Mahindra & Mahindra plans to establish a wholly owned finance subsidiary in South Korea in 2014, called Mahindra Korea.

The Indian automaker, the largest shareholder in South Korean SUV maker Ssangyong Motor, plans initially to launch vehicle financing operations to support local Ssangyong sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The new company will be headed by Mahindra’s senior vice president and chief financial officer Dilip Sundaram. 

While Mahindra Korea may also import electric motorcycles from India, the company has confirmed that it will not get involved directly with the operations of Ssangyong and will allow its South Korean subsidiary to decide whether it wants to sell Mahindra vehicles in South Korea.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact