The alliance of the fourth largest automaker in South Korea, Ssangyong Motor Company and one the leading commercial vehicles manufacturer, Mahindra & Mahindra Limited celebrated its first anniversary at its corporate office in Pyeongtaek, South Korea.
The event was made remarkable with the plantation of trees by the representatives of the two companies symbolizing the combined efforts for progress and expectations for future harmony and cooperation. The two evergreen pine trees of Korean origin were planted to showcase that the two companies will survive all obstacles and threats and will step towards development like the evergreen pine trees.
Mr. Yoo-il-Lee, the President and CEO of Ssangyong Motor Company, said about the journey of the alliance, "In 2011, Ssangyong took strategic steps to stabilize the company by successfully merging with Mahindra and thereby devised a new corporate vision and mid- to long-term development strategies to ensure growth. We will achieve our mid- and long-term business goals through active cooperation with M&M, like these two trees we just planted side by side."
Even Mr. Pawan Goenka, the President (Automotive and Farm Equipment Sectors), M&M Ltd. and the Chairman of Ssangyong Motor Company expressed similar views saying that working with the challenges and changes in pattern of economy in the last year, the alliance is expecting sustainable growth with plantation of 1000 more trees in the next one year.
