Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
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GM in discussion with M&M to provide servicing of all its vehicles: Report

Date: 13-06-2017

General Motors (GM) is reportedly in discussion with Mahindra & Mahindra (M&M) to provide servicing of all GM vehicles currently running in India. GM is in the process of carving out its dealership and service businesses between two of its major competitors - M&M and Maruti Suzuki.

The agreement between M&M and GM could be a contract service deal under which M&M workshops and dealerships in India will service all GM vehicles at mutually agreed rates. GM will pay M&M a royalty for these services.

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.