Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3178.65
58.20 (1.87%) M&M’s arm plans to set up greenfield manufacturing facility in US
Date: 15-07-2017Mahindra & Mahindra’s (M&M) wholly-owned subsidiary, Mahindra USA is planning to set up a greenfield manufacturing facility for tractors in the US in the next three-five years. The new facility will help the company to cater to the growing demand for its products in the country.
The company will also move to the bigger segment of tractors - up to 160 hp - with the setting up of the new facility.
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.