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Mahindra targets SsangYong turnaround by 2022, plans USD 430 mn capex
Wed, Feb 12, 2020
SsangYong has been struggling with deteriorating earnings since 2017 when it slipped into the red with a net loss of 66 billion wons as against a net profit of 58 billion wons in 2016. In 2018, its net loss rose to 62 billion wons and then ballooned to 341 billion wons in 2019.
Setback for Mahindra and Mahindra on SsangYong brand
Sun, Nov 25, 2018
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.
Automaker Mahindra wants to sell electric vehicles in US
Tue, Nov 21, 2017
Anand Mahindra said his company had been testing self-driving models since it bought a minority stake in Japan`s Mitsubishi Agriculture Machinery in 2015. Mahindra & Mahindra operates several US tractor assembly plant
Mahindra to launch two new SUVs to arrest falling market share
Mon, Mar 27, 2017
Mahindra's management accepted that its recently launched compact SUVs (the KUV100 and TUV300) have not met management’s expectations
Mahindra plans to launch petrol XUV500 in Q1 FY18
Sun, Feb 19, 2017
Besides, it plans to launch another SUV codenamed 'S201' that is being developed on the platform of Tivoli from the stable of its South Korean arm Ssangyong in the second half of 2018-19.
Will facelift for Rexton be enough to save it from dwindling sales?
Wed, Oct 12, 2016
It also saw a 50% decline in sales from the previous month. In the month of August the sales of the SUV wasn't any better and stood at just 4 units.