SsangYong Motor Company is a subsidiary of Indian multinational automotive company Mahindra & Mahindra Limited and the fourth largest South Korea-based automobile manufacturer.
A 70% share of SsangYong was acquired by Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company. Mahindra’s acquisition was approved by South Korea’s Free Trade Commission. As of January 2019, Mahindra & Mahindra Limited holds 74.65% stake in the company.

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co. (Hangul: 하동환자동차공업주식회사) In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor (Hangul: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986

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