Despite media and industry speculation to the contrary, Mahindra & Mahindra has stated that it is not interested in buying GM’s Hummer brand, but will instead focus on its own models for the US market.
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“There has been a lot of speculation. I want to say categorically we are not pursuing Hummer,” Vice Chairman Anand Mahindra said at a news conference.
“We are pursuing our own models strategy and we do not want to tarnish our lean warrior strategy,” he said, referring to Mahindra’s plans for a line-up of eco-friendly vehicles.
Earler this week a source told Reuters that China’s Hunan Changfeng Motor Co had held preliminary talks with GM, but had then backed off.
Russian billionaire Oleg Deripaska’s car unit, Russian Machines, last week also denied it was seeking to buy Hummer.
Changfeng, partly owned by Mitsubishi Motors Corp, decided not to proceed with the talks after a tour of Hummer’s US production facility, as it saw only limited potential for it to market the vehicle, the source said.
