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Mahindra and Mahindra
BSE: 500520|NSE: M&M|ISIN: INE101A01026|SECTOR: Auto - Cars & Jeeps
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Company History - Mahindra and Mahindra
1945
 
 
 - The Company was Incorporated and converted into Public Limited in
 1955 at Mumbai.  The Company Manufacture Jeep type vehicles, petrol
 industrial engines, industrial process control instruments and flow
 meters.  Trading in steel and manufacture of professional grade
 electronic components.  Jeeps are manufactured under a license and an
 agreement with Willys Motors Inc., Toledo, Ohio, U.S.A., for whom the
 Company also acts as exclusive distributors for the whole of India
 for their entire range of vehicles including utility vans,
 cargo/personnel
 carriers and pick-up trucks.
 
 1958
 
 - The Company entered into an agreement with Birfield Ltd., to form
 Mahindra Sintered Products Private Limited for the manufacture of a
 wide range of self lubricating bearings.
 
 1968
 
 - The Instrumentation & Electronics Division came into existence as a
 result of merger of the wholly-owned subsidiary of Mahindra
 Engineering Co. Ltd., with the Company with effect from 1st April
 1968.  The activities of the merged company were being carried on in
 this
 division. 
 
 - The Company acquired the whole paid-up capital of Mahindra
 Electro-Chemicals Products Ltd. Company. 
 
 - With effect from 1st April, the wholly owned subsidiary Mahindra
 Engineering Co. Ltd., was merged with the Company.  International
 Tractor Company of India Ltd., was merged with the Company effective
 from 1st November 1977.
 
 1970
 
 - The name was changed from Mahindra Van Wijk & Visser Ltd. to
 Mahindra & Mahindra Ltd.  This was merged with the Indian National
 Diesel Engine Co., Ltd., during 1977-78.
  
 1977 - 74,
 
 - 700-9.3% Pref. and 12,98,202 No. of Equity share allotted without
 payment in cash to shareholders of International Tractor Co. Ltd., on
 its merger in prop 1:1 Pref. and 2:3 Equity.  12,500-7.8% Pref. shares
 redeemed on 1.2.1979.
 
 1978
 
 - The Company started negotiation with Balania K. Zacharopoulos Ltd.,
 Athens for jointly promoting a new company in Greece for the
 manufacture of Jeep vehicles and trucks.  Initially, it was proposed
 to assemble these vehicles mainly from CKD packs to be shipped from
 India.
 
 1979
 
 - 57,22,764 Bonus equity share issued in prop. 1:1.
 
 1983
 
 - 76,30,352 Bonus equity shares issued in prop. 2:3 in October 1984.
 
 1984
 
 - Mahindra Spicer Ltd. (MSL), was amalgamated with Mahindra &
 Mahindra Ltd. (MML) with effect from 3rd April.  Pursuant to the
 scheme of amalgamation of MSL with MML, the shareholders of MSL were
 allotted 1,88,166 equity shares of MML in the ratio of 1 equity share
 of MML for every 6 shares held in MSL.
 
 - The Company entered into a collaboration agreement with Foramer S.
 A., an associate of Forasol S.A., for purchase of Ile d' Amsterdam an
 offshore drilling rig at a price U.S. .75 million.  The Company
 arranged for a foreign currency loan through Bank of Baroda.  In
 view
 of this purchase, the Company obtained a firm order from ONGC for
 drilling services for 2 years.
 
 1985
 
 - A letter of intent was obtained for the manufacture of 50,000 lines
 of EPABX/PAXs in collaboration with OKL Electric Co. of Japan. 
 
 - The Company also signed a Memorandum of Understanding with the
 British Telecom p.l.c. of London under which the two companies were
 to jointly explore and develop opportunities in telecommunication and
 technical fields in India.
  
 - MBT was made a subsidiary of the Company with 60% holding and the
 remaining 40% was subscribed by the foreign partners, the British
 Telecommunications p.l.c., U.K. (BT) for provision of software
 engineers of MBT to work on various projects of BT in the U.K.  MBT
 also decided to issue equity capital to the extent of Rs 4 crores out
 of which shares worth Rs 2.40 crores were to be offered to Mahindra &
 Mahindra Ltd., for subscription and the balance shares worth Rs 1.60
 crores were to be offered to BT.
 
