Outside of China, the biggest potential market for vehicles is in India, and Tata's recent bid for Jaguar and Land Rover proves that Indian automakers will be a force with which to be reckoned in the future. Chrysler recognizes this and in order to expand its own global reach might be looking to get into bed with one of India's up-and-comers.
Reports are beginning to surface that Chrysler may be considering a joint venture with India's Mahindra & Mahindra and in the process might gain an equity stake in the automaker. The news comes soon after a report that Mahindra might be pulling out of a joint venture with Nissan-Renault to build a $1 billion plant in India. If Chrysler can shore up ties with Mahindra while simultaneously pursuing its new ventures with Russia's Gaz, its dwindling market share here in the U.S. may be less of an issue.
[Source: AutoObserver]
