Mahindra re-thinking Ssangyong plan, wants to make cars in China
Conglomerate's US plans are now somewhat on the back burner, adds exec
Tue, Mar 08, 2016 - 5:50 AM
"China is easier to look at right now because Ssangyong already has a presence there. We have some traction and need to ramp up our products for local manufacturing," says Mr Goenka.
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...