 1987
 
 - (17 months), approval from Government was received for the
 manufacture of Peugeot 504 pick-up vehicles in collaboration with
 Automobiles Peugeot of France.
  
 - A new model M-595 tractor in the 50 H.P. range was introduced.
 
 1988
 
 - The Company acquired a off-shore drilling rig Ile d' Amsterdam from
 Foramer S. A., France as on 1st March.  A firm letter of intent was
 received for one land rig for drilling operations at Jwalamukhi,
 Himachal Pradesh against a tender from ONGC.  The Company already
 entered into an agreement with Forasol S.A., for purchase of a land
 rig and related equipment.
  
 1989
 
 - During the year improved versions of CJ 500 range of jeeps and FJ
 range of LCVs were introduced.  Also a sporty model of jeep was
 introduce which was well received by the target audience. 
 
 - During September, the Company acquired the automotive pressing unit
 at Kanhe from Guest Keen Williams, Ltd. for a gross consideration of
 Rs 28.75 crores.  The unit has an installed capacity of 10,000 tonnes
 per annum.
 
 1990
 
 - The Automotive division faced adverse market conditions resulting
 in a drastic reduction in production and sales of vehicles.  The
 Automotive division introduced a direct injection diesel engine, the
 MDI 2500 A engine on the CJ 500 vehicles.  A new fuel efficient 10
 seater vehi cle having a direct injection diesel engine was
 introduced. 
 
 - A letter of intent was obtained from ONGC for extension of the
 contract for a further period of one year.  However, on account of
 certain procedural delays ONGC dehired the rig and it remained
 non-operational for about 160 days.  However, the Company received a
 contract from ONGC for a much higher day rate and the rig was
 rendering service to ONGC with effect from 9th November. 
 
 - The Company issued 48,16,012-12.5% fully convertible debentures of
 Rs 110 each with a provision to apply, instead, for 58,86,236 fully
 convertible zero interest bonds of Rs 90 each.  An option was given
 to apply for a combination of debentures and bonds subject to an
 aggregate 
 value of Rs 52,97,61,320.  These debentures/bonds were offered on
 rights basis to the then existing equity shareholders in the ratio of
 one debenture for every four equity shares held.  The issue was
 fullysubscribed.  Additional bonds/debentures were issued to retain
 the over-subscription to the extent of 15% of the issue which is
 equivalent to 7,22,401 debentures of Rs 110 each.
 
 - Through another letter of offer, two blocks consisting of 8,64,049
 debentures each were offered to Mahindra Companies and International
 Finance Corporation, Washington, respectively with an option to apply
 for bonds subject to the aggregate value of Rs 9,50,45,390 for each
 block.  The issue was fully subscribed.  Additional bonds/debentures
 were issued to retain the over-subscription to the extent of 15% of
 the issue which is equivalent to 1,29,607 debentures of Rs 110 each
 for each block.
 
 - The employees (including Indian working directors)/workers of the
 Company were also offered on an equitable basis 2,40,801 debentures
 of Rs 110 each with a provision to apply for bonds within the
 aggregate limit of the issue.  The issue was under subscribed.  Only
 16,750 debentures and 68,250 bonds were allotted.  The balance
 debentures/bonds were allowed to lapse.
 
 - As on 1st April, 49,90,354 debentures and 26,20,371 bonds were
 allotted.
 
 - As on 1st May, the Company allotted on private placement basis 14%
 redeemable non-convertible debentures for a total value of Rs 20
 crores to UTI, LIC, ICICI, Army Group Insurance Fund and GIC and its
 subsidiaries.  These debentures are redeemable in full at a premium
 of
 5% on 1st May 1997.
 
 1991
 
 - New replacement kits for the series of diesel engines, the XDP 4.90
 were successfully launched in order to replace petrol engines in
 passenger cars and create new demands for the series of diesel
 engines manufactured by the Company.
 
 - During the second half of the year, the Company introduced the new
 range of `Commander' vehicles which were well received in the market.
 A new model on the anvil was a five door ten seater vehicle Armada
 with a factory built body for which dies were imported from Japan.
 
