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Mahindra Says Deal To Sell SsangYong Motor To Edison Terminated
Mahindra has said that the receiver of SsangYong cited Edison's inability to deposit the bid amount for the termination of the deal.
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Ssangyong's Acquisition Deal With Edison Motors Falls Through: Report
As per the deal, Edison Motors was supposed to pay 274.3 billion won or Rs. 1716 crore, by March 25 2022, to acquire SsangYong, however its failure to do so has led to the termination of the contract.
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Edison Motors To Buy SsangYong From Mahindra For $255 Million
The announcement comes amidst SsangYong's struggles to find a new buyer with red on its ledger. The ailing automaker's sales declined 21 per cent in 2021 with the company reporting an operating loss of Rs. 1,473 crore with a revenue of Rs. 11,140 crore.
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Mahindra XUV300: Top 5 Rivals
The Mahindra XUV300 is based on SsangYong Tivoli's platform, which has been tweaked for the Indian market. The SUV is priced in between Rs. 7.96 lakh to Rs. 11.71 lakh (ex-showroom, Delhi). Here are the top five rivals of the XUV300.
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South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
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Mahindra Board Holds Plans To Invest Fresh Equity In SsangYong Amidst Coronavirus Pandemic
Mahindra & Mahindra has announced that its board has rejected the proposal to inject fresh equity in SsangYong Motor Company (SYMC), amidst the ongoing COVID-19 crisis. The Indian auto giant holds a controlling stake in the South Korean carmaker and the latter had requested a fresh funding of 500 billion wons ($406 million) over the next three year...
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Mahindra Alturas G4 Has Bagged 1000 Bookings Since Launch
It's been about three months since the launch of the Mahindra Alturas G4, and the new full-size SUV has already bagged around 1000 bookings in India.
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Mahindra S201 Production Name To Be Announced In December
Codenamed S201, the upcoming Maruti Suzuki Vitara Brezza rival is all set to be christened on December 1, 2018. The all-new offering is an eagerly awaited one and is in fact the second SsangYong-based model to go sale in the country. The Mahindra S201 is the Indian automaker's derivative of the SsangYong Tivoli and will be a premium urban offering ...
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Mahindra Alturas G4 vs Toyota Fortuner vs Ford Endeavour vs Skoda Kodiaq vs Isuzu MU-X: Spec Comparison
The all-new Mahindra Alturas G4 is set to go on sale in India this week, on November 24, and it'll be the company's new flagship SUV. The new SUV is essentially a rebadged version of the fourth-generation SsangYong G4 Rexton that will be sold in Indian as a Mahindra product.
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Mahindra's Flagship SUV, Rexton, Spied In India
Mahindra is actively testing its new SUV, the Rexton in India. It could go on sale in India during this year's festive season.
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SsangYong Tivoli XLV With Extended Rear Goes On Sale In The UK
Adding more practicality to the vehicle in the literal sense, SsangYong has introduced the Tivoli XLV that comes with an extended rear for more carrying capacity and practicality.
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Hyundai Tucson Launched In India; Prices Start At Rs. 18.99 Lakh
Hyundai Tucson, the popular premium SUV from the South Korean carmaker today finally went on sale in India priced from 18.99 lakh to 24.99 lakh (ex-showroom Delhi). The car will be offered in in three trim levels - 2WD MT, 2WD AT GL, and 2WD AT GLS.
-
Ssangyong Reveals The New Face Of the Rexton SUV
SsangYong showcased the Tivoli compact SUV recently and has now revealed the refreshed face of the Rexton SUV. The car will go on sale in South Korea first and we will see this car making its way to the India.
-
Ssangyong's Subcompact Crossover Tivoli Revealed
Following last month's teaser, SsangYong has released the first image of their Tivoli subcompact crossover. While we wait the full reveal next month as the car will be put up on sale in South Korea, there are a few pictures that the company has put up on its Facebook account.
