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India revenue secretary says open to tinkering tax rates on automobiles

India revenue secretary says open to tinkering tax rates on automobiles
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Ford and Mahindra to end collaboration on all projects in India

Ford and Mahindra to end collaboration on all projects in India Reuters 1 hr ago NEW DELHI, April 1 (Reuters) - Ford Motor Co and Mahindra & Mahindra will not collaborate on any project they had agreed to as part of their abandoned joint venture in India, the companies said. Ford and Mahindra had proposed a joint venture to develop at least three sport-utility vehicles (SUVs) for India and emerging markets, as well as share suppliers, powertrains and technology. The deal, which would have ended most of Ford s independent operations in India, was called off on Dec. 31. The companies were expected to make a decision by the end of March on whether to continue with all or some of the projects under a new relationship or end all talks.

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