Cars
Mahindra Wants to Become “India’s First Global Cult Brandâ€
M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate. M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.
Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brandâ€.
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Pininfarina Is Still Hoping For A Deal With Mahindra
Pininfarina, the prestigious Italian designer and coachbuilder, is struggling under financial strains after negotiations with Indian car manufacturer Mahindra & Mahindra failed. Read more »...
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Mahindra Announces Intent To Introduce Reva Electric Vehicles In Uk, Norway
The EV arm of India’s Mahindra & Mahindra, Mahindra Reva Electric Vehicles, has officially announced its desire to begin selling its cars in Europe. The first two markets being eyed are those where incentives for EV purchases are highest:...
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India's Mahindra & Mahindra Interested In Saab, Turkish Suitor Also Pops Up On The Radar
The sad story of Saab is far from over as the court-appointed administrators who are overseeing the Swedish automaker's bankruptcy are now on the lookout for possible investors to either sell parts of the brand or the company as a whole. In today's...
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Ssangyong Returns To The Uk With Brand New Korando Suv
SsangYong is making a comeback to the UK market in September. And its return will be spearheaded by the all-new Korando crossover which has no relation whatsoever with its predecessor. The newcomer is priced from £16,995 with the Korean company,...
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India's Mahindra & Mahindra Seals Ssangyong Acquisition
Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra...
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