Mahindra & Mahindra, India?s largest sports utility vehicle (SUV) maker, said on Monday its acquisition of South Korean company Ssangyong Motor would help it emerge as a global force in the SUV market.
?Korea is one of the world?s leading centres of automotive excellence and Ssangyong brings with it a rich legacy of R&D and innovation…The [...]
Indian utility vehicles maker Mahindra & Mahindra and three-wheeler maker Atul Auto Ltd are separately interested in acquiring a majority stake in state-run Scooters India Ltd, two sources in Mahindra and a senior official in Atul Auto said on Monday.
According to reports, government plans to offer upto 74 percent stake in Scooters India. Scooters India, [...]
Mahindra & Mahindra, India’s largest sports utility vehicle (SUV) maker, said on Monday its acquisition of South Korean company Ssangyong Motor would help it emerge as a global force in the SUV market.
“Korea is one of the world’s leading centres of automotive excellence and Ssangyong brings with it a rich legacy of R&D and innovation…The [...]
Indian utility vehicles maker Mahindra & Mahindra and three-wheeler maker Atul Auto Ltd are separately interested in acquiring a majority stake in state-run Scooters India Ltd, two sources in Mahindra and a senior official in Atul Auto said on Monday.
According to reports, government plans to offer upto 74 percent stake in Scooters India. Scooters India, [...]
Mahindra and Mahindra said on Monday it would use its purchase of South Korea’s Ssangyong Motor to become a global player in the sport utility vehicle market.
Pawan Goenka, president of Mahindra’s automotive and farm sector, said the merger would help both companies expand in the global market.
“We believe that Ssangyong and Mahindra make powerful companies [...]
Indian utility vehicles maker Mahindra & Mahindra could benefit in the long-run from its pending acquisition of Ssangyong but investors are wary about the investments it will need to make in the Korean automaker and its recent foray into commercial trucks.
Over the past 18 months, Mahindra has been on a diversification spree through acquisitions and [...]
The $7.1 bn Mahindra Group, one of India’s leading business houses revealed its plans to launch new models to augment its presence in the automobile market in Sri Lanka.
“In keeping with our long term plans for this region, we are soon going to enhance our current product portfolio in the market with the launch [...]
Having established its leadership position in sports utility vehicle (SUV) segment in India, Mahindra & Mahindra (M&M) now harbours the ambition to become a global major in the segment by acquiring South Korean SUV-maker Ssangyong Motor Company (SYMC).
Remarkably, the automaker is making its bid to become the global player in the same month in [...]
Mahindra & Mahindra (M&M), India’s largest tractor maker, plans to scale up its production capacity by over 60% in two years to cash in on the growing rural demand, according to a senior official.
The company, which sells Mahindra and Swaraj brands of tractors, will set up a one-lakh capacity unit with an investment of at [...]
Having established its leadership position in sports utility vehicle (SUV) segment in India, Mahindra & Mahindra (M&M) now harbours the ambition to become a global major in the segment by acquiring South Korean SUV-maker Ssangyong Motor Company (SYMC).
Remarkably, the automaker is making its bid to become the global player in the same month in which [...]
Mahindra & Mahindra has been named as the preferred bidder to buy SsangYong, the bankrupt South Korean automaker, and emerge as one of the world’s largest SUV makers with a combined turnover of over $4 billion. Mumbai-based M&M, the makers of Scorpio and Bolero utility vehicles, will sign an MoU with SsangYong in two weeks, [...]
South Korea’s troubled Ssangyong Motor named Mahindra and Mahindra, India’s top utility vehicle maker, as its preferred buyer in a deal that reinforces the growing clout of emerging market automakers.
SUV maker Ssangyong, which is in bankruptcy protection, said Mahindra had been chosen after making the highest bid and securing financing plans, though declined to disclose [...]
Mahindra & Mahindra (M&M) is likely to put in a bid of around $480 million for acquisition of the South Korean sports utility vehicle (SUV) maker Ssangyong Motor Company as part of its plan to establish itself as a global SUV company, say people familiar with the development. The M&M board on Saturday decided to [...]
India’s largest utility vehicle maker Mahindra & Mahindra will put in a bid below $500 million for the troubled South Korean sports utility vehicle maker, Ssangyong, say banking sources close to the company. On Saturday, M&M board authorized the submission of bid to acquire majority stake in Ssangyong.
Sources close to the development say that M&M’s [...]
Having sold a record one lakh scooters in a span of just 10 months, Mahindra & Mahindra is now firming up plans to enter the domestic motor-cycle market by end-this year, a top company official said.
“We have achieved a milestone by selling one lakh scooters in just 10 months as against a set target of [...]