Mahindra & Mahindra has exited its interest in Turkey’s Erkunt Foundry, selling its stake to a consortium led by Hisarlar Makina Sanayi. The company says the move is part of its capital allocation strategy. The transaction is reported at 100,000 Turkish Lira, with control transferred to the new consortium.
Mahindra & Mahindra is reportedly in advanced talks to upgrade its South African facility, potentially starting completely knocked-down (CKD) vehicle production. The plan targets growing demand for affordable cars while reducing dependence on imports and dodging possible tariff costs. By boosting local manufacturing, the company aims to strengthen its foothold and compete more aggressively as China-backed rivals gain market share.
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After years of stagnation, SML is showing early growth since Mahindra took over. The question now is whether a niche school bus maker can expand fast enough to challenge industry heavyweights like Tata Motors and Ashok Leyland—without getting squeezed on scale, supply, and competitive pricing in a crowded market.
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