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Mahindra has global financial aspirations

24 August 2010

While most of us in the west are probably not even aware that there is a car maker called Mahindra, it comes as a surprise, then, to find out that the not-so-known Indian marque has aspirations of financial success on a global scale.

Mahindra plans to utilise its recent purchase of South Korea’s Ssangyong Motor to establish itself in the highly competitive SUV market, or sports utility market to you and me.

The predisent of Mahindra’s automotive and farm sector, said: "We believe that Ssangyong and Mahindra make powerful companies to create a global SUV brand," he told reporters after the Indian company signed a preliminary agreement to buy a controlling stake in Ssangyong.”

All we can say is; look out BMW and Mercedes-Benz, the Indian’s are coming.