Corporate
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New Projects
M&M expands overseas business
Our Bureau
Mumbai
,
Aug 21
Mahindra & Mahindra (M&M) has entered into a contract with the Government of Gambia to supply tractors along with matching implements.
To offer sales and after sales service, the company is going to set up a satellite plant that will assemble these tractors. It is the first commercial venture that the tractor company has signed with an African country.
Besides Ghana, the company has expanded its tractor business in China, (acquiring 80 per cent stake in Jiangling Motors to set up Mahindra China Tractor), set up a branch office in Australia and launched its East European operations starting with Serbia and Montenegro.
Scorpio range
Besides expanding their tractor business on the global front, the company has introduced the Scorpio range in Sri Lanka.
Besides the Scorpio range, the company has plans to introduce the Bolero pick-up double cab and the Bolero Load Carrier. These models were recently displayed at the Auto Show India in Colombo, Sri Lanka.
The company made its presence in the country in 2003 and has tied up with General Sales Company as their distributors, who have plans to sell 500 units in the current year.
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