Mahindra Group

Ford Motor and India's Mahindra Group have announced they will work together in a fresh partnership as the U.S. giant looks to boost its presence in one of the world's fastest growing auto markets.

The two, who parted ways from a tie-up in 2005, will co-operate for three years on a number of areas including electric vehicles and sourcing.

India's cabinet on May 24 approved a long-awaited policy to boost local manufacturing of high-tech defense equipment and cut down reliance on expensive imports.

Under the new Strategic Partnership model, the government will pick Indian companies to tie up with foreign organizations to manufacture fighter jets, armored vehicles, helicopters and submarines locally.

Mahindra & Mahindra Ltd, a part of the $17.8 billion Mahindra Group, has announced it acquired a majority stake in Hisarlar, a farm equipment company based in Turkey, in a bid to expand into the Turkish and European markets. 

MUMBAI - Serbia's door is wide open to Indian investments and the possibility to create jobs for many people is there, Serbian PM Aleksandar Vucic said after a meeting with Mahindra Group Chairman Anand Mahindra Thursday.

Government rules restricting foreign ownership in the Indian defense sector to 49 percent are undermining New Delhi's drive to lure greater investment in manufacturing, a senior executive at European conglomerate Airbus Group said on March 14.