Mahindra to Launch Korando, Rexton in India

Saturday 04 December 2010, 00:00 AM by Payal Pathak

Mahindra and Mahindra is betting big on the Indian as well as global market. The company is growing by leaps and bounds and has recently made new acquisitions in the domestic as well as overseas market. Mahindra recently acquired South Korean auto maker Ssangyong and is now planning to bring Ssangyong’s popular SUV model Korando to India.

Ssangyong is one of the most popular SUV makers in the global market and has a strong product portfolio. On the other hand, Mahindra is already a market leader in the domestic market and the ownership of Ssangyong by Mahindra looks like a perfect marriage leading to strong and robust off-springs in the SUV segment in India and the world.

"We will be launching two SUV's of Ssangyong-Kornado and Rexton-in Indian market by next year end," said M&M President, Automotive & Farm Equipment Sectors, Pawan Goenka. Mahindra is confident of completing the deal for takeover of Ssangyong by March next year and will focus on developing better models with Korean expertise that would sell well in the country with Mahindra’s strong dealership and service network.

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