"The new assembly line for the Ssangyong products would come up at Chakan." He, however, declined to state how much they would invest for setting up the assembly line.
M&M is in the final stages of acquiring troubled South Korean automaker Ssangyong Motor Company.
The company expects to seal the deal with Ssangyong before November-end, after it completes the detailed due diligence process, expected to get over by next month.
The company is charting a road map for launching SYMC's vehicles here. The company is considering two products from the Ssangyong portfolio, Korando C and Rexton, to launch in India. While Korando C is a compact SUV, Rexton is a large-sized premium SUV. Mahindra will sell these products under the Ssangyong brand in India.
M&M's Chakan plant can produce 300,000 units a year and will see an investment of Rs 5,000 crore (Rs 50 billion)over a period of time.
The plant can manufacture all M&M products, ranging from a 0.5-tonne cargo vehicle to 49-tonne Mahindra Navistar heavy truck and sport utility vehicles.
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