Joint Venture between Renault and Mahindra & Mahindra has come to end by Mahindra & Mahindra buying entire 49% stake in JV. Now M&M is 100% stake holder for Logan in India. M&M representative said they will continue production of Logan and also looking for future possiblities to increase the Logan sales in India.
Representatives of both companies signed a framework agreement earlier this week, making clear that M&M is taking over all operation for sales of Logan. M&M said that they will continue taking assistance from Renault for technical and parts support. M&M also said that they are looking for possibilities of curbing Logan engine capacity and its length to save around 20% in taxes and duties.