Epic Uodate : M&M

-Signed sale purchase agreement for buying out Navistar stake earlier this week
-Q4 stronger compared to Q3 for commercial vehicle (CV) segment
-Expect CV to start turning around from Q1FY14
-Ssangyong sales increased by 6-7% in 2012
-Growth for South Korean market was 23 percent for 2012
-Market share for Ssangyong increased to 14 percent from 11 percent in South Korea
-Looking at building up capacities for Ssangyong
-Sticking to USD 900 million investment for production development
-No more Ssangyong products till Rexton sales stabilise at 600 units per month
-No significant expectations for tractors to sell more than 4-5 percent in FY14

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