IANS reported India’s utility vehicle major revisiting its merger and acquisition plans once they shelved.Mahindra was an active contetor for iconic Jaguar and Land Rover(JLR) with Tata Motors,from which they withdrawn due to valuation issues.Dr.Pawan Goenka, President-Automotive Sector,Mahindra & Mahindra Ltd said ‘We are always looking for acquisitions, which will suit our portfolio, but the market situation is changing every day and we have to assess how to finance our mergers and acquisitions in times like these’.
This time Mahindra have many options to choose from, legendary brands like Dodge and Jeep of Chrysler,Volvo of Ford and the muscle machine Hummer of General Motors.Also this prove Mahindra’s decision of withdrawing from JLR deal was right in long term, as Tata owned JLR is already filed a silent bailout plan.
Mahindra also suffering from dull market condition along with peers.The only issue could be readying huge fund for capturing these brands.Let us see how soon Mahindra shop any one of these brands.
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