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Mahindra and Mahindra signs pact Mahindra and Mahindra signs pact to acquire Ssang Yong Motorsto acquire Ssang Yong Motors Mahindra & Mahindra (M&M) has signed a MoU

with Ssang Yong Motor to acquire its majority stake.

SsangYong Motor is South Korean SUV maker.

China's SAIC Motor Corp owns 10 % in it and about 70 % is held by creditors.

M & M are committed to leveraging SsangYong's strong competencies in R&D and technology by investing in a new SYMC product portfolio.

Ford to storm Indian market with Ford to storm Indian market with eight new models, create export eight new models, create export hubhubFord will storm the fast-growing Indian

market with eight new models.

Ford will turn India into an export hub for its popular locally made Figo hatchback.

Ford has invested one billion dollars in the country in the past decade.

Sales of vehicles in India have grown at an average annual rate of 17 percent over the past five years.

Coca-Cola enters dairy-based Coca-Cola enters dairy-based beverages segmentbeverages segment

Coca-Cola launched milk-based mango drink “Maaza Milky Delite”.

It has chosen Kolkata for its test marketing.

The national roll-out of it would take place after the product's test marketing in Kolkata.

The product would be manufactured at the company's bottling plant at Taratolla.

Marico buys Ingwe brand from SA Marico buys Ingwe brand from SA coco

Marico Industries has acquired an over-the-counter healthcare brand called Ingwe from South Africa-based.

The Mumbai-headquartered company had entered South Africa in 2007.

Marico’s South African business recorded a 34% growth in FY10.

Ingwe products have a current turnover of Rs.15 cr.

HUL hikes soap prices to offset HUL hikes soap prices to offset rising input costrising input cost

HUL has hiked the prices of Lifebuoy soap by over 6% & reduced the pack size of Lux.

Price of its 120 gm Lifebuoy soap has been hiked to Rs 16 from Rs 15.

It has also stopped the promotional offer for its Lux soap.

This all has been done due to increase in cost of ingredients like the price rise in crude oil is around 11% from June to August.