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Mahindra signs deal with Ford Motor to make midsize SUVs in India

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Reuters
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April 18 () - Automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co's Indian unit to jointly develop midsize sports utility vehicles in India, the company said on Thursday.

Ford and affiliate companies will invest 6.80 billion rupees$97.97 million for the development of the vehicles over a period of 10 years, Mahindra said in a (graphic).

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