Indian car maker Mahindra is set to buy into the Korean market after it’s won a bid to acquire a majority stake South Korean SUV manufacturer Ssangyong.
While not a big player here in Australia Ssangyong does have a strong presence in other parts of the world including Europe, Russia, South America, the Middle East, Africa and Asia.
Mahindra’s acquisition of Ssangyong will give it access to Ssangyong’s years of research and development and the Ssanyong distribution network in countries where Mahindra is virtually unknown.
Mahindra Set to Buy into Ssangyong