Mahindra & Mahindra Ltd. , India’s biggest maker of sport-utility vehicles and tractors, will begin selling construction equipment as the nation boosts investments in infrastructure to help sustain economic growth.
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. has developed a prototype of an electric commercial vehicle, Pawan Goenka, president of the Mumbai-based company’s automotive and farm-equipment division, said in an interview to Bloomberg UTV.
Mahindra & Mahindra Ltd. expects to complete the purchase of a stake in Ssangyong Motor Co. in four months, Pawan Goenka, president of the Mumbai-based company’s automotive division, said in New Delhi today.