Renault of France and Mahindra & Mahindra
entered into a formal agreement on 20 March 2005 for their joint venture to
manufacture Logan brand of cars in India.
The proposed 51:49 joint venture between M&M
and Renault will cost Euro 125 million. (Rs.720 crore.)
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M&M-Renault
joint venture to produce Logan cars (24-Feb-05)