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Mahindra CIE’s War Chest Ready For Acquisitions, Chairman Says

Mahindra CIE sees tremendous growth opportunity in India, its Chairman Hemant Luthra said

BQ Desk
Machine operatives work on engine components at a vehicle assembly plant. (Photographer: Luke MacGregor/Bloomberg)

Mahindra CIE Automotive Ltd. is scouting for acquisitions in India. The auto parts maker is looking at companies that will complement its existing technologies and customers, Chairman Hemant Luthra told BloombergQuint in an interview.

The war chest [for acquisitions] is ready.
Hemant Luthra, Chairman, Mahindra CIE Automotive Ltd.

Watch the full interaction here:

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