M&M in talks to buy 50% stake in rival Skoda Auto India: Report
Mahindra and Mahindra (M&M), one of India's top automakers, is in advanced talks to acquire a 50% stake in rival Skoda Auto Volkswagen's India operations at $1 billion valuation, Moneycontrol reported. The two automakers are likely to finalise the deal in a few weeks, the report further said, adding that the deal will comprise a mix of shares and cash.