 - To meet the changing needs of the market, the Company introduced a
 new model 225 DI (25HP) tractor.
 
 - Another 8,64,049 zero interest fully convertible bonds of Rs 90
 each for a total value of 9,50,45,390 were allotted to Peugeot India
 Holding, France, a subsidiary of Automobiles Peugeot, France as on
 18th January.
 
 - As per the terms of the issue, a portion of Rs 55 of each debenture
 was converted into one equity share of Rs 10 at a premium of Rs 45 per
 share and a portion of Rs 45 each bond was converted into one equity
 share of Rs 10 at a premium of Rs 35 per share an on 1st April.
 
 - Accordingly, the Company allotted 49,90,354 equity shares on
 conversion of debentures and 34,84,420 equity shares on conversion of
 bonds.  The balance amount of each bond and debenture was to be
 converted as per the same terms given above at the end of 18 months
 from the date of allotment.
 
 - In order to meet the long term working capital requirements, the
 Company issued in January 1991, 14% redeemable non-convertible
 debentures aggregating Rs 25 crores to Infrastructure Leasing and
 Financial Services, Ltd. on a private placement basis.  The debenture
 are redeemable in full at premium of 5% on 8th January, 1998. 
 
 1992
 
 - It was proposed to launch a new LCV with a much larger platform,
 imported driving comfort and better styling .
 
 - The Company issued 72,42,719 - 14.5% secured Non-convertible
 redeemable debentures of Rs 100 each with a detachable warrant
 attached to each debenture entitling the holder thereof to apply for
 1 equity share of Rs 10 each at a premium of Rs 20 per share in the
 ratio 1
 debenture: 5 equity shares held, on the expiry of six months and 36
 months from the date of allotment of debentures.
 
 - Another 3,62,136 non-convertible debentures with detachable
 warrants were also offered to employees on an equitable basis.  Only
 2,20,300 debentures taken up.
 
 - 76,04,855 oridinary shares of Rs 10 each at a premium of Rs 20 per
 share were to be issued to those exercising the rights attached to
 the warrants between 6 months and 36 months from the date of
 allotment of debentures.  The debentures were to be redeemed not
 earlier than the
 end of 7th year but not later than the end of the 10th year from the
 date of allotment of debentures.
 
 1993
 
 - The Automotive division undertook to introduce a wide range of
 products such as mini bus, MM Deluxe, Armada deluxe, Cabking pick-up,
 CL-Classic & a single/double Cab pick-up etc.
 
 - Mahindra Nissan Allwyn Ltd. (MNL) was amalgamated with Mahindra &
 Mahindra Ltd. (MML) with effect from 1st November.  Pursuant to the
 scheme of amalgamation, the shareholders of MNAL were allotted
 9,73,200 equity shares of MML in the ratio of 1 equity share of MML
 for every 25 shares held in MNAL.  With the merger modern automotive
 plant owned
 MNAL became a Unit of the Company's automotive division. 
 
 - The Company issued 100,47,043 Global depository receipts valued at
 US $ 74.75 million.  Each GDR was issued at a market price of US
 .44 and was supported by equal number of underlying shares. 
 Accordingly 1,00,47,043 shares were allotted at a premium of Rs 22.50
 per share.
 
 1994
 
 - During the year a new Company Mahindra USA Inc. had been
 established in Texas, U.S.A. with the objective of increasing tractor
 sales in U.S. 
 
 - 9,73,200 shares allotted to the erstwhile sharehodlers of MNAL
 11,14,682 shares allotted against the detachable warrants.  35,85,874
 shares allotted to Ford Motor Company USA, at a premium of Rs 370 per
 shares.  28,00,000 shares allotted to the promoter group.
 
 1995
 
 - A New LCV model-cabking DI 3150 - with a payload of 2.5 tonnes, a
 5-speed transmission and high quality components was launched.  Also,
 a sporty 4-wheel drive vehicle Mahindra Classic with modern fitments
 such as Vacuum assisted brakes, disc brakes in front, wire wheels &
 bull bar was launched for the domestic market.  In addition, a new
 commander 5-Door Hard Top vehicle, primarily targeted for semi-urban
 and rural transportation was introduced.
 
 - Two new models - 365 DI and 585 - DI were also launched in 30-35 HP
 and 45-50 HP segments respectively.
 
