Renault SA and local auto maker Mahindra and Mahindra Ltd. reach an agreement to build the Logan in India beginning in 2007. Production will be managed under a joint venture, with Mahindra owning a 51% stake and Renault controlling the remaining 49%. Cost for the venture is estimated at €125 million ($165 million), with production seen reaching 50,000 units annually. The pact ends weeks of rumors the two manufacturers would come together to expand the reach of the Logan to markets ...
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