Mahindra & Mahindra to Acquire SAR Auto Parts

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.