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Mahindra & Mahindra Limited

Mahindra & Mahindra India Limited
Public
Traded as
BSE SENSEX Constituent
Industry Automotive
Founded 1945 (Ludhiana)
Headquarters Mumbai, Maharashtra, India
Area served
Worldwide
Key people

Anand Mahindra (Executive Chairman)

Pawan Goenka (MD)
Products Automobiles, commercial vehicles, two-wheelers
Revenue Decrease72,474 crore (US$11 billion) (2015)
Decrease8,793 crore (US$1.4 billion) (2015)
Decrease2,592 crore (US$400 million) (2015)
Total assets Decrease61,239 crore (US$9.5 billion) (2015)
Number of employees
39,276 (March 2016)
Parent Mahindra Group
Subsidiaries Mahindra two Wheelers limited
SsangYong Motor Company
Peugeot Motorcycles (51%)
Website www.mahindra.com

Anand Mahindra (Executive Chairman)

Mahindra and Mahindra Limited (M&M) is an Indian multinational automobile manufacturing corporation headquartered in Mumbai, Maharashtra, India. It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world. It is a part of Mahindra Group, an Indian conglomerate.

It was ranked 21st on a list of top companies in India by Fortune India 500 in 2011.

Its major competitors in the Indian market include Maruti Suzuki, Tata Motors, Ashok Leyland and others.

Mahindra & Mahindra was set up as a steel trading company in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. After India gained independence and Pakistan was formed, Mohammed emigrated to Pakistan where he became that country's first finance minister. The company changed its name to Mahindra & Mahindra in 1948. It eventually saw a business opportunity in expanding into manufacturing and selling larger MUVs, starting with the assembly under licence of the Willys Jeep in India. Soon established as the Jeep manufacturers of India, the company later commenced manufacturing light commercial vehicles (LCVs) and agricultural tractors. Today, Mahindra & Mahindra is a key player in the utility vehicle manufacturing and branding sectors in the Indian automobile industry with its flagship Mahindra XUV500 and uses India's growing global market presence in both the automotive and farming industries to push its products in other countries.


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