NEWDELHI, April 19 -- American auto maker Ford Motor Co. and Mahindra and Mahindra, the country's third largest vehicle manufacturer, will jointly develop a midsized sports utility vehicle (SUV) for India and other emerging markets, the companies said on Thursday.

The crossover SUV will have a common Mahindra product platform and power train. This will help substantially reduce the cost of development for both companies.

After the two companies came together for the first time in 2017, Mahindra and Ford announced the development of a low displacement petrol engine and a telematics control unit, as part of the connected vehicles project in 2018.

As part of the tie-up, Mahindra dealers are now allowed to open mini showrooms to sell popular...