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India: Mahindra eyes majority stake in SUV firm -report

Indian utility vehicle manufacturer Mahindra & Mahindra is reportedly in talks with Delhi-based Sonalika Group to acquire a majority stake in International Cars & Motor (ICML), a group company which manufactures the Rhino Rx SUV. The Economic Times, citing an unnamed source, said Mahindra has been eyeing a majority stake in It’s time to log … Continued

Indian utility vehicle manufacturer Mahindra & Mahindra is reportedly in talks with Delhi-based Sonalika Group to acquire a majority stake in International Cars & Motor (ICML), a group company which manufactures the Rhino Rx SUV.

The Economic Times, citing an unnamed source, said Mahindra has been eyeing a majority stake in

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