Mahindra and Mahindra promises to become a global SUV player

Though the takeover cost has not been revealed by Mahindra and Mahindra but the experts

say that it will be more than 500 billion Won (423.3 million US dollars). Mahindra's vice chairman and managing director, Anand Mahindra was quoted saying that his company had cash reserves of more than 500 million US dollars. He also said that Mahindra and Mahindra intends to be there as a long-term player, so they are not looking to talk to any financiers for the purpose of financing this acquisition. The vice chairman also said that Ssangyong Motor will have a good opportunity in India where demand for sport utility vehicles is fast rising.

Mahindra and Mahindra promises to become a global SUV player

By: Cardekho2010

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