Filed under: Budget, Sedan, Renault, India
In India, the Dacia Logan is sold as the Mahindra Logan, manufactured as part of a joint venture between Mahindra and Renault. Observers suggest, though, that because the Mahindra Logan isn't selling well, the Indian company will wind down its involvement in the joint venture. If Mahinda does take a giant step back, it is doubtful that Renault would just walk away from the Indian Logan, which is said to be priced a little too high because of a tariff on its length.
Last month Renault India confirmed that the partnership was being restructured, but haven't yet indicated where things will go. The apparent option is Mahindra decreasing its equity stake by not investing any further, although another form of equity restructuring might also be in play.
[Source: Automotive News - sub. req.]
Report: Mahindra may look to freeze joint venture with Renault originally appeared on Autoblog on Tue, 30 Mar 2010 18:30:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments"
No comments:
Post a Comment