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flag Mahindra & Mahindra and Shaanxi Automobile Group plan a $3B joint venture for an export-oriented car plant in India, pending government approval.

flag 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. flag Located in Gujarat, the plant will focus on export-oriented manufacturing, producing assembled cars, engines, and car batteries. flag The venture awaits government approval amidst India's review of its regulatory stance on Chinese investments.

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