Mahindra enters into Joint Venture with Ideal Motors for ...
· April 3, 2018, Colombo: Mahindra Mahindra Ltd., a part of the USD 19 billion Mahindra Group based in India, entered into a joint venture last week with Ideal Motors Ltd., a fully owned subsidiary of the Ideal Group, to assembly automotive vehicles in Sri Lanka. Mahindra will hold a 35% stake in the JV, while Ideal Motors will have a 65% stake.