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M&M to produce Ssangyong vehicles at Chakan plant

Sharmistha Mukherjee  |  New Delhi 

Mahindra & Mahindra (M&M) would set up an at its Chakan plant for making Ssangyong sport utility vehicles (SUVs), said Pawan Goenka, president (automotive and farm equipment sector) of the Mumbai-based utility vehicle maker.

“The new for the Ssangyong products would come up at Chakan.” He, however, declined to state how much they would invest for setting up the

M&M is in the final stages of acquiring troubled South Korean automaker Ssangyong Motor Company (SYMC). The company expects to seal the deal with Ssangyong before November-end, after it completes the detailed due diligence process, expected to get over by next month.

The company is charting a road map for launching SYMC’s vehicles here. The company is considering two products from the Ssangyong portfolio, and Rexton, to launch in India. While is a compact SUV, is a large-sized premium SUV. Mahindra will sell these products under the Ssangyong brand in India.

M&M’s Chakan plant can produce 300,000 units a year and will see an investment of Rs 5,000 crore over a period of time. The plant can manufacture all M&M products, ranging from a 0.5-tonne cargo vehicle to 49-tonne Mahindra Navistar heavy truck and sport utility vehicles.

First Published: Fri, August 27 2010. 02:21 IST
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