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Mahindra & Mahindra Limited (M&M) is the flagship company of around US $ 2.5 billion Mahindra Group, which has a significant presence in key sectors of the Indian economy. A consistently high performer, M&M is one of the most respected companies in the country.
Set up in 1945 to make general-purpose utility vehicles for the Indian market, M&M soon branched out into manufacturing agricultural tractors and light commercial vehicles (LCVs). The company later expanded its operations from automobiles and tractors to secure a significant presence in many more important sectors. The Company has, over the years, transformed itself into a Group that caters to the Indian and overseas markets with a presence in vehicles, farm equipment, information technology, trade and finance related services, and infrastructure development.
M&M has two main operating divisions:
The Automotive Division manufactures utility vehicles, light commercial vehicles and three wheelers.
The Tractor (Farm Equipment) Division makes agricultural tractors and implements that are used in conjunction with tractors, and has also ventured into manufacturing of industrial engines. The Tractor Division has won the coveted Deming Application Prize 2003, making it the only tractor manufacturing company in the world to secure this prize.
The resurgence of the automotive industry and M&M's success in exploiting it, has created an opportunity to strengthen the company through an entry into the Auto Components business, the growth of which is being fueled by both, domestic and export demand.
M&M's outstanding manufacturing and engineering skills allow it to constantly innovate and launch new products for the Indian market. The Company's significant recent product launch, the "Scorpio", resulted in the Company winning the National Award for outstanding in-house research and development from the Department of Science and Industry of the Government in 2003.
The Company's commitment to technology-driven innovation is reflected in Company's plans of setting up of the Mahindra Research Valley, a facility that will house the Company's engineering research and product development wings, under one roof.
The M&M philosophy of growth is centered on its belief in people. As a result, the company has put in place initiatives that seek to reward and retain the best talent in the industry. M&M is also known for its progressive labour management practices.
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