With reports coming in everyday about Mahindra & Mahindra (M&M) bidding to acquire the iconic British car maker, Aston Martin, expectations are on the rise that the official announcement about the deal could be made any day. This has had an impact on the share market too as brokerage firms have maintained 'buy' rating on the shares of M&M.
The Indian auto manufacturer is reportedly the front runner for a 40 per cent equity share, apart from 50 per cent voting rights in Aston Martin. This has brought Mahindra & Mahindra on Newspapers throughout the world, increasing its fame and popularity. People throughout the world are interested to read more about M&M. This has brought the India based auto maker in limelight all over the world.
It is not the first time that the auto major M&M is trying to acquire any globally acclaimed automobile manufacturer. Earlier in 2011, Mahindra had acquired a majority stake in the South Korea based auto maker Ssangyong Motor Company. This too brought a lot of fame to the Indian car maker and expanded its presence internationally. On the other hand, Tata Motors too in 2008 had acquired the British auto giant Jaguar Land Rover.
With two major acquisitions by Indian companies in the last four years and talks for the third one in the final rounds, people all over the world now have come to know the Indian car makers, which at one point in time was not known by many outside the country. If M&M manages to acquire 40 per cent stake in Aston Martin, which is often shown in James Bond movies, it would be a big news for the Indian automobile sector as they would be recognised on a global platform.
