The global ambitions of the utility vehicle maker, M&M are getting new shape by the day. As the company is bagging more and more names into its kitty, it is actually becoming one of the most recognized Indian brands among the global charts.

In fact, it may be noted here that the company has recently said that it will be bringing Ssanyong Motors, its most recent purchase as a debt free company into its umbrella. The Chief for operations for the automotive sector, Rajesh Jejurikar has recently said that M&M expects to bring Ssanyong into its portfolio with a clean state.

It has been learned from the sources that the company is planning to invest close to $400 million to acquire an equity stake in the cash-strapped utility vehicle major.

Moreover, Jejurikar also mentioned here that the Indian company plans to bring Ssangyong under its umbrella by December 2010 or maximum by January 2011. It is to be mentioned here that the company will retain the Ssangyong brand as a standalone brand. In fact, the company also plans to appoint a local executive to manage its businesses in the various markets.