President Mahindra's investment of 1.3 trillion won,

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] President Moon Jae-in discusses the sacking of Ssangyong Motor's president and former Ssangyong Motor chief, Mahindra Group, Anand Mahindra, as a prelude to the roundtable held Tuesday afternoon in New Delhi, India.
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Mahindra President Anand Mahindra Group, the largest shareholder of Ssangyong Motor, announced the possibility of an additional investment of 1.3 trillion won, Ssangyong Motors is known to raise funds from on his own.

Mr. Cha stated during a telephone conversation with <오마이뉴스> that "President Mahindra's remarks relate to the investment that Ssangyong plans to invest in the future, which does not mean that 1.3 trillion won is directly invested. "

Mahindra will meet President Moon Jae-in, who is on an official visit to India, and will invest 1.3 trillion won in the next three to four years.

Ssangyong Motor "President Mahindra's investment remarks mean internal financing" Ssangyong Motor said that this investment is a new fund, but it is not about 39, an amount entering the Mahindra group.

Jung Sang-moo said, "We invest 400 billion won a year, all through self-supply." Self-supply means sales revenue, loans to financial institutions, and so on. These funds are used to develop new cars. The company is currently preparing an eco-car based on a small sport utility (SUV), and will show its successor in the first half of next year with a substandard sport utility vehicle (SUV), Korando (C) [19659008].
presented at the 6th Geneva Motor Show in Geneva on June 6th Concept-car SsangYong Motor EV, e-SIV E-SIV concept car from SsangYong Motor, presented at the 88th Geneva Motor Show in Geneva June 6, 19659003] Ⓒ Ssangyong Motors

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The company also claims that the Mahindra group is doing enough to play as than parent company. "When Ssangyong Motor enters the overseas market, it plays a major role in guaranteeing payments." Mahindra Group, a parent company, will issue guarantees on behalf of Ssangyong Motor, which has a bad credit rating due to a 10-year deficit.
However, the union is of the opinion that there is a limit to self-supply recovery. Kim Suk-jung, director of Ssangyong Metal Co., Ltd., said, "Investing in research and development is an investment that avoids chronic deficits by investing more actively, for example by increasing capital. .

The difference in temperature is always active.

Ssangyong Metal Metal Union "Direct Investment such as the Mahindra Capital Increase" [ad_2]
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