58.20 (1.87%) Mahindra & Mahindra (M&M) is in the process of developing and introducing petrol engines for its product line-up to counter drop in sales of diesel models over the last few years due to high taxation. The company is also working towards building cost-effective BS-VI compliant solutions for its diesel engine portfolio.
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.