India Mahindra eyes SAfrican auto parts firm-paper

Newswire

MUMBAI, Nov 21 (Reuters) - A unit of Indian automaker Mahindra & Mahindra Ltd is in talks to buy South African auto parts maker S.P. Metal Forgings for $200-$300 million, the Business Standard said on Wednesday. A spokesman for Mahindra did not immediately return a call seeking comment. Components maker Mahindra Systems and Technologies, the unit of M&M, said recently it was looking to buy European engineering services firms for 20-30 million euros each. A senior company ...

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