India’s Mahindra, U.S. carmaker Ford to develop SUVs, electric vehicle

NEW DELHI (Reuters) – India’s Mahindra & Mahindra and U.S. carmaker Ford Motor Co have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, the companies said in a joint statement on Thursday.

(Reporting by Aditi Shah; Editing by Raju Gopalakrishnan)