- M&M, is the Largest Utility Vehicle Manufacturer in India, producing
1,24,795 vehicles (i.e MUV & LCV) & 23,230 three-wheelers vehicles annually as compared to 99,875 vehicles & 17,796 three-wheelers vehicles in the previous year.
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- M&M,is also the Largest Tractor Manufacturer in India. The division has
been the market leader for nineteen consecutive years in the highly competitive
Indian market.The company has achieved a great milestone during the year by producing 1 millionth tractor on 9th November,2004.
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- The origins of M&M's MUV division lie in the collaboration (in 1954) between
the company and the US-based Willys Overland Corporation.
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- Other activities of M&M include Auto Components, Finance, Telecom, Infrastructure,
International Trading, IT & Software Consultancy, Steel Manufacturing
etc.
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- FORD started manufacturing cars in India in joint venture with M&M. FORD
also has an equity in M&M. Other important joint venture of M&M include
Mahindra British Telecom.
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- The group turnover increased during F2003 by 13 % to Rs. 6194.98 crores
from Rs. 5472.68 crores in the previous year. The consolidated profit
after tax during F2003 at Rs. 216.18 crores recorded a growth of 75 %
over the previous year level of Rs. 123.31 crores.
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