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Mahindra re-thinking Ssangyong plan, wants to make cars in China
Conglomerate's US plans are now somewhat on the back burner, adds exec
Add BT as a preferred sourcePublished Mon, Mar 7, 2016 · 09:50 PM
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New Delhi
INDIAN conglomerate Mahindra & Mahindra is re-thinking the strategy for its loss-making Korean automaker Ssangyong Motor Co, tapping the brakes on its planned push into the United States to focus instead on China.
Mahindra's executive director Pawan Goenka told Reuters the company was in talks with Chinese firms to enter into a contract manufacturing agreement or form a joint venture to build Ssangyong vehicles in China, where it currently exports to from Korea and sells through a local distributor.
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