Live and let live…

Apart from the automotive sector, the company has also fortified its presence in real estate and financial services

The Mahindra group is on a true expansion binge. In yet another international collaboration doing the rounds, the Rs. 94.5 billion Mahindra & Mahindra has signed a memorandum of understanding with French car maker Renault. Under the agreement, the duo will set up a green field plant within five years. The plant will have an annual capacity of 500,000 units and will be primarily used for the Logan model range. The Scorpio as a product is the single largest contributor to the company’s fortunes today, the net income of the company last year stood at a whopping Rs. 83.2 billion. The subsequent updated version of Scorpio as well as some minor modifications in other model ranges including the Bolero and Marshall MUVs (Multi Utility Vehicles) have further added value. Last year the company produced 128,601 vehicles and this includes 2705 LCVs (Light Commercial Vehicles) as well. About 22,317 three wheelers were produced at the same time. The company has been present in almost every emerging sector.

To read more on IIPM Publication Article, please click here..., please also visit: IIPM Publications, Arindam Chaudhuri Initiative, Business & Economy

Source: IIPM, 4Ps, B&E