As the Indian SUV maker, Mahindra & Mahindra will complete its acquisition of the cash-strapped SUV maker, Ssangyong Motors, it has been learned that the company is planning to bring its products to the Indian market as well.

While the company is expecting close to deal in a span of the next four months, it has been learned that the company is looking at launching a new product in the Indian market later this year which will be build on the new compact SUV, Korando platform. Pawan Goenka, president and CEO, M&M (automotive sector) said that the company may look at bringing the products to the Indian market.

For the record, the product portfolio of the Korean auto major starts at a price band of close to Rs. 12 lakh. It is to be mentioned here this is a segment where the top model of Scorpio ends. It may be noted here that the company has already sign a memorandum of understanding to buy a majority stake in Ssangyong a few weeks back.

Clearly, M&M is targeting to become a major player in the SUV space with the acquisition of Ssangyong.