was that of the Unite trade union representing workers at Aston Martin.
We are in favour of a deal that secures the future of the company and injects capital, said Tim Parker, a regional officer for the union. We have doubts about private equity because of the reputation the private equity industry has with regards to cutting costs. We are more positive on the Indian company which has a reputation and a stake in the industry.
Mahindra has had mixed success in its overseas forays. It pulled the plug this year on plans to roll out a pickup truck in the United States, although it has made progress turning around Ssangyong Motor Co, a money-losing South Korean SUV maker it bought for $460 million in March 2011.
It has been looking for acquisitions to expand its portfolio and gain access to new markets. Earlier this year, it was reported to be interested in buying at least part of Swedish carmaker Saab Automobile, later bought by a consortium.
Shares in Mahindra ended down 3.35 percent on Monday to close at 922.05 after hitting a record high earlier in the day. The broader market closed 0.16 percent higher.