Perhaps the M&A strategy of M&M has not stopping for the short-run. After bagging companies like Reva and Ssangyong, the company has set its sight on the loss-making Scooters India.

While the company has recently confirmed that it is in the race for buying the government owned company but it has mentioned that its final decision will largely depend on the valuations of the company.

It is to be mentioned here that the Minister of Heavy Industries & Public Enterprises, Vilasrao Deshmukh hinted recently that whosoever will come up with the best package will get the first opportunity at the company.

Clearly, the company is looking at stuffing its bag with loads of money by shedding out its 74% stake in the loss making company. It may be noted here that a majority stake in Scooters India will mean a high presence in the three-wheeler segment for Mahindra & Mahindra.

However, there are other players like Bajaj Auto and Atul Auto who are also in the race and will be trying their level best to their hands on this lucrative pie. M&M also plans to launch the products of Ssangyong in the Indian market after it will complete its acquisition deal.