Ssa News

Indian companies are conserving cash to focus on the domestic marketM&M will continue to back overseas units, with a target of 18% return on equity in the next 3-5 years

M&M shares are now down only 13% from its highs in February, compared to the 22% drop in the Nifty Auto index

The Korean SUV maker has bled every year, except in 2016 when it clocked a net profitM&M says it will inject 500 bn won into its ailing unit via its own investments or a third party funding

Manufacturing facilities in China have remained shut in an attempt to contain the spread of coronavirusProduction of Jawa motorcycles was also hit due to lack of a component supplied by Chinese manufacturers

M&M seeks to ensure ailing Korean subsidiary turns profitable by 2022SsangYong will need around 500 billion Korean won funding over 3 years for full recovery

Industry watchers reckon that Mahindra needs to get nimble-footed in product launchesFord has a capacity to roll out around four lakh vehicles from its Indian units

SsanYong reported a loss of 65.8 billion Korean won against a profit of 58.1 billion KRW in the year before due to a stronger currency and falling exports

Mahindra group chairman Anand Mahindra indicates that the entry into the US car market is likely to be through the South Korean SsangYong Motor Company, which is a subsidiary of Mahindra & Mahindra

Mahindra is likely to bring the Rexton to India at the 2018 Auto Expo

Mahindra and SsangYong are working on a joint global platform that will spawn two models each for the firms and an electric SUV