Mahindra & Mahindra would start an assembly line at its Chakan factory for producing Ssangyong sport utility vehicles, according to Pawan Goenka, president (automotive and farm equipment sector).
He said, “The new assembly line for the Ssangyong products would come up at Chakan.” But he did not tell how much they plan to spend for establishing the assembly line.
M&M is in the last stages of taking over problematic South Korean car maker Ssangyong Motor Company.
The company anticipates to close the deal with Ssangyong before November-end, after it finished the comprehensive due diligence method, anticipated to be over by next month.
The company is drawing a plan for introducing SYMC’s cars here. The company is thinking about 2 products from the Ssangyong stable, Korando C and Rexton, for introduction in India. Korando C is a compact SUV and Rexton is a big-sized premium SUV. Mahindra will market these products under the Ssangyong label in India.