021 22. This jv is expected to be operational by mid 2020 and is valued at rs 1 925 crore. The jv is also expected to develop 2 new compact suv.
The jv between mahindra mahindra and ford motor company will see the introduction of one compact suv for both built on a shared platform with the same engine options. Mahindra ford jv s 1st suv will challenge kia seltos in india. Can be priced under rs 15 lakh. According to recent reports the upcoming kia seltos rival from ford and mahindra will be built on the former s vx 772 platform.
Ford chairman bill ford addressed the media gathering in mumbai via a video call and said that ford will continue to build vehicles in india for india. The jv is now developing 3 all new suvs including a compact suv a mid sized suv and an all new c segment suv. Mahindra and ford recently announced a new joint venture that will see both carmakers co develop market and sell vehicles in india and other emerging markets across the world. 5 facts the indian car company mahindra and the american car maker giant ford entered into a joint.
According to both companies this new jv.
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