Mahindra & Mahindra Limited (NSEI:M&M) is exploring the possibility of acquiring factory of General Motors Company (NYSE:GM) at Talegaon in Maharashtra, soon after another Indian automaker, Tata Motors, agreed to take over Ford's plant in Gujarat. People in the know said Mahindra executives made several visits to the Talegaon facility in the past few weeks. The visits came after GM's term sheet with Chinese automaker Great Wall Motors, which was in talks to acquire the plant, expired on June 30, 2022.

Apart from Mahindra, British brand MG MOTOR UK Ltd. too has shown interest in the GM factory, a person close to the matter said. However, GM may give it a lower priority because MG Motor's investment could face more scrutiny and take more time in India due to its Chinese ownership, one of the reasons why Great Wall dropped out of the talks. Mahindra declined to comment, while MG Motor did not respond to an email seeking comment.

A GM India spokesperson did not offer any specific comment on Mahindra or MG but said, "GM is continuing to explore options for the sale of the site."If talks between Mahindra and GM lead to a deal, it would be the second case of a homegrown company helping a US automaker exit its investment in India.