As India’s biggest SUV brand continues its aggressive international expansion, carmaker Mahindra & Mahindra now announced plans to build a development centre in the UK.
According to two sources inside the company, Mahindra will build the engineering and design facility in the UK to help it enter the European market and increase its technological prowess.
Mahindra’s move into the UK mirrors those made by western brands seeking to gain access into China as automakers have been fighting to spread their research centers into overseas markets as the industry is now increasingly globalized.
The UK is “top of the list” for a European R & D centre, according to Mahindra’s president Pawan Goenka, but the executive added the company would need another three to four months t decide.
“We need to expand our R & D network beyond India now, given the size of the company and the kind of products we are working on,” Mr Goenka said.
The Indian carmaker, the flagship brand of the Mahindra Group, has been rumored with takeover bids for western car brands JLR, Aston Martin and SAAB in recent years, as the company was aiming to raise its global profile.
Via Financial Times