Mahindra & Mahindra has said it will consider sharing car platforms with South Korean firm SsangYong Motor, which it plans to acquire by December.
Pawan Goenka, M&M President (Automotive and Farm Equipment) said, “While we will maintain a distinct identity between Mahindra & Mahindra (M&M) and SsangYong vehicles, there is a potential for sharing platforms”. He said a fusion between both the companies may help in lowering the cost of vehicle developments later on.
He said, “Products from SsangYong will take off from where Scorpio leaves, so there is a fit for us there”. But Goenka, said the SsangYong deal will not impact the construction cost of a SUV code-named ‘W201’ which will be placed over the Scorpio.
When asked by when it plans to finish the purchase, he said: “If all goes as planned and we find nothing that is contrary to what we have understood about the company (SM) during the due diligence, then we should be able to close the deal in four months.”