Mahindra & Mahindra has been selected as preferred bidder by SsangYong. The preferred bidder status would require it to enter into a MoU with SsangYong Motor Company, followed by a detailed due diligence process.
For those who don’t know, SYMC is a Korean Manufacture of Auto and Aggregates. It sells seven models under five brands which include two large size sedans, four SUVs and one MPV. The company is seen as a major player in the Korean SUV segment having been recorded 1.3 million SUV sales from 1990-2009. It has a considerable dealer presence of about 1,200 dealers around the globe.
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