Follow us on 
BS Motoring Web  
  Wednesday, Oct 01, 2014
 
HomeCarsBikesTravelGalleryBlogsWeb TVAbout us
  Tests    Reviews    News    Features    Motorsports    Motor shows    Classics    Quick Comparisons
 
Home Cars News
M&M unlikely to go aggressive
Earlier this year, M&M was in the race to buy Swedish car maker SAAB AG but backed out over valuation issues
By : BS Reporter | Published : November 11, 2012
Email   Print   [] Comment      
M&M unlikely to go aggressive
More Photos | Video
Mahindra & Mahindra (M&M) would not be an aggressive bidder to take over Aston Martin as the valuation was high and would require substantial investment, analysts said today, reacting to an offer received by the Indian company from Investment Dar Co, Aston Martin’s owner, to take over the marquee brand at a reported valuation of $800 million.

The Indian company is still consolidating its operations with Korean firm Ssyanyong by launching products from its portfolio. It took over Ssyangyong in 2010. M&M would rather wait for the valuation to come down or a cheaper option than make an aggressive offer for Aston Martin, said an analyst. Toyota is another car major that has started due diligence on Aston Martin.

An M&M official refused to comment, citing a company policy not to comment on speculation. Earlier this year, M&M was in the race to buy Swedish car maker SAAB AG but backed out over valuation issues. Saab was later taken over by a local company. “M&M had negotiated for Saab with General Motors to acquire technology despite the established fact that the company maintained it was a strong utility vehicle player. M&M wants to be a diversified player in the automobile space and the company has said it is open to acquisitions. The asking price for Saab was close to $500 million and this appears to be even more expensive,” a Chennai-based auto analyst said.

One of the reasons M&M may be interested in Aston Martin is that it does not have any super-luxury car model in its portfolio. Rival Tata Motors is reaping rich dividends by buying JLR, whose global profits are helping the parent post good results.

Pages :| 1 
Advertisements
Email Print [0] Comment        
blog comments powered by Disqus
Read Emailed Commented
Other Manufacturers Other Models
 
Explore BSMOTORING.COM
  Home   Cars   Bikes   Gallery   General   Resources   Explore Group Network
 Quick Comparisons
 Road Tests
 Motofocus
 Motorsports
 Destinations
 Tests
 Reviews
 News
 Features
 Motorsports
 Motor shows
 Classics
 Quick Comparisons
 Tests
 Reviews
 News
 Features
 Motorsports
 Motor shows
 Classics
 Quick Comparisons
 Photo Gallery
 Video Gallery
 Wallpaper
 Travel
 Blogs
 About us
 Archives
 Register
 Feedback
 Archives
 Advertise with us
 Contact Us
 Business-standard.com
 bshindi.com
 Archives
 Livemarkets
 smartportfolio II