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M&M to sign pact with SsangYong by January

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Press Trust Of India Mumbai

Auto major Mahindra & Mahindra (M&M) said due diligence on South Korean sports utility vehicle-maker SsangYong Motor Company is almost over and work on a draft agreement will begin by the month-end.

"We will be completing our due diligence soon and then hold talks with the management of SsangYong. We expect to draft our acquisition plan by end-this month," Mahindra & Mahindra President-Automotive and Farm Equipment, Pawan Goenka, said here.

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First Published: Oct 11 2010 | 2:25 AM IST

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