Home grown auto major Mahindra & Mahindra (M&M) has put on hold plans to introduce SsangYong brand in the US, a top company official said.
"If we had done the launch of SsangYong in the US we probably would have launched it with a different name...in fact we have decided right now to put it on hold (US launch)," M&M Managing Director Pawan Goenka told reporters here on the sidelines of the launch of SUV Alturas G4.
He was replying to a query if the Mumbai-based firm was planning to change the name of its South Korean subsidiary which it acquired in 2011.
Goenka said the jury is still out on the matter, with some supporting a name change while others opposing it.
"Our global distributors are against it. As of now we have not decided on it as this matter is not in our priority list right now" he added.
Last year, Mahindra Group Chairman Anand Mahindra, while inaugurating its $230 million new plant in Detroit in the US, had indicated that the company may enter the American car market with its South Korean subsidiary.
Commenting on bringing the brand to India, Goenka said: "In the short term to medium term horizon we don't see SsangYong brand coming here".
He added that there is really no need because Mahindra brand is fairly established in the domestic market.
"As long as we are able to get the connect with Korean manufacturing and engineering, I don't think we need to bring SsangYong brand here," Goenka noted.
It also plans to launch the upcoming compact SUV code-named S201, which is based on SsangYong Tivoli, under the Mahindra brand.
"To establish a new brand in any new market is huge effort and not something that can easily work. Many well known big SUV brands have not been able to sell (in India). It is a wise thing for us to do," Goenka said.
The company is aiming to sell around 450-500 units of the new model per month.