Report: Mahindra set to start due diligence on Ssangyong Motor Co.
A Mahindra-Ssangyong tie-up makes sense due to the fact that both companies produce a range of utility vehicles, which means that there is the potential for engineering and hardware synergies that could lead to considerable savings. The fact-finding process could take up to six weeks to complete.
Mahindra has been looking to expand its empire to include the U.S. market, but its plan for a 30 mile-per-gallon pickup truck have not yet resulted in a vehicle for sale, though dealerships are known to be going up around the country. The Indian automaker also has several joint agreements with other automakers, including Renault (Dacia Logan) and Reva (electric vehicles).
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