The utility vehicles and tractor maker Mahindra & Mahindra recently said that the company believes it will be able to complete the Ssangyong buy within a period of four months.

Moreover, the president for automotive sector and Member of the board, Pawan Goenka recently said that the company will have a South Korean executive for managing the company and the brand will remain intact.

In fact, M&M vice-chairman and managing director Anand Mahindra also pointed out the fact while announcing the Ssangyong buy that Ssangyong brings with it a rich legacy of R&D and innovation for the company.

As far as the ownership structure of the target company goes - China’s SAIC Motor holds a 10% stake while 70% is held by creditors.

However, Mahindra will be aiming at getting close to 70% share in Ssangyong.

The cash-strapped company, Ssangyong is South Korea’s smallest carmaker, which makes low-priced but robust SUVs. Its portfolio includes brands such as Rexton, Kyron and Actyon apart from a handful of sedans.