India’s Mahindra reportedly interested in Saab image

Mahindra & Mahindra, India’s largest SUV manufacturer, is interested in buying at least parts of bankrupt Swedish carmaker, according to Bloomberg.

The site quoted two people familiar with the matter who said Mahindra is currently preparing to approach the two court-appointed administrators overseeing Saab’s bankruptcy in order to buy parts of the carmaker or the entire company. The two people declined to be identified because the plans are private. Mahindra hasn’t yet held talks with the administrators. Mahindra spokeswoman Roma Balwani declined to comment, while Chief Financial Officer Bharat Doshi wasn’t available for comments.

Saab owner Swedish Automobile’s CEO Victor Muller said this month that several parties had expressed interest and that Saab still has a chance of emerging from bankruptcy. One of the people also said at least one Turkish company is interested in Saab, as the Turkish government wants to have a car brand of its own and is trying to help a manufacturer take over at least parts of Saab.

Saab filed for bankruptcy on December 19 after running out of cash. Saab first halted production in March, when it was unable to pay suppliers.