In December 2012, Navistar announced that they were selling their stake to Mahindra and exiting both joint ventures, Mahindra Navistar. Mahindra has completed purchase of Navistar's stake in the joint ventures on 12 February 2013. On 4 June 2013, Mahindra Navistar Automotives Limited (MNAL) was changed its name to Mahindra Trucks and Buses Ltd. (MTBL), Mahindra Trucks and Buses Ltd. is a wholly owned subsidiary and part of the US $ 16.2 billion Mahindra Group and provides an entire line of integrated trucking solutions. The product line-up includes vehicles of 1 to 49 Tonnes GVW range
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