The Indian auto trade is one of the largest on the earth with an annual manufacturing of 23.37 million automobiles in FY 2014-15, following a progress of eight.sixty eight per cent during the last yr. Ford Motor Company holds a three% stake in Mazda , a 12.1% share in Aston Martin , a 49% share in Jiangling Motors Ford and Navistar International have a 50-50 three way partnership known as Blue Diamond Truck Ford and Sollers JSC have a 50-50 joint venture referred to as Ford Sollers Both Ford and Koç Holding own a 41% stake in Ford Otosan Ford and Lio Ho Group have a joint venture referred to as Ford Lio Ho , Ford owns 70% and Lio Ho Group owns 30%.
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The Ministry of International Commerce and Industry (MITI) in Might 1961 unveiled its primary administrative policy concerning the automotive trade (later referred to as the Specified Business Promotion Invoice). Daimler AG holds a 20% stake in Eicher Motors , a ten.zero% stake in KAMAZ , an 89.29% stake in Mitsubishi Fuso Truck and Bus Company , a 6.75% stake in Tata Motors and a 3.1% within the Renault-Nissan Alliance , a 12% stake in Beijing Automotive Group, and an eighty five% stake in Master Motors Daimler and BYD Auto have a joint venture referred to as Denza , each companies hold a 50-50% stake.
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