The automotive arm of the conglomerate, M&M Group has recently said that the company will take a decision on whether to bid for the cash strapped Korean auto major, Ssangyong Motors or now at a later stage of time until it gets more close to the deadline of submitting the final bid.

The company said in a statement that it is still awaiting some additional information that may influence its decision of whether to bid or not for Ssangyong.

While the final deadline to submit the bid stands as August 10, it is to be mentioned here that Mahindra is among the six firms short-listed to make a bid for the cash-strapped Korean firm, which has been under court-led restructuring since early 2009.  

The other names that are in the race for bagging this troubled automaker are the French auto major, Renault and the home-grown Ruia Group, among others. Ssangyong that mainly manufactures SUVs and recreational vehicles will perhaps fit the bill of M&M as it is also looking at taking the company on a global level but we will get to know the final buyer in a due course of time.