and is intended to develop market and distribute ford branded autos in india as well as ford and mahindra branded vehicles in emerging markets around the world ford added that they will transfer the majority of their operations to the combined venture although ford will maintain an engine plant inside iran as well as the global business services unit for credit and ford smart mobility the draw. venture between the 2 companies is expected to be fully operational sometime in 2020 must act that's all we manage by mahindra leadership will be made up of representatives from both company over the last few years ford has entered into partnerships with other auto companies and the effort to break into more markets on the news for stock was down more than one percent today. regulators policymakers and owners all continue to mobilize in the quickly developing fight over how to regulate the compelling contemporary tech based economic sectors and facebook is once again the face of this big tech big tech in this fight now a leak of 2 hours of audio from an internal corporate meeting at the dominant so

anand mahindra, welcome to bloomberg.d the slow down in india as something which is slight. how would you describe the state of the indian economy? anand: i am the terminal optimist, so i will say there was a slowdown but happily, sales are picking up and consumption is picking up. we have a major festival coming up. think about christmas. two weeks ago, i would say ask me later. good.sales have been very we are up and double digits. manus: talk about what you do with production on the car side. have you had to cut production aggressively over the space of the last 10 months? anand: we did have more nonworking days, as we call them, and we were cutting excess inventory. companies now have in a sense sanitized their pipelines, and a great deal of hope about the season from now on. manus: we talk about the global slowdown and the imf says it is growing at the slowest pace since 2008. -- has that become a reality in your business? anand: it is almost like the tale of two cities. our domestic businesses are fairly insulated f