India's Mahindra Hasn't Made Call on Brazil Plant

Newswire

NEW DELHI, June 20 (Reuters) - Mahindra and Mahindra Ltd , India's biggest sports utility vehicle (SUV) maker, said on Friday it had no 'definitive' plans about setting up a manufacturing plant in Brazil, as reported by newspaper. The Financial Express daily reported on June 17 that Mahindra was considering building a manufacturing plant in Brazil to circumvent local tax barriers, quoting Pawan Goenka, president of the company's automotive division. "Dr. Goenka has ...

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