This comes as a bit of a surprise, that the joint venture (JV) between Mahindra & Mahindra and Ford Motor Company is off the table due to the ongoing pandemic situation. The pandemic has cause businesses all over the world to reevaluate their plans for the times to come. Automobile companies, just like all the other companies, had to make changes to their list of priorities in order to compensate for the losses made during 2020. Therefore, this joint venture had to be called off at this moment. Ford has stated that. it will carry on in India as an independent car manufacturer, like previously.
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What was the agreement?
Even though the joint venture may be called off, the joint projects will go on. This means that Mahindra will manufacture products for Ford as a result of its manufacturing tie-up. According to the business transfer and subscription agreement executed by Mahindra and Ford in…
