Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka

- Mahindra to take 35% stake in the JV
- Partnership to create a win-win for both companies in the automotive space.

April 3, 2018, Colombo: Mahindra & Mahindra Ltd., a part of the USD 19 billion Mahindra Group based in India, entered into a joint venture last week with Ideal Motors Ltd., a fully owned subsidiary of the Ideal Group, to assembly automotive vehicles in Sri Lanka.