Mahindra & Mahindra finalizing entry back into Egypt

INVESTMENT WATCH- Indian auto maker Mahindra & Mahindra is finalizing procedures for reentry into the Egyptian market after a three-year absence, a source told Al Mal. The company, which will target the mid-income segment, is in talks with various potential partners to begin assembling its models locally and has already set up an office in Egypt. The carmaker had previously shown interest in sectors like farming equipment.