Mahindra & Mahindra Ltd.

Mahindra & Mahindra, the country’s largest car maker is likely to tie-up with Yamaha India in the two-wheeler segment. The joint venture is expected with the capital infusion between Rs 200-300 crore and Mahindra will pitch in 51% of the capital and Yamaha will bring in 41%.

M&M is looking for a technical tie-up as it lacks technology for the two wheeler business, while Yamaha is looking to gain from M&M's distribution and dealership network. The deal is expected to be ready for closure in the next 6-8 months.

Earlier in 2008, M&M had entered into the two-wheeler segment by acquiring 80% stake for Rs 110 crore in Honda's former Indian partner Kinetic Motor Company.

The company’s net profit after tax for the quarter has marginally declined by 2.78% of Rs 737.38 crore as compared to Rs 758.49 crore for September quarter of the year 2010. The company’s total income has increased by 34.75% at Rs 7592.14 crore for Q2FY12 as compared to Rs 5634.13 crore for the corresponding quarter of the previous year.