Login To Trade  |  About IIFL
  • NIFTY  8119.3  168.4 2.12%
  • SENSEX 26785.55  564.6 2.15%
  1. General
  2. Others

  3. Others

M&M completes buyout of Navistar stake in JVs

India Infoline News Service | Mumbai | February 13, 2013 10:39 IST


Mahindra & Mahindra Ltd has reportedly completed the buyout of Navistar Group's stake in the two joint ventures, Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).

Pawan Goenka,M&M president - automotive and farm equipment was quoted as saying,"Mahindra remains committed to growing its presence in the Indian commercial vehicle industry with Mahindra's truck and engine businesses continuing to play a critical role in helping us achieve this goal."

M&M has bought the remaining 49-per cent stake in the joint venture with US-based Navistar International Corp, reports added.

BSE 1,270.35 21.85 (1.75%)
NSE 1,270.70 20.65 (1.65%)

***Note: This is a NSE Chart

Views on 500 Stocks...Click Here!

Read more on: Mahindra  &  Mahindra  Ltd,Mahindra  Navistar  Automotives  Lt 
M&M completes buyout of Navistar stake in JVs
M&M completes buyout of Navistar stake in JVs
February 13, 2013 10:39 IST
Mahindra & Mahindra Ltd,Mahindra Navistar Automotives Ltd
Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.