Janaki's Feed
Aug 19, 2010

Mahindra’s Ssangyong buy : a good decision?

MUMBAI, Aug 19 (Reuters) – Indian utility vehicles maker
Mahindra & Mahindra (MAHM.BO: Quote, Profile, Research, Stock Buzz) could benefit in the long run
from its pending acquisition of Ssangyong (003620.KS: Quote, Profile, Research, Stock Buzz) but
investors are wary about the investments it will need to make
in the Korean automaker and its recent foray into commercial
trucks.

Over the last 18 months, Mahindra has been on a
diversification spree through acquisitions and joint ventures,
entering the heavy, medium and small trucks segment where Tata
Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz)is the leader and into the two-wheeler market
with ambitions of making scooters and motorcycles.

Aug 12, 2010

Ssangyong picks Mahindra as preferred bidder

SEOUL/MUMBAI (Reuters) – South Korea’s troubled Ssangyong Motor named India’s Mahindra and Mahindra as its preferred buyer in a deal that reinforces the growing clout of emerging market automakers.

SUV maker Ssangyong, which is in bankruptcy protection, said Mahindra, India’s top utility vehicle maker, had been chosen after making the highest bid and securing financing plans. No financial details were disclosed, however, and the uncertainty helped send Ssangyong shares down more than 8 percent.

Aug 12, 2010

Ssangyong picks India’s Mahindra as preferred bidder

SEOUL/MUMBAI, Aug 12 (Reuters) – South Korea’s troubled
Ssangyong Motor (003620.KS: Quote, Profile, Research, Stock Buzz) named India’s Mahindra and Mahindra
(MAHM.BO: Quote, Profile, Research, Stock Buzz) as its preferred buyer in a deal that reinforces the
growing clout of emerging market automakers.

SUV maker Ssangyong, which is in bankruptcy protection,
said Mahindra, India’s top utility vehicle maker, had been
chosen after making the highest bid and securing financing
plans. No financial details were disclosed, however, and the
uncertainty helped send Ssangyong shares down more than 8
percent.

Aug 12, 2010

Tata Motors looks to boost trucks business

MUMBAI (Reuters) – Tata Motors (TAMO.BO: Quote, Profile, Research), bolstered by a turnaround at its luxury Jaguar and Land Rover (JLR) brands and a surge in demand at home, is looking to expand its commercial vehicles business, its chief executive said on Thursday.

The company sees strong potential for the trucks business globally, for which it is exploring synergies with partner Fiat, Group Chief Executive and Managing Director Carl-Peter Forster told reporters. Tata currently has a joint venture to sell Fiat-branded cars such as Linea, Grande Punto and the Palio in India.

Aug 12, 2010

India’s Tata Motors looks to boost trucks business

MUMBAI, Aug 12 (Reuters) – India’s Tata Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz),
bolstered by a turnaround at its luxury Jaguar and Land Rover
(JLR) brands and a surge in demand at home, is looking to
expand its commercial vehicles business, its chief executive
said on Thursday.

The company sees strong potential for the trucks business
globally, for which it is exploring synergies with partner Fiat
(FIA.MI: Quote, Profile, Research, Stock Buzz), Group Chief Executive and Managing Director
Carl-Peter Forster told reporters. Tata currently has a joint
venture to sell Fiat-branded cars such as Linea, Grande Punto
and the Palio in India.

Aug 10, 2010

Tata Motors profit soars on Jaguar, Land Rover demand

MUMBAI, Aug 10 (Reuters) – India’s Tata Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz)
swept past forecasts with a fourth straight quarterly profit,
driven by demand for its luxury Jaguar and Land Rover brands,
boosting its shares to their highest in at least two decades.

The company’s Jaguar and Land Rover (JLR) unit, which Tata
bought from Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) in 2008, is expected to fuel
growth in coming quarters as demand for luxury brands increase,
particularly in emerging economies.

Aug 5, 2010

India’s Mahindra may bid $400 million for Ssangyong

MUMBAI (Reuters) – India’s Mahindra & Mahindra (MAHM.BO: Quote, Profile, Research, Stock Buzz) is planning bid up to $400 million for troubled South Korean automaker Ssangyong Motor (003620.KS: Quote, Profile, Research, Stock Buzz), sources said, as it seeks to become a major global utility vehicles maker.

Three sources with knowledge of the matter told Reuters on Thursday that the company, which in 2008 lost out to Tata Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz) for Ford Motor Co’s (F.N: Quote, Profile, Research, Stock Buzz) luxury brands Jaguar and Land Rover in 2008, is serious about making a competitive bid ahead of next Tuesday’s deadline.

Aug 5, 2010

Mahindra may bid $400 mln for Ssangyong – sources

MUMBAI (Reuters) – Mahindra & Mahindra is planning bid up to $400 million for troubled South Korean automaker Ssangyong Motor, sources said, as it seeks to become a major global utility vehicles maker.

Three sources with knowledge of the matter told Reuters on Thursday that the company, which in 2008 lost out to Tata Motors for Ford Motor Co’s luxury brands Jaguar and Land Rover in 2008, is serious about making a competitive bid ahead of next Tuesday’s deadline.

Aug 5, 2010

India’s Mahindra may bid $400 mln for Ssangyong-sources

MUMBAI, Aug 5 (Reuters) – India’s Mahindra & Mahindra
(MAHM.BO: Quote, Profile, Research, Stock Buzz) is planning bid up to $400 million for troubled South
Korean automaker Ssangyong Motor (003620.KS: Quote, Profile, Research, Stock Buzz), sources said, as
it seeks to become a major global utility vehicles maker.

Three sources with knowledge of the matter told Reuters on
Thursday that the company, which in 2008 lost out to Tata
Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz) for Ford Motor Co’s (F.N: Quote, Profile, Research, Stock Buzz) luxury brands Jaguar
and Land Rover in 2008, is serious about making a competitive
bid ahead of next Tuesday’s deadline.

Aug 3, 2010

Volvo Bus India unit losing money due to strike

MUMBAI, Aug 3 (Reuters) – The Indian unit of Sweden’s Volvo
Bus Corp has lost about 70 million rupees ($1.5 million) in
earnings following a work slowdown orchestrated by the local
union, a company spokesman said on Tuesday.

Roughly half of the 550-odd staff at Volvo Buses India Pvt
Ltd’s factory near Bangalore started the “go-slow” process in
April, and went on strike a week ago.