Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon

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The story "Mahindra &amp; Mahindra and Skoda Volkswagen to sign joint venture soon" was covered 2 days ago by Business Standard, a news publisher based in India.

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Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon - Business Standard

Quick Summary:

Skoda Auto VW has extensive land assets that could be utilised to set up additional manufacturing facilities in India.

If this JV materialises, M&M will gain access to Skoda Volkswagen’s manufacturing capacity of 300,000 units annually, alongside the European brand's technological prowess and global systems.

Skoda Auto Volkswagen has also signed a memorandum of understanding (MoU) with the state government of Maharashtra for an investment of Rs 15,000 crore.