M&M enters into JV with TMI Pacific, Australia

Mahindra and Mahindra (M&M), one of India`s leading automaker, announced it has entered into a joint venture
(JV) agreement with it`s existing partner, TMI Pacific, a local Australian importer and distributor of vehicles. This agreement will lead to the formation of a new company called Mahindra Automotive Australia whih will continue the marketing, promotion and retail of mahindra vehicles in Australia. Mahindra will be the major shareholder with 80% stake in the new joint venture while the rest would be held by TMI Pacific. More
Courtesy: indiacar.net

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