NEW DELHI, Jan 9 (Reuters) - India's Mahindra & Mahindra
will invest $900 million over the next four years in
products to be developed jointly with its South Korean unit
Ssangyong Motor Co Ltd, Mahindra's automotive
president said on Wednesday.
The investment is separate from Mahindra's planned spend of
50 billion rupees ($908 million) on its own products over three
years ending in 2014, said Pawan Goenka, who is also chairman of
luxury SUV manufacturer Ssangyong.
Mahindra, India's biggest utility vehicle manufacturer, also
builds tractors, trucks and motorcycles, and bought a majority
stake in the South Korean company in 2011 for $460 million.
($1 = 55.0700 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Daniel Magnowski)