At the launch of the new Ssangyong Rexton RX6 variant in India this week, the Indian auto major Mahindra & Mahindra Ltd announced that the company is currently developing six new engines in collaboration with its Korean subsidiary. The said engines will serve the future products coming from both the companies. This was revealed by Mr Arun Malhotra, chief sales and customer care officer of the Automotive Division, Mahindra & Mahindra Ltd at the launch event.
When Mahindra acquired the Korean brand Ssangyong back in 2011, we knew that it would be a profitable deal for the Indian major, as the latter would hugely benefit from the technological know-how and advancements made by the former. In return, the Korean subsidiary, would get the sound financial backing from the Indian auto giant, it longed for.
“There will be joint research and development for six engines between Mahindra & Ssangyong.” Malhotra said. He however, did not reveal any details like whether the new engines would use diesel or petrol fuel or would the engines be built in India or Korea or to what segments the said engines will cater to. That said, Mr Malhotra did mention that since the company enjoys 40 to 45 per cent market share in the SUV segment, their focus will be on the utility segment.
Lastly, it is also understood that Mahindra and Ssangyong have been working together to come up with a company SUV platform that will be underpin their new Ford EcoSport and Renault Duster rival. “Mahindra most likely will have a version of a car on that (X100) platform. There are future products that we will collaborate on where a common platform either of Mahindra or Ssangyong could potentially be used for both.” Malhotra concluded.