Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is reportedly planning to invest around Rs 1,000 crore in developing petrol engines. The company is working with SsangYong Motor Company to jointly develop a 2.2-litre petrol engine, which is expected to be used in the Scorpio and XUV500. Additionally, it is developing 1.5-litre & 1.6-litre engines in-house. The development process of new petrol engines is to be completed in the next two to three years.

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.