Mahindra & Mahindra Ltd.

Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Mahindra & Mahindra’s long term bank facilities worth Rs 184 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 66 crore. The long term rating of the bank facilities of Mahindra & Mahindra (M&M) continue to factor in the healthy operational performance consistently delivered by the company. The company enjoys the market leadership position in its key product segments with 40.6% market share in tractor segment and 41.7% market share in Utility Vehicles (UV) segment in India and has demonstrated stable operating performance over a long period of time and across business cycles.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.