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Mahindra & Mahindra and Shaanxi Automobile Group plan a $3B joint venture for an export-oriented car plant in India, pending government approval.
Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group plan a $3B joint venture to establish a car manufacturing plant in India, with a majority stake held by Mahindra.
Located in Gujarat, the plant will focus on export-oriented manufacturing, producing assembled cars, engines, and car batteries.
The venture awaits government approval amidst India's review of its regulatory stance on Chinese investments.
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Mahindra & Mahindra y Shaanxi Automobile Group planean una empresa conjunta de $3B para una planta de automóviles orientada a la exportación en la India, en espera de la aprobación del gobierno.