58.20 (1.87%) Mahindra Defence Systems has signed a Memorandum of Understanding (MoU) with Bharat Electronics (BEL) to jointly address emerging opportunities in the domestic market under the policy initiatives of the Government of India, like ‘Make in India’ and the ‘Export Promotion Policy’ of the Ministry of Defence to target the export market. This partnership can be grown not only to meet the requirements of Indian Armed Forces but also to target exports to other friendly countries.
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.