M&M may enter finance investment market in Sri Lanka

M&M may enter finance investment market in Sri LankaAfter firming up its plans to launch a slew of automotive products in the Sri Lanka market, Mahindra & Mahindra Ltd., India’s largest maker of sport-utility vehicles has recently said that the company may look into providing auto loans and setting up resorts in Sri Lanka as the island’s economy recovers after the end of a civil war.

In fact, Vice Chairman and Managing Director of the company, Anand Mahindra has recently said that there are huge opportunities in the Sri Lankan market.

Moreover, the company also said in a statement that Mahindra & Mahindra Financial Services Ltd. may provide auto loans and also lend for rural housing. It is to be mentioned here that the company is now planning to go all guns blazing to the Sri Lankan economy and the steps are going in the direction of making the Group a global entity.

It may be recalled here that Anand made surely made Mahindra a well-managed Group and has also taken it beyond the UVs in due course of time. And the next goal is to make the company a global giant.