Mahindra & Mahindra does not rule out SAAB buyout

Mahindra & Mahindra does not rule out SAAB buyout

As part of its aggressive growth strategy, which includes acquisitions like SsangYong & 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 & farm equipment sectors said, �A strategic fit doesn�t mean it has to be an SUV company. A strategic fit may come in different ways like technology, distribution, infrastructure, & assets also�. Goenka was responding to a query on the reported interest of Mahindra & Mahindra in buying bankrupt Swedish car company SAAB.

�The most important thing for us to look at is what would we do that others before us couldn�t do to turnaround a company�, added Goenka. He did not say whether M&M has expressed any interest in buying SAAB or not.

0 Comment:

Post a Comment