Mahindra & Mahindra Limited is an Indian multinational car manufacturing corporation headquartered in Mumbai, Maharashtra, India. It was established in 1945 as Mohammad & Mahindra and later renamed as Mahindra and Mahindra. 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 the Mahindra Group, an Indian conglomerate.
Mahindra & Mahindra was set up as a steel trading company in 1945 in Ludhiana as Mahindra & Mohmmed by brothers Kailash Chandra Mahindra and Jagdish Chandra Mahindra along with Malik Ghulam Mohammed. Anand Mahindra, the present Chairman of Mahindra Group is the grand-son of Jagdish Chandra Mahindra. 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.
Over the past few years, the company has taken interest in new industries and in foreign markets. They entered the two-wheeler industry by taking over Kinetic Motors in India. M&M also has a controlling stake in the REVA Electric Car Company and acquired South Korea’s SsangYong Motor Company in 2011.In January 2017, Mahindra and Mahindra Ltd (M&M) acquired a 75.1 equity stake in Hisarlar Makina Sanayi ve Ticaret Anonim Şirketi (Hisarlar), a farm equipment company, marking its entry into Turkey.