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- PICS: Auto sector drives past bad phase, hopes for better
MAHINDRA COLLABORATES WITH SSANG YONG: Homegrown auto major Mahindra remained committed to jointly invest USD 900 million (nearly Rs 4,927 crore) with its South Korean subsidiary SsangYong Motor Company to develop products over the next four years. It also announced a multi-structured deal to pick up 13.5 per cent stake in Spain's auto component maker CIE Automotive for 96.24 million euros (nearly Rs 740 crore).