Mahindra & Mahindra

Mahindra & Mahindra limited (M&M0 is an Indian multinational automotive in Mumbai.

It was established in 1945 as Mahindra & Mahindra. Part of the Mahindra group, M&M
is one of the largest vehicle manufacturers by production in India. Its subsidiary
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 competitiors in Indian market include Maruti Suzuki and Tata
Motors.
Mahindra and Mahindra was founded as a steel trading company on 2 October 1945 in
Ludhiana as Mahindra & Muhammad by brothers Kailash Chandra Mahindra and Jagdish
Chandra Mahindra along with Malik Ghulam Muhammad (1895-1956). Anand Mahindra, the
present chairman of Mahindra Group, is the grandson of Jagdish Chandra Mahindra.
After India gained independence and Pakistan was formed, Muhammad emigrated to
Pakistan, He acquired Pakistan citizenship and became they first finance minister
of Pakistan. He served as Governer-General of Pakistan from 1951 to 1956.
Chronology
In 1948, the company changed its name to Mahindra & Mahindra. They eventually saw a
business opportunity into manufacturing and selling larger MUVs and started
assembling under license of the willys jeep in India. Soon, M&M was established as
the jeep manufacturing in India. Soon, M&M was established as the jeep manufacyurer
in India, later commenced manufacturing light commercial vehicles (LCVs) and
agricultural tractors.
In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat
and in 2017 Mhindra renamed it as Gromax Agri Equipment Limited, as part of new
brand strategy and the models continew to be sold as trakstar.
In 2007,n M&M acquired Punjab Tractor Limited (PTL) making it the world�s largest
tractor manufacturer. Subsequent to this take-over, the former PTL was merged into
M&M and transformed as Sawaraj divison of Mahindra & Mahindra in the year 2009.
In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat
and in 2017 Mhindra renamed it as Gromax Agri Equipment Limited, as part of new
brand strategy and the models continew to be sold as trakstar.
In 2007,n M&M acquired Punjab Tractor Limited (PTL) making it the world�s largest
tractor manufacturer. Subsequent to this take-over, the former PTL was merged into
M&M and transformed as Sawaraj divison of Mahindra & Mahindra in the year 2009.

In October, 2014, Mahindra and Mahindra acquired a 51% controlling stake in Peugeot
Motorcycles and progressed to acquire a 100% contolling stake in October 2019.
In May 2015, Mahindra and Mahindra Ltd and affiliate Tech Mahindra Ltd, through a
special purpose vehicle (SPV), have agreed to buy a 76.06% stake in Italian car
designer Pinnifarina SpA, for $25.3 million (around Rs. 186.7 crore).
In October, 2014, Mahindra and Mahindra acquired a 51% controlling stake in Peugeot
Motorcycles and progressed to acquire a 100% contolling stake in October 2019.
In May 2015, Mahindra and Mahindra Ltd and affiliate Tech Mahindra Ltd, through a
special purpose vehicle (SPV), have agreed to buy a 76.06% stake in Italian car
designer Pinnifarina SpA, for $25.3 million (around Rs. 186.7 crore).

In October, 2014, Mahindra and Mahindra acquired a 51% controlling stake in Peugeot
Motorcycles and progressed to acquire a 100% contolling stake in October 2019.
In May 2015, Mahindra and Mahindra Ltd and affiliate Tech Mahindra Ltd, through a
special purpose vehicle (SPV), have agreed to buy a 76.06% stake in Italian car
designer Pinnifarina SpA, for $25.3 million (around Rs. 186.7 crore).
In June 2019, Mahindra entered into a joint venture with Ford by establishing Ford
India in which Ford by estabilishng Ford India in which Mahindra & Mahindra
acquired a controlling 51% stake. In January 2021, Mahindra ended its collaboration
with Ford Owing to global economic and Business condition caused by the pandemic.
In April 2020, the company ended its joint venture with Renault, with Mahindra &
Mahindra buying out Renault�s stake. Renault continues to license and transmission
to Mahindra & Mahindra.
Automobiles
Mahindra began assembling the Jeep CJ3 in 1954, and light commercial vehicles in
1956. In 1979 the licensed assembly of Peugeot diesel four-cylinder engines with
Kia Motors to built their four-speed KMT90 transmission and transfer case was
announced. Mahindra�s MM range was a mainstay of the lineup and was eventually also
offered with a 1.8- liter Isuzu petrol engine in addition to International and
Peugeot diesel. Mahindra started making passengers vehicles firstly with the logan
in April 2007 under the Mahindra Renault joint venture. M&M made its maiden enrty
into the heavy trucks segment with the Mahindra Trucks Segment with the Mahindra
Trucks and Bus Divison, the joint venture with International Truck, USA.

Mahindra produces a wide range of vehicles, including MUVs, LCVs and three-
wheeler. It manufactures over 20 models of cars, including larger, multi- utility
vehicles like the Scorpio and the Bolero. It formerly had joint venture with Ford
called Ford India Primitive Limited to built passenger cars.
At the 2008 Delhi Auto show, Mahindra executives said the company was pursuing an
aggressive product expansion program that would see the launch of several new
platform and vehicles over the next three years, including an entry-level SUV
designed to seat five passengers and powered by a small, turbocharged Diesel
engine. True to their world, Mahindra & Mahindra launched the Mahindra Xylo in
January 2009, selling over 15,000 units in its first six months.
Also in early 2008, Mahindra commenced its first overseas CKD operations with
the launch of Mahindra Scorpio in Egypt, in partnership with the Bavarian Auto
Group. This was Soon followed by assembly facilities in Brazil.
Mahindra & Mahindra has a controlling stake in Mahindra REVA Electric Vehicles. In
2011, it also gained a controlling stake in south Korea�s SsangYoung Motor Company.
Mahindra launched its relatively heavily publicized SUV, XUV500, code-name as W201
in September 2011. The new SUV by Mahindra was designed in- house and it was
developed on the first global SUV platform that could be used for developing more
SUVs. In India, the new Mahindra XUV500 came in a price range between Rs1,140,000-
1,150,000. The company was expected to launch three products in 2015 (two SUVs and
one CV) and an XUV500 hybrid. Besides India, the company also targeted Europe,
Africa Australia and Latin America for this model.