Mahindra ahead in race for Ssangyong Motor
Mahindra & Mahindra (M&M), India’s largest maker of sports utility vehicles (SUV), said that it has been selected the preferred bidder for the acquisition of a majority stake in South Korean SUV maker Ssangyong Motor Company (SYMC).
The Indian auto major outbid other firms, including Kolkata-based P K Ruia Group, [...]
India’s Mahindra buys Reva majority stake,GM to Develop New India Electric Car, Ends Reva Deal
Indian car maker Mahindra and Mahindra said on Wednesday it had bought a majority stake in Bangalore-based Reva Electric Car to strengthen its position in the low-emission electric auto market.
Mahindra, India’s largest sports utility vehicle and tractor maker, bought a 55.2 [...]
Mahindra and Renault compete to buy stake in bankrupt Ssangyong
Seven companies have submitted a letter of intent to buy Ssangyong Motors, the troubled carmaker, after the application process for bids was closed yesterday.
Industry observers say other bidders could include local companies such as SM Group, Young An Hat Co., and Seoul Invest, along with Mahindra [...]
Mahindra & Mahindra hopes to announce in 2-3 weeks a timeframe for the launch of its pick-up trucks in the United States
Mahindra & Mahindra, India’s largest utility vehicle and tractor maker, hopes to announce in 2-3 weeks a timeframe for the launch of its pick-up trucks in the United States, a top official said
The US [...]
New model launch and Show at 2010 Auto Expo
This Auto Expo, like the 2008 edition, will be yet another small car special. With five new small cars from three new entrants in the field being shown, either in concept guise or production form, there is a lot at stake for more than one manufacturer. The [...]
