New SsangYong Concept XUV 1 Small CUV to Break Cover in Frankfurt

Indian conglomerate Mahindra & Mahindra's acquisition of SsangYong earlier this year resulted in a fresh investment into the South Korean automaker, which is now preparing a new concept model for the Frankfurt Motor Show.

Today, SsangYong released three cryptic renderings of the Concept XUV 1 that is being described by the automaker as a "premium Crossover Utility Vehicle (CUV)".

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SsangYong Returns to the UK with Brand New Korando SUV

SsangYong is making a comeback to the UK market in September. And its return will be spearheaded by the all-new Korando crossover which has no relation whatsoever with its predecessor.

The newcomer is priced from £16,995 with the Korean company, which is owned by the Indian conglomerate Mahindra & Mahindra, setting its eyes on the likes of the Hyundai ix35, Kia Sportage, Mitsubishi ASX and Nissan Qashqai.

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Mahindra Wants to Become “India’s First Global Cult Brand”

M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate.

M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.

Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brand”.

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