- BMW maintains lead over Mercedes-Benz
- Mahindra Finance, Rabobank from JV
- IDC, Cyber Media to end partnership
BMW maintains lead over Mercedes-Benz
BMW India Pvt. Ltd maintained its lead over Mercedes Benz India Pvt. Ltd in the luxury car market for second year in a row.
BMW registered a growth of 73% in 2010 to sell 6,246 units against 5,819 sold by Mercedes. Audi India
Mahindra Finance, Rabobank from JV
Mahindra and Mahindra Financial Services Ltd said on Monday it has entered into a joint venture (JV) with De Lage Landen Financial Services Inc., a wholly Group.
The JV firm, Mahindra Finance USA Llc, in which the initial investment will be around $5.02 million (`22.8 crore), will provide financing to US dealers for purchase of wholesale inventory, dealer purchases of Mahindra products and retail financing amongst other things, it said in a statement.
IDC, Cyber Media to end partnership
Global entity IDC and diversified group Cyber Media India Ltd will now pursue their own market research business plans from March, bringing an end to a 24year partnership focused on information technology research, the two companies said in a joint statement.
Cyber Media was IDC's partner and representative for its research business in India India