Mahindra to invest USD 400 million in joint venture plant  [ India ]

Mahindra & Mahindra (M&M) and Jiangsu Yueda Yancheng Tractor Manufacturing Co., Ltd. unveiled a plan to make an additional investment of US$400 million in their joint venture plant to manufacture tractors. Approximately US$18 million will be for building a R&D center and an engine plant, and the remaining US$22 million for updating the existing plant and increasing its production ca...
<Dec 01, 2009>