At Ssangyong Motor Co., South Korea’s third-largest maker of sport utility vehicles, just about everything that could go wrong did in the past two decades. The company switched owners four times, faced bankruptcy and suffered one of the most violent strikes in modern Korean history in 2009.
Mahindra & Mahindra Ltd., India’s biggest utility vehicle maker, unveiled a cheaper version of its Xylo model to win potential customers of Maruti Suzuki India Ltd.’s best-selling models and revive profit margins.
Anand Mahindra , a scion of one of India’s richest families, abandoned a youthful flirtation with communism and cinema to work at the business he was born into. After expanding the Indian steel and tractor maker into cars, financial services and resorts, Mahindra’s appetite for growth is unsated.
Billionaire Uday Kotak, not content with 35 percent margins and a No. 1 ranking underwriting Indian IPOs, is aiming to increase profit next year at both his investment bank and commercial-lending businesses.
Mahindra & Mahindra Ltd. was named preferred bidder for a controlling stake in South Korea’s Ssangyong Motor Co. as India’s largest maker of sport-utility vehicles aims to raise sales outside its home market.
Mahindra & Mahindra Ltd. “won’t shy away” from acquiring information technology companies to strengthen its software business, Vice Chairman Anand Mahindra said in an interview with Bloomberg UTV today.
Mahindra & Mahindra Ltd. ’s planned acquisition of a controlling stake in Ssangyong Motor Co. may be completed in February or March, boosting the Indian automaker’s drive to expand sales outside its home market.
Ssangyong Motor Co. , the South Korean automaker under bankruptcy protection, rose the most in four months in Seoul trading after Mahindra & Mahindra Ltd. ’s takeover plan was approved by Korea’s antitrust regulator.