26-04-2017, 03:56 PM
Mahindra and Mahindra Limited (M & M) is an Indian automobile manufacturing multinational based in Mumbai, Maharashtra, India. It is one of the largest production vehicle manufacturers in India and the largest tractor manufacturer in the world. It is a part of the Mahindra Group, an Indian conglomerate.
It ranked No. 21 on a list of the best companies in India by Fortune India 500 in 2011. Its main competitors in the Indian market are Maruti Suzuki, Tata Motors, Ashok Leyland and others.
Mahindra & Mahindra was established as a steel trading company in 1945 in Ludhiana as Mahindra & Mohammed by the K.C brothers. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. After the independence of India and Pakistan was formed, Mohammed emigrated to Pakistan, where he became the country's prime minister of finance. The company changed its name to Mahindra and Mahindra in 1948. It eventually saw a business opportunity in the expansion in the manufacture and sale of larger MUVs, starting with the Willys Jeep licensed assembly in India. Soon established as the jeep manufacturers of India, the company later began manufacturing light commercial vehicles (LCV) and agricultural tractors. Today, Mahindra & Mahindra is a key player in manufacturing utility vehicles and branded sectors in the automotive industry of India with its flagship Mahindra XUV500 and utilizes the growing presence of India's global marketplace in the automotive industries And agricultural to push their products in other countries.
In recent years, the company has taken interest in new industries and foreign markets. M & M also has a controlling stake in the REVA Electric Car Company and acquired SsangYong Motor Company of South Korea in 2011. In 2010-11 M & M entered micro irrigation by dripping with the takeover of EPC Industries Ltd in Nashik.
It ranked No. 21 on a list of the best companies in India by Fortune India 500 in 2011. Its main competitors in the Indian market are Maruti Suzuki, Tata Motors, Ashok Leyland and others.
Mahindra & Mahindra was established as a steel trading company in 1945 in Ludhiana as Mahindra & Mohammed by the K.C brothers. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. After the independence of India and Pakistan was formed, Mohammed emigrated to Pakistan, where he became the country's prime minister of finance. The company changed its name to Mahindra and Mahindra in 1948. It eventually saw a business opportunity in the expansion in the manufacture and sale of larger MUVs, starting with the Willys Jeep licensed assembly in India. Soon established as the jeep manufacturers of India, the company later began manufacturing light commercial vehicles (LCV) and agricultural tractors. Today, Mahindra & Mahindra is a key player in manufacturing utility vehicles and branded sectors in the automotive industry of India with its flagship Mahindra XUV500 and utilizes the growing presence of India's global marketplace in the automotive industries And agricultural to push their products in other countries.
In recent years, the company has taken interest in new industries and foreign markets. M & M also has a controlling stake in the REVA Electric Car Company and acquired SsangYong Motor Company of South Korea in 2011. In 2010-11 M & M entered micro irrigation by dripping with the takeover of EPC Industries Ltd in Nashik.
