58.20 (1.87%) Mahindra & Mahindra (M&M) has incorporated subsidiary company in Mexico viz. Mahindra Mexico S. de. R.L. It was incorporated as a 99% subsidiary of Mahindra USA Inc, which in turn is a 100% subsidiary of M&M. Mahindra Mexico S. de. R.L. was incorporated to promote Mahindra Brand in Mexico and expand its reach into Mexico to promote higher HP tractors.
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.