India's Mahindra eyes bigger truck share from JV

Newswire

MUMBAI, Nov 17 (Reuters) - Mahindra & Mahindra Ltd. , India's top utility vehicle and tractor maker, said on Thursday it planned to garner a larger share of India's bus and truck market from a joint venture with Navistar's unit. Mumbai-based Mahindra will hold 51 percent in the joint venture -- first announced in June -- with the rest held by International Truck & Engine Corp., a wholly-owned unit of Illinois-based Navistar Internatonal Corp. . "We understand we're attacking an ...

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