 - The Company entered into a joint venture agreement with Ford Motor
 Company USA (Ford) for promotion of a new Company for the manufacture
 and marketing of Ford range of passenger and other vehicles.  The
 Company has an equity participation of Rs 160 crores each by Ford and
 the Company.
 
 - 22,71,322 No. of Equity shares allotted in conversion of warrants.
 407,17,489 bonus equity shares issued in proportion 2:3.
 
 - The tractor division received the ISO 9001 certification from TUV
 of Germany.
 
 1996
 
 - The Company proposed to introduce the `Armada Grand' with XD3
 diesel engine, 5 speed BA 10 transmission with air-conditioning and
 power steering as standard features.  New models like, soft top and
 FRP versions of CL/MM 550 models, comfortable 8 seater Armada with
 Disc
 Brakes and an optional factory fitted air conditioner, Commander 650
 DI on a longer wheel base and MM 540/550 XDB models with the powerful
 2.5 lines XD3 engine and the all-synchromesh 5 speed BA 10
 transmission were launched during the year.
 
 - During July, the Company offered US 0,00,000-5% convertible note
 during July 9, 2001 came into GDRs each representing one share at a
 cover sum price of US .955 per GDR.  Till date 15,73,830 shares
 issued.
 
 1997
 
 - The Zaheerabad plant and R&D division were awarded Iso 9002 and ISO
 9001 certification respectively.  With the technology received from
 Fuji Technica, Japan the company undertook to manufacture dies for
 vehicle bodies in the new Die Shop.  During the year, 7 new models to
 
 cater to different nice markets were introduced.
 
 - New products viz. 275 DI TU upgrades B-275 model with increased
 power and 585-C, 585 DI model with constant mesh transmission for
 ease operation were introduced.
 
 - M&M is setting up an engineering and product development centre at
 Thane to strengthen its technology and designing capacities. 
 
 - M&M is setting up a joint venture with Mondragon Corporation of
 Spain in the area of iron foundry.  The joint venture agreement was
 signed in Spain by M-M at an Indo-Spain joint business council
 meeting organised by the Federation of Indian Chambers of Commerce
 and Industry and the Association of Chambers of Commerce and Industry
 of India.
 
 - M&M is entering into a 50:50 joint venture with the  billion Case
 of the US for manufacturing high horse power tractors. 
 
 - The M&M-Sealand joint venture is considering introducing a Ro-Ro
 (Roll-on, Roll-off) railway service in India.
  
 - The Mahindra group has tied up with Sega Enterprises Ltd and
 Mitsubishi Corporation of Japan to form a joint venture (JV) in India
 to develop and launch Sega branded family entertainment centres. 
 
 - M&M has signed an agreement with Chemoleums Ltd under which M&M
 will use a special quality of Chemoleums lubricating oil, Mahindra
 Singlestar, for its tractors.
 
 - M&M has signed a wage agreement with its union at its automotive
 plant at Kandivali, evolving a Mahindra Production System (MPS) which
 is an amalgamation of latest work measurement techniques and Toyota
 Production Systems.
 
 1998
 
 - A joint venture company is being promoted by Mahindra and Mahindra
 Limited, Infrastructure Leasing and Financial Services and Tamil Nadu
 Industrial Development Corporation to set up an industrial park near
 Chennai to attract auto ancillary units and all categories of
 non-polluting industries.
 
 - Utility vehicle manufacturer, Mahindra and Mahindra (M&M) on May 27
 signed a productivity and capacity linked wage agreement with its
 union (Bharatiya Kamghar Sena) at its tractor plant at Kandivali.
 
 - M&M has signed new productivity agreements with its workers at the
 Kandivli (Mumbai), Nashik and Zaheerabad (Andhra Pradesh) plants.
 
 - Mahindra Ford is likely to sign a MoU with the government to import
 auto kits.
 
 - Mercedes-Benz India Ltd and Mahindra Ford India Ltd have signed a
 MoU  with the Directorate-General of Foreign Trade (DGFT), under the
 new MoU policy for car manufacturing in the country. 
 
 - Danish company Maersk, Mahindra & Mahindra and the Tamil Nadu
 Industrial Development Corporation (Tidco) propose to establish a
 joint venture to develop Colachel on western coast of south Tamil
 Nadu into a  hub port.
 
