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BRIEF-Mahindra and Mahindra says Ssangyong Motor signs LOI for JV with Shaanxi Automobile Group of China
October 12, 2016 / 6:56 AM / a year ago

BRIEF-Mahindra and Mahindra says Ssangyong Motor signs LOI for JV with Shaanxi Automobile Group of China

Oct 12 (Reuters) - Mahindra and Mahindra Ltd

* Mahindra and Mahindra Ltd - Ssangyong Motor signs LOI for joint venture with Shaanxi Automobile Group of China.

* Mahindra and Mahindra Ltd - first phase of construction to establish plant with annual capacity of 150,000 units per year by end 2019

* Mahindra and Mahindra Ltd - second phase to involve expansion of facilities to 300,000 units annually

* Mahindra and Mahindra Ltd says partnership for production facility with capacity of 150,000 CBU vehicles by 2019 end, with plan to expand to 300,000 units Source text - (bit.ly/2dKOMR1) Further company coverage: (Bengaluru newsroom)

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