Mahindra's South Korean arm SsangYong Motor files for bankruptcy

Mahindra & Mahindra (M&M) on Monday said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy. The SYMC has filed an application for commencement of......

Mahindra acquires majority stake in SsangYong

Auto major Mahindra & Mahindra on Monday said it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company (SMC).Mahindra, which emerged as the preferred bidder for......

Why M&M will halt investment in SsangYong Motor

M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time. International revenues for most of the Mahindra......

M&M signs pact to buy SsangYong Motor

Auto major Mahindra & Mahindra on Monday said it has entered into an agreement to acquire a majority stake in beleaguered South Korean vehicle maker SsangYong Motor Company. In a filing to the......