58.20 (1.87%) Mahindra & Mahindra (M&M) is in race for a $6 billion order from the US government for postal delivery vehicles, and will submit over a dozen prototypes for road-testing between September and November this year as the process enters its final round. It is competing with four other companies for this high-value contract. If the company bags this contract, it will provide 1.8 lakh vehicles over a six-year period as the postal department liquidates its old fleet.
Mahindra and 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.