 - Mahindra & Mahindra (M&M) is all set to float a 50:50 joint venture
  company with the Punjab state government for setting up a hi-tech
 agro-commodity exchange in the state.
 
 1999
 
 - M&M has set up a new company - Mahindra Auto Specialities Ltd - for
 bullet-proofing passenger vehicles and providing specialised services.
 M&M has signed an MoU with Plasan Sasa of Israel for design and
 development of armoured (bullet proof) solutions on M&M utility
 vehicles for use by Indian security forces. 
 
 - The Mahindra & Mahindra group and the TVS group have floated a
 joint venture to provide software solutions to the automobile sector.
 
 
 - Mahindra and Mahindra (M&M) is working towards introducing a slew
 of models in India from the Mitsubishi stables, including its famed
 Pajero brand of multi-utility vehicles (MUVs) and jeeps.
 
 - Mahindra & Mahindra Ltd (M&M) has created a tier-IT structure under
 Mahindra Holdings & Financial Ltd whereby individual subsidiaries will
 tap the capital market depending upon their need for cash.
 
 - Utility vehicle major, Mahindra and Mahindra (M&M), is entering the
 Rs 1,000-crore three-wheeler market for the first time.  The company
 will launch its first three-wheeler a diesel-driven eight seater
 within 8-10 months from now.
 
 2000
 
 - The Company will be launching its first CNG-powered utility vehicle
 in Delhi.
 
 - The Company consequent to disciplinary action taken by the
 Management against certain workmen and Union representative, the
 workmen of Kandivli Plant of Tractor Division of the company
 initially stopped work and thereafter resorted to illegal strike on
 11th January.
 
 - The Company proposes to make a call for redeeming Bonds of value US
 .378 million out of current outstanding of US .866 million.
 
 - The Company tie-up with Citibank for a channel financing agreement
 for their dealers.
 
 - Mahindra & Mahindra launched its eight seater Marshal DI Deluxe
 2000 in Western Maharashtra.
 
 - Mahindra Auto Specialisites Ltd, a wholly-owned subsidiary of the
 company delivery of the first Neticle (net-vehicle) - brand named
 Quadro - in India.
 
 - The Company has launched its new generation tractors Arjun 605 DI
 at the Kandivali plant.
 
 - The Company and French car maker Renault have signed an agreement
 to explore the possibility of using Renault petrol engines for M&M's
 planned Scorpio utility vehicle.
 
 - The Company has launched a fresh voluntary scheme for employees in
 its tractor division.  The Scheme will open on June 8 and will
 continue till July 31.
 
 - The Company is set to launch its 2.5-litre multi-utility vehicle,
 Bolero.
 
 - The Company launched the 39 HP and 40 HP models of its `Bhoomi
 Putra' range of tractors.
 
 - The Company has entered into a technical alliance with Austrian
 engine manufacturer AVL list GmbH for production of light commercial
 vehicles of 3.5 tonne capacity.
 
 - M&M will launch the LCV under the `Loadking' name in January next
 year.
 
 - M&M has launched its first 60 HP class tractor Arjun 605 DI here,
 will from now roll out a new mode very six months.
 
 - The Company the utility vehicle market leader, launch of its latest
 UV, the Bolero GLX. 
 
 - The Company will launch Scorpio, its urban utility vehicle, by the
 end of the year.
 
 - The Company has launched the first of its new series of Horizin
 Tractors, the Mahindra Arjun 605 DI in Andhra Pradesh.
 
 - The Company launched diesel version of Bolero in a short time.
 
 - Mahindra & Mahindra is to go for a expansion, keeping pace with its
 plans for the introduction of new models, including the Scorpio.
 
 - Mahindra & Mahindra is likely to introduce agricultural related
 implement and equipment in the near fugure.
 
 - Mahindra and Mahindra Limited (M&M) launched yet another range of
 new generation tractors to grab a large share of an emerging mature
 market.
 
 - The Company has launched its fourth portal business with an
 investment of  million.
 
 - Mahindra Intertrade, subsidiary of Mahindra & Mahindra, has
 launched a steel trading portal, steelmartindia.