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| | The Hindu Business Line : M&M to continue sourcing Korean, Japanese tractors Signs pact to acquire 80% stake ... |
 | | Mr Anjanikumar Choudhari, President of the Farm Equipment Sector, Mahindra & Mahindra Ltd, with Mr Chou Ming, Chairman, Jiangling Tractor Company, and First Vice-President, Jiangling Motor Company Group, during the signing of the joint venture agreement in Mumbai on Friday. |
 | | MAHINDRA & Mahindra Ltd (M&M), which acquired 80 per cent stake in China's Jiangling Tractor Company (JTC), will continue to buy tractors from Tong Yang of South Korea and Mitsubishi of Japan as part of supplies to its US market. |
 | | Speaking to newspersons today after the signing of the formal joint venture agreement with Jiangling Motor Company Group (JMCG), Mr Anjanikumar Choudhari of M&M's Farm Equipment Sector (FES), said that the Chinese tractors will not be able to fully replace the Korean and Japanese models, given the differing levels of product sophistication. |
| www.thehindubusinessline.com /2004/12/25/stories/2004122502080200.htm (582 words) |
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