Mahindra Eyes Global SUV Strength Through Ssangyong Deal

Indian utility vehicle manufacturer Mahindra and Mahindra plans to use its acquisition of a majority stake in South Korea's Ssangyong Motor to 'gain momentum in global markets', which aligns with BMI's view that emerging market brands will increasingly expand globally. Mahindra has signed an agreement with the SUV specialist, which has been restructuring under court supervision, and due diligence will follow.

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