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

(Reuters) - 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 statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/2072bea3-9f98-49d2-80ba-ec4cdb2f7e13.pdf.

(Reporting by Krishna V Kurup in Bengaluru; Editing by Gopakumar Warrier)