Chennai: “Auto major Mahindra and Mahindra (M&M) would soon come out with a new Sports Utility Vehicle (SUV),” a company official said today.
Addressing an HR conclave , Allen Sequeria, M&M, Senior Vice-President HR, said, "The new SUV would be rolled out in another 15 days. But he declined to divulge any details about the product.”
Talking about his company, he said, “M&M will be a US Dollar one billion company in the auto component sector and the country’s leading tractor manufacturer by 2010.”
Sharing his thoughts on managing workplace diversity post-acquisition or merger of companies, he said “the first step to be a global manager is to change your mindset as your previous success strategy and management style may not be a recipe for success in different geographies.”
“The companies’ reluctance to change the mindset was the main reason for 60%-70% mergers and acquisitions failing,” he added.