The US auto major Ford on Wednesday said it is engaged with Mahindra & Mahindra for strategic cooperation to help it achieve "commercial, manufacturing and business efficiencies" in India.
Reports have said Ford is all set to transfer some of its key assets, including manufacturing plant in Chennai to a joint venture with M&M as the US auto major struggles to make a mark in India.
"Forging a partnership for the future, we remain engaged with Mahindra to develop avenues of strategic cooperation that help us achieve commercial, manufacturing and business efficiencies," a Ford India spokesperson said in an e-mailed response.
The spokesperson further said, "We look forward to sharing more information at the appropriate time and can not comment on ongoing speculations."
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