M&M doesn't rule-out SAAB buy-out

M&M open to acquiring auto company without an SUV product for strategic fit.

1
photo
M&M doesn't rule-out SAAB buy-out
Feb 17, 2012

As part of its aggressive growth strategy, which includes acquisitions like SsangYong and 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 and 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, and 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. 

 
View Comments
Copyright (c) Autocar India. All rights reserved.
See more about:  mahindra, saab, buyout, mahindra, mahindra
Latest News
Related Articles
Two highly anticipated cars and a whole lot more in the June 2013 issue
What's in this issue?

comments powered by Disqus

M&M doesn't rule-out SAAB buy-out

notSet

Most Read
Latest News
Monaco GP: Rosberg fastest in FP2
Mercedes team-mates Nico Rosberg and Lewis Hamilton finish practice two in ...
4 hours ago   1 picture
Ford to stop making cars in Australia
Manufacturer cites strong Australian dollar and mounting losses as primary ...
1 day ago   1 picture
Amer Beg to drive in Super Trofeo Asia series
Lamborghini India has supported Amer for round one of the 2013 Super Trofeo ...
1 day ago   1 picture
SCOOP! Hyosung 125cc bike for India
DSK Motowheels setting up new manufacturing facility, considering bringing ...
1 day ago   1 picture
Government approves quadricycles
Green signal for quadricycles but restricted to commercial use.
1 day 5 hours ago   3 pictures
Reviews by Top 20 brands
Maruti Suzuki Mercedes-Benz
Tata Audi
BMW Hyundai
Toyota Volkswagen
Mahindra Chevrolet
Skoda Honda
Nissan Ford
Renault Fiat
Volvo Porsche
Mitsubishi Lamborghini
Autocar Magazine

Issue: 166 | June 2013

Two highly anticipated cars and a whole lot more in the June 2013 issue
Autocar Magazine
Latest Poll
What's the worst bit of bad driving according to you?
or View results
Cutting lanes
  43%
 
Driving between two lanes
  23%
 
Driving slowly in the fast lane.
  34%
TOTAL VOTES: 1727

Vote now
View previous Polls »