Mahindra & Mahindra Limited

From India

Mahindra & Mahindra Limited is one of the most prominent companies of India.

It is also one of the constituents of Nifty.

[edit] History

M&M is a major automaker in India. It is the flagship strategic business unit of the Mahindra Group.

The company was set up in 1945 as Mahindra & Mohammed. Later, after the partition of India, Mr. Ghulam Muhammad migrated to Pakistan and became that nation's first finance minister. Hence, the name was changed from Mahindra & Mohammed to Mahindra & Mahindra in 1948.

The company, was trading in steel with suppliers in England and the United States. Real business activity of M&M began by assembling complete knock down (CKD) Jeeps in 1949. The company later expanded to indigenous manufacture of Jeep vehicles with a high level of local content under license from Kaiser Jeep and later American Motors (AMC).

M&M soon branched out into manufacturing agricultural tractors and light commercial vehicles (LCVs).

[edit] Business

The M&M is comprised of the Automotive Sector, the Farm Equipment Sector, and the Systems & Technologies Sector. It is a leading manufacturer of Multi-Utility Vehicles (MUV) and tractors.

This page uses content from Wikipedia. The original article was at Mahindra & Mahindra Limited. The list of authors can be seen in the page history. As with the India Wikia, the text of Wikipedia is available under the GNU Free Documentation License.