M&M doesn't rule-out SAAB buy-out

M&M open to acquiring auto company without an SUV product for strategic fit.

21 Feb 2012 | 2992 Views | By Autocar Pro News Desk

As part of its aggressive growth strategy, which includes acquisitions like SsangYong and Reva, Mahindra & Mahindra (M&M) could acquire an automobile company that may not be in the SUV space.

Speaking to Autocar India, Pawan Goenka, president – automotive and farm equipment sectors said, “A strategic fit doesn’t mean ...

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