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The Talegaon Factory Of General Motors Might Be Acquired By Mahindra & Mahindra India

Read the latest Mahindra and Mahindra news. There is a possibility that Mahindra &amp; Mahindra India Group will acquire General Motors Talegaon plant in Maharashtra.<br><br>

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The Talegaon Factory Of General Motors Might Be Acquired By Mahindra & Mahindra India

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  1. The Talegaon Factory Of General Motors Might Be Acquired By Mahindra & Mahindra India Soon after rival Indian automaker, Tata Motors, decided to take over Ford’s plant in Gujarat, Mahindra & Mahindra India began investigating the potential of buying General Motors‘ factory in Talegaon, Maharashtra. According to those in the know, Mahindra executives have visited the Talegaon complex multiple times recently. The visits happened after the term sheet between GM and Great Wall Motors, a Chinese manufacturer that was in negotiations to buy the plant, ended on June 30. In addition to Mahindra, the British automaker MG Motor has expressed interest in the GM facility. Although MG Motor’s investment might be subject to more scrutiny and take longer in India due to its Chinese ownership one of the reasons Great Wall withdrew from the negotiations GM may assign it a lesser priority.

  2. Is it Really Going to Change Mahindra and Mahindra India’s Industry? If negotiations between Mahindra and GM result in a deal, it would mark the second occasion when a domestic business helped a US automaker cut its investment in India. Ford and General Motors have both abandoned the Indian auto industry. Five years after leaving this market, GM Enterprises is still looking for a buyer for the location, whereas Ford found a buyer for its facility just a year after making the decision to depart India in September of last year. You can read the full content: https://www.businessupside.in/the-talegaon-factory-of-general-motors-might-be-acquire d-by-mahindra-mahindra-india/ Business Upside India Email ID: support@businessupside.co m Phone No.: 1800-270-3002 Visit Us: https://www.businessupside.in/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/c/BusinessUpside https://twitter.com/BusinessUpside1 https://www.instagram.com/businessupsideusa/ https://www.linkedin.com/company/businessupside/

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