M&M’s so called acquisition drama with the Bangalore based REVA may see the climax on Wednesday. Its earlier acquisition episodes with Punjab Tractors and Kinetic Motors had not got this much significance. With this, M&M will electrify its market share with a substantial share from REVA is almost certain. M&M may plug in its deal of acquiring PE Investors Global Environ Find and Draper Juvertson which may accumulate to $100 million.
However there is no official communication in this regard from M&M as a matter of policy. In the event of finalizing the deal, it is assumed, M&M may procure share of electric version for its cars, buses and LCVs. By acquiring this established deal, M&M will certain to penetrate the global markets such as US, Europe and Asia Pacific. M&M is eyeing on the deal with Korean SUV maker SSangyong Motors.
The deal will envisage M&M to have the major say with REVA looking after the management. In the meantime, REVA for its part, is building a new plant with 30000 units capacity at an investment of Rs120crore for R&D. REVA will see the break even of its business in 2010. in all M&M has the nuance of strengthening the R&D to expand the product range and getting into the mass.