Tag: Mahindra & Mahindra

Maruti, Toyota, Mahindra & Mahindra remain bullish on long-term growth of used car business

NEW DELHI: Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the […]

JP Morgan demands loan repayment of Rs 268 crore from M&M SsangYong Motor Co

NEW DELHI: JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra’s troubled foreign arm SsangYong Motor Company (SYMC) but the South Korean auto maker has expressed its inability to pay the amount now. Following the Korean automaker’s application for rehabilitation dated December 21, JP Morgan issued a notice […]

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