Mahindra & Mahindra Ltd.

Ssangyong Motor Co, majority owned by Mahindra & Mahindra, may consider making India a manufacturing and export base, mirroring similar moves by other automakers that are benefiting from low cost of production. The company also plans to invest over $1.2 billion on its own over the next three to five years, which will help roll out four new products and their variants. Seoul-based Ssangyong, which is set to launch its Rexton and Korando C sports utility vehicles in India from its assembly plant in Chakan, near Pune, could move to manufacturing and exporting smaller compact and sub-compact SUVs being jointly developed with M&M.