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Mahindra and Mahindra in talks to acquire stake in Škoda Auto India

Mahindra and Mahindra is in advanced discussions to acquire a 50% stake in Škoda Auto's India operations, with a deal expected in a few weeks. The German automaker is valued at $1 billion for this stake sale, which may involve a combination of shares and cash. This partnership aims to enhance manufacturing capabilities and add value to M&M's passenger vehicle segment.
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