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Mahindra Automotive North America history
Mahindra Automotive North America company history timeline
Mahindra & Mahindra Ltd was incorporated on October 2 1945 with the name Mahindra & Mohammed Ltd.
The company was renamed as Mahindra & Mahindra Ltd in the year 1948.
In the year 1991 the company introduced commander range of vehicles in the market.
Also they established Mahindra Financial Services Ltd as a wholesale fund provider.In the year 1995 Mahindra Holding & Finance Limited became a subsidiary of the company to carry out business as an investment company.
In the year 1996 Mahindra Ford India Limited was established a joint venture with Ford Motor Company USA to manufacture passenger cars.
They launched Mahindra MaXX a multi-utility vehicle positioned with the caption 'Maximum Space Maximum Comfort'. They made a tie up with Renault for Petrol Engines.In the year 2002 the company launched Scorpio a new generation world-class sports utility vehicle.
In the year 2003 they launched Invader a sporty open top vehicle and MaXX Pik Up.
Also they established Mahindra International Ltd a joint venture with International Truck and Engine Corporation to manufacture trucks & buses in India.In the year 2006 the company acquired the Stokes Group of UK the largest automotive forgings company in the UK. They launched the Scorpio V-series.
During the year Mahindra Two Wheelers wins 3 Awards at the CMO Asia - Manufacturing Excellence Awards 2013.
The company also signed an agreement with Telephonics Corporation to form a joint venture named as Mahindra-Telephonics Integrated Systems Limited.In 2013 the company inked partnership with online shopping portal Snapdeal.com to sell its two-wheeles on the site.
Mahindra 2 Wheelers opens new dealership in Zirakpur Punjab.In 2014 the company introduces 'Yoga Seats' in Quanto Compact SUV. During the year the company signs MoU with Government of Bhutan to promote usage of Electric Vehicles in the country.
On 22 March 2016 the Agri Business vertical of M&M announced the launch of its branded milk under the Saboro brand.
On 15 February 2017 M&M announced that it has introduced DiGiSENSE a revolutionary connected vehicle technology solution in its leading tractor brand Arjun Novo.
On 25 September 2017 M&M announced the launch of the luxurious high-end T10' variant of its SUV TUV300.
On 20 September 2017 M&M announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt) the 4th largest tractor brand in Turkey.
30.45 crores discharged by MFCWL by way of cash and shares of MFCWL aggregating around 0.75% of MFCWL's fully diluted share capital.M&M won the Golden Peacock Global Award for 'Excellence in Corporate Governance' for 2019.
Glance user base grows by 30% YoY to reach 183 million in Q1 2022
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Mahindra Automotive North America competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tata Motors | 1868 | $42.0B | 78,906 | - |
| Lucas TVS | 1961 | $65.4M | 3,000 | - |
| Pratt & Miller Engineering | - | - | - | - |
| Renault-Nissan Alliance | 1999 | $500.0M | 30,000 | - |
| MSX International | 1996 | $1.3B | 6,000 | 111 |
| Satyam Venture | 2000 | $670.5K | 11 | - |
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