USA/India - Mahindra & Mahindra Ltd (Mahindra) of Mumbai, India and Navistar International Corporation (Navistar) of Lisle, Illinois, USA, have announced jointly that an agreement has been reached for Mahindra to purchase Navistar's stake in both Indian joint ventures, Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL), for a sum of INR1750m (USD33m). Following the purchase, Mahindra would take complete ownership of both MNAL and MNEPL operations and would continue to sell MNEPL and MNAL products. The agreement allows Navistar to continue sourcing components from India while Mahindra would continue to provide engineering services to Navistar. Navistar would continue to support Mahindra through a license agreement and extend support to MNAL and MNEPL for the purposes of business continuity.
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机译：美国/印度-印度孟买的Mahindra＆Mahindra Ltd（Mahindra）和美国伊利诺伊州莱尔的Navistar International Corporation（Navistar）共同宣布，已达成一项协议，同意Mahindra购买Navistar在两家印度合资企业中的股份， Mahindra Navistar汽车有限公司（MNAL）和Mahindra Navistar发动机私人有限公司（MNEPL），总价为17.5亿印度卢比（3300万美元）。收购完成后，Mahindra将完全拥有MNAL和MNEPL业务，并将继续出售MNEPL和MNAL产品。该协议使Navistar可以继续从印度采购零件，而Mahindra将继续向Navistar提供工程服务。 Navistar将继续通过许可协议来支持Mahindra，并为了业务连续性而将支持扩展到MNAL和MNEPL。
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