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Mahindra & Mahindra to Acquire SAR Auto Parts

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December 21, 2003—Indian conglomerate Mahindra & Mahindra is in the final rounds of negotiations to acquire SAR Auto Products, a Rajkot, India-based manufacturer of gears and transmission components for tractors and other off-highway equipment.

SAR Auto manufactures more than 100,000 gears a month and is currently a supplier to Mahindra & Mahindra as wellas other major transmission manufacturers.