The Competition Commission of India (CCI) has approved the formation of a joint venture between Mahindra & Mahindra and Ford Motor Company and the transfer of the automotive business of Ford India to the joint venture. The proposed combination envisages the formation of a joint venture, namely Ardour Automotive Private Limited, between Mahindra and Mahindra Limited (M&M) and Ford Motor Company (FMC); and the transfer of the automotive business (except powertrain business at Sanand) of Ford India Private Limited (FIPL) to the joint venture.
Detailed order of the Commission will follow.
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