Is SsangYong relevant to Mahindra any longer?
With new partners like Ford in the picture, SsangYong’s future with M&M is at a crossroads at a time when the Covid-19 pandemic is likely to force the world into a recession.
With new partners like Ford in the picture, SsangYong’s future with M&M is at a crossroads at a time when the Covid-19 pandemic is likely to force the world into a recession.
Group chairman Anand Mahindra will move to a non-executive role starting FY21; Pawan Goenka will remain MD and CEO till April 2021, after which Anish Shah will takeover the mantle.
Mahindra and Mahindra will pick up majority stake in a JV with Ford, manage the American carmaker’s operations in India, and collaborate on new cars and business in emerging markets.
The MD of Mahindra & Mahindra spoke to Fortune India on the sidelines of the Move Global Mobility Summit in Delhi last week.
The model, one of the largest offered by the company, will be available in seven-seater and eight-seater versions.