Mahindra has parted ways from the Navistar JV, and their trucks as well as bus operations are separately known as Mahindra Trucks and Buses Limited (MTBL). They have aggressive plans for the future, and it seems those have begun to surface!
It seems Mahindra had promised that it would acquire something during this period. When Aston Martin did not work out, to fulfill their word, they bought Mahindra-Navistar JV completely!
Pune based Mahindra Navistar trucks, a joint venture between Mahindra of India and International Truck & Engine Corporation of USA, is preparing to penetrate deep into the Indian market.