Multiple choice

In 2010, which of the following automobile companies announced its decision to buy out the 49% stake held by its foreign partner in its 5-year old joint venture in India?

  1. Tata Motors

  2. Hindustan Motors

  3. Ashok Leyland

  4. Mahindra & Mahindra
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Mahindra & Mahindra (M&M) will buy out its French partner Renault's 49 per cent stake in the five-year-old joint venture - Mahindra Renault Pvt Ltd - for an undisclosed amount. The joint venture manufactures the Logan, an entry level sedan at Nashik. In the process, Mahindra Renault will now become a wholly-owned arm of M & M.

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