Mahindra & Mahindra Live Stock Chart

M_M Chart by TradingView

Mahindra & Mahindra (MNM), established in 1945, is a well diversified company having its presence in the auto sector, auto components, farm equipment, infrastructure development, telecom and software and trade and financial services. It is a leading name in the general-purpose utility vehicles market in India. In 1995, M&M took over Allwyn Nissan, a loss-making Indo-Japanese LCV maker, which expanded its market presence in the LCV segment. It introduced three new tractor models during the last two years in the 30-35, 40, 45-50 HP segments, apart from its traditional strength in the 25 HP segment. The company also has a 50:50 joint venture with Ford of USA. The factory, situated in Nasik, Maharashtra has been producing the Escort model since September 1996. In 2005, M&M also took over the forging business of Amforge Industries. The business was merged in a wholly-owned subsidiary, Mahindra Automotive Steels. MNM and International Truck and Engine Corporation entered into a JV to manufacture trucks and buses in India. Also with a view to entering the passenger car segment, a growing segment of the Indian automobile sector, M&M entered into a joint venture with Renault to introduce the new sedan Logan in India. The company entered new export markets including South Africa, Uruguay, UAE and Malaysia. The company exported 3,046 vehicles during the year under review as compared to 1,607 vehicles in the previous year.