Mahindra & Mahindra, which bought Korean brand Ssangyong a year ago, has announced plans to launch the Korando sports-utility vehicle in the South African market.

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Mahindra and Mahindra (M&M) signed an MoU with PSU Indian Overseas Bank (IOB) for vehicle financing on December 24, 2011. Arun Malhotra, M&M Senior Vice-President, Sales and Customer Care, exchanged the necessary documents with K. Subrahmanyam, IOB General Manager at a function held in Chennai on December 24.

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Mahindra and Mahindra has confirmed it will bring both the Korando and Rexton SUVs to India next year. The Korando and Rexton are both Ssangyong products, which M&M acquired a couple of years ago. While the Korando is an all-new SUV, the Rexton is based on a two-generation old Mercedes M-Class platform.

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Rajesh Jejurikar has resigned from his post as CEO of Mahindra & Mahindra's Automotive division. He will subsequently be joining Zee Entertainment Enterprises as the President of their media group in February 2012.

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Mahindra & Mahindra Ltd. (M&M) announced it has received 5000+ bookings for its newly launched XUV 500.

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M&M has christened its new SUV, codename W201, the XUV500. The XUV500 has been developed and designed entirely in-house by Mahindra, and is expected to be displayed to the public at the 2012 Auto Expo in New Delhi.

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Full specs and details of Korean SUV to be made in India by M&M

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