Indian utility vehicles and tractor maker Mahindra & Mahindra expects to complete the acquisition of South Korean automaker Ssangyong Motor in four months, its president said on Wednesday.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Ssangyong, which will be retained as a separate unit, will have a South Korean chief executive, Pawan Goenka said, according to Reuters.
Mahindra earlier this week signed a memorandum of understanding to buy a majority stake in Ssangyong Motor after emerging as the preferred bidder.
