New Delhi, April 18 -- : Mahindra Group and Ford Motor Company on Thursday signed an agreement to co-develop a mid-size sports utility vehicle for fast-growing markets in India and other emerging economies.

This follows a strategic alliance between the two companies in September 2017 and an announcement on powertrain sharing and connected car solutions in October 2018.

The compact sports utility vehicle (C-SUV) will have a common Mahindra product platform and powertrain, thus driving engineering and commercial efficiencies.

"Having identified several areas for joint development, both companies will continue to work together to develop products using common product platforms," said M&M's Managing Director Pawan Goenka. "This will reduce p...