M&M inks a JV with International Truck & Engine Corporation,USA

Mumbai: Mahindra & Mahindra, the US $2.59 billion Indian automotive conglomerate, today signed a 51:49 joint venture with International Truck & Engine Corporation, USA, to manufacture trucks and buses in India. International Truck is the North American leader in medium and heavy trucks and buses and the world’s largest manufacturer of medium duty diesel engines.