MUMBAI – Mahindra & Mahindra Ltd., maker of SUVs and farm tractors, is in early talks to buy bankrupt Daewoo Motors India Ltd.’s engine and transmission unit, as well as an aluminum foundry. The facilities are not part of a recent offer made by General Motors India Ltd. to take over Daewoo India’s closed assembly plant in Surajpur to expand production. (See related story: GM India to Buy Defunct Daewoo Plant) Scorpio SUV helped Mahindra sales jump 40%. A court-appointed ...
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