M&M, India’s biggest manufacturer of utility vehicles, will sign agreement on their proposed buyout of troubled SsangYong Motor Company of South Korea next week. M&M is likely to announce the deal on November 23. Market leader in the domestic sports utility vehicle segment has been in dialogue with the SsangYong management since August, after the Korean company declared M&M the preferred bidder from the original list of seven.
M&M had entered into a memorandum of understanding with SsangYong, followed by a confirmatory due diligence process. Meanwhile, the company also said that it plans to enter the US market with its electric vehicles from group firm REVA's portfolio within next five years.crackcrack
Company Name | CMP |
---|---|
Maruti Suzuki | 12472.75 |
Mahindra & Mahindra | 2636.15 |
Mercury Metals | 70.99 |
Hindustan Motors | 35.00 |
Suzuki (India) | |
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