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M&M, Ssang to develop new engine platforms

Auto major Mahindra & Mahindra on Thursday said that it is developing three new engine platforms, along with its Korean subsidiary SsangYong Motor, which are likely to hit the roads in the next two-three years in markets across the world. ‘We are looking at joint product development. Currently we are working together to develop three new engine platforms for both Mahindra & Mahindra (M&M) and SsangYong,’ M&M chief executive (Automotive Division) Pravin Shah said. Both companies are developing the engines keeping in mind India, South Korea and other markets around the world, he added. ‘It will take us 24-36 months to develop these engines,’ Shah said. He, however, declined to share details such as capacities of the engines or whether these will be fitted in small cars, sedans or sports utility vehicles. ‘M&M and SsangYong are working on to synergies strength of both the firms.

Apart from product development, we are also working on joint global sourcing and utilising global network for products,’ Shah said. Talking about the investments, Shah said M&M will put in Rs 4,000 crore in the next three years, while SsangYong will make an investment of Rs 1,500 crore.
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