M&M strengthens presence in Sri Lanka, establishes JV with Ideal Group

India's leading automaker Mahindra and Mahindra Limited (M&M) announced setting up of a Joint Venture (JV) with Sri Lanka-based Ideal Motors Private Limited (Ideal) for … M&M's investment in the JV would amount to Sri Lankan Rupee LKR25cr (Rs10.41cr, assuming the rate of Rs0.42/LKR).

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