GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer?
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Mahindra and Mahindra
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Tata Motors
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Maruti Suzuki
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Hindustan Motors
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Explanation:
Detailed explanation-1: -Ford re-entered the Indian market in October 1995 as Mahindra Ford India Limited (MFIL), a 50-50 joint venture with Mahindra & Mahindra Limited.
Detailed explanation-2: -By setting up their production plants in India, MNCs such as Ford Motors tap the advantage not only of the large markets that countries such as India provide, but also the lower costs of production.
Detailed explanation-3: -Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday.
There is 1 question to complete.