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Mahindra & Mahindra Limited is one of the most prominent companies of India.
It is also one of the constituents of Nifty.
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).
|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.|