Mahindra & Mahindra Limited (M&M) is an Indian multinationalautomotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit Mahindra Tractors is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki and Tata Motors.
| Website | auto.mahindra.com |
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Mahindra & Mahindra Ltd. history, profile and history video
Mahindra & Mahindra Ltd. manufactures different range of automotive vehicles, agricultural tractors, implements and industrial engines. It is the flagship company of the Mahindra group, operating in the global tractor industry and the Indian utility vehicles market. Through its subsidiaries, the company operates in industries such as aerospace, aftermarket, agribusiness, automotive, components, construction equipment, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. The company’s portfolio comprises of a wide spectrum of vehicles from two wheelers to heavy trucks, SUVs to school buses. Its services include maintenance and repairs, customization, providing spares, and manufacturing and engineering. The company specializes in consulting on automotive style, engineering, computer-aided engineering, and project management. It also offers concept definition for two wheelers, passenger vehicles, and light and heavy trucks. The company manufactures a wide range of light commercial vehicles and heavy commercial vehicles that are rugged, reliable, environmentally friendly and fuel-efficient. Through a joint venture with Navistar Inc, it produces diesel engines for medium and heavy commercial vehicles in India. The company operates through two segments: Business and Secondary. The Business segment consists of following segments. The Automotive Segment comprises of sales of automobiles, spare parts and related services. The Farm Equipment Segment comprises of sales of tractors, spare parts and related services. The IT Services comprises of services rendered for IT and Telecom. The Financial Services comprise of services relating to financing, leasing and hire purchase of automobiles and tractors. The Steel Trading and Processing comprises of trading and processing of steel. The Infrastructure comprise of operating of commercial complexes, project management and development. The Hospitality comprises of sale of Vacation ownership. The Systech comprises of automotive components and other related products and services. The Others comprise of Logistics, After-market, Two wheelers, Investments etc. The Secondary Segment consist of two segments: Domestic and Overseas. The Domestic segment includes sales to customers located in India and service income accrued in India. The Overseas segment includes sales and services rendered to customers located outside India. The company was founded by Jagdish Chandra Mahindra and Kailash Chandra Mahindra on October 2, 1945 and is headquartered in Mumbai, India.“
“Mahindra & Mahindra History
Founded in 1945 as a steel trading company, we entered automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Over the years, we’ve diversified into many new businesses in order to better meet the needs of our customers. We follow a unique business model of creating empowered companies that enjoy the best of entrepreneurial independence and Group-wide synergies. This principle has led our growth into a US $16.5 billion multinational group with more than 180,000 employees in over 100 countries across the globe.
Today, our operations span 18 key industries that form the foundation of every modern economy:aerospace, aftermarket, agribusiness, automotive, components, construction equipment, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers.
Our federated structure enables each business to chart its own future and simultaneously leverage synergies across the entire Group’s competencies. In this way, the diversity of our expertise allows us to bring our customers the best in many fields.”
*Information from Forbes.com and Mahindra.com
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