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    Thread: M&M eyes majority stake in Sonalika's SUV unit

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      M&M eyes majority stake in Sonalika's SUV unit

      Mahindra & Mahindra is in talks with Delhi-based Sonalika Group for a strategic stake in the latter’s SUV arm that makes the Rhino range of vehicles. The tractors and utility vehicles maker has been in talks to pick up a majority stake in International Cars and Motor (ICML) since late 2009, but there is no agreement on valuation yet, said a person privy to the negotiations.
      Source :: M&M eyes majority stake in Sonalika ... omic Times
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      may be M&M wants to enter the taxi market by capturing the Sonalika's RHINO
      Try walking into YOUR car rather than crawling. For me walking is always best ---GURU SHISHIR

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      Maybe they are looking at a cheaper SUV to their stable, something the Premier Rio is supposedly to fill.
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