-
Mahindra Says Deal To Sell SsangYong Motor To Edison Terminated
Mahindra has said that the receiver of SsangYong cited Edison's inability to deposit the bid amount for the termination of the deal.
-
Ssangyong's Acquisition Deal With Edison Motors Falls Through: Report
As per the deal, Edison Motors was supposed to pay 274.3 billion won or Rs. 1716 crore, by March 25 2022, to acquire SsangYong, however its failure to do so has led to the termination of the contract.
-
Edison Motors To Buy SsangYong From Mahindra For $255 Million
The announcement comes amidst SsangYong's struggles to find a new buyer with red on its ledger. The ailing automaker's sales declined 21 per cent in 2021 with the company reporting an operating loss of Rs. 1,473 crore with a revenue of Rs. 11,140 crore.
-
Mahindra XUV300: Top 5 Rivals
The Mahindra XUV300 is based on SsangYong Tivoli's platform, which has been tweaked for the Indian market. The SUV is priced in between Rs. 7.96 lakh to Rs. 11.71 lakh (ex-showroom, Delhi). Here are the top five rivals of the XUV300.
-
South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
-
Mahindra Board Holds Plans To Invest Fresh Equity In SsangYong Amidst Coronavirus Pandemic
Mahindra & Mahindra has announced that its board has rejected the proposal to inject fresh equity in SsangYong Motor Company (SYMC), amidst the ongoing COVID-19 crisis. The Indian auto giant holds a controlling stake in the South Korean carmaker and the latter had requested a fresh funding of 500 billion wons ($406 million) over the next three year...
-
Mahindra Alturas G4 Has Bagged 1000 Bookings Since Launch
It's been about three months since the launch of the Mahindra Alturas G4, and the new full-size SUV has already bagged around 1000 bookings in India.
-
Mahindra S201 Production Name To Be Announced In December
Codenamed S201, the upcoming Maruti Suzuki Vitara Brezza rival is all set to be christened on December 1, 2018. The all-new offering is an eagerly awaited one and is in fact the second SsangYong-based model to go sale in the country. The Mahindra S201 is the Indian automaker's derivative of the SsangYong Tivoli and will be a premium urban offering ...
-
Mahindra Alturas G4 vs Toyota Fortuner vs Ford Endeavour vs Skoda Kodiaq vs Isuzu MU-X: Spec Comparison
The all-new Mahindra Alturas G4 is set to go on sale in India this week, on November 24, and it'll be the company's new flagship SUV. The new SUV is essentially a rebadged version of the fourth-generation SsangYong G4 Rexton that will be sold in Indian as a Mahindra product.
-
Mahindra's Flagship SUV, Rexton, Spied In India
Mahindra is actively testing its new SUV, the Rexton in India. It could go on sale in India during this year's festive season.
-
SsangYong Tivoli XLV With Extended Rear Goes On Sale In The UK
Adding more practicality to the vehicle in the literal sense, SsangYong has introduced the Tivoli XLV that comes with an extended rear for more carrying capacity and practicality.
-
Hyundai Tucson Launched In India; Prices Start At Rs. 18.99 Lakh
Hyundai Tucson, the popular premium SUV from the South Korean carmaker today finally went on sale in India priced from 18.99 lakh to 24.99 lakh (ex-showroom Delhi). The car will be offered in in three trim levels - 2WD MT, 2WD AT GL, and 2WD AT GLS.
-
Ssangyong Reveals The New Face Of the Rexton SUV
SsangYong showcased the Tivoli compact SUV recently and has now revealed the refreshed face of the Rexton SUV. The car will go on sale in South Korea first and we will see this car making its way to the India.
-
Ssangyong's Subcompact Crossover Tivoli Revealed
Following last month's teaser, SsangYong has released the first image of their Tivoli subcompact crossover. While we wait the full reveal next month as the car will be put up on sale in South Korea, there are a few pictures that the company has put up on its Facebook account.
