M&M to buy Navistar’s stake in India CV and engine joint ventures

Mumbai, December 18, 2012: Mahindra & Mahindra (M&M) plans to purchase the Navistar Group’s stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).

18 Dec 2012 | 4194 Views | By Autocar Pro News Desk

Mumbai, December 18, 2012: Mahindra & Mahindra (M&M) plans to purchase the Navistar Group’s stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL). Following the purchase, both MNAL and MNEPL will become wholly owned subsidiaries of M&M, which will take complete ownership of operations and ...

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