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CCI approves M&M & Ford joint venture

By Niranjan Mudholkar,

Added 13 February 2020

JV named Ardour Automotive Private Limited

handshake

The proposed combination also envisages the transfer of the automotive business (except powertrain business at Sanand) of Ford India Private Limited (FIPL) to the joint venture

The Competition Commission of India (CCI) has approved the formation of a joint venture between Mahindra & Mahindra and Ford Motor Company and the transfer of the automotive business of Ford India to the joint venture. The proposed combination envisages the formation of a joint venture, namely Ardour Automotive Private Limited, between Mahindra and Mahindra Limited (M&M) and Ford Motor Company (FMC); and the transfer of the automotive business (except powertrain business at Sanand) of Ford India Private Limited (FIPL) to the joint venture. 
Detailed order of the Commission will follow.

END

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