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India: Mahindra to invest Rs15bn for new platform

Indian vehicle manufacturer Mahindra & Mahindra plans to invest Rs15bn (US$280.17m) towards the development of a new vehicle platform with its South Korean subsidiary Ssangyong. "We expect to see three products jointly developed with Ssangyong. There, we are investing close to Won 300bn which is almost Rs15bn," Press Trust of India quotes It’s time to log … Continued

Indian vehicle manufacturer Mahindra & Mahindra plans to invest Rs15bn (US$280.17m) towards the development of a new vehicle platform with its South Korean subsidiary Ssangyong.

"We expect to see three products jointly developed with Ssangyong. There, we are investing close to Won 300bn which is almost Rs15bn," Press Trust of India quotes

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