News for 'yueda'

M&M inks JV with China's No 3 tractor maker

The Indian auto major will have 51 per cent in the JV, Mahindra Yueda Yancheng Tractor, with the rest held by the Chinese partner. M&M, which already has a presence in the Chinese tractor market through Mahindra China Tractor Co after acquiring 80 per cent stake in Jiangling Tractors in 2004, will now become the third largest tractor maker in the world after John Deere and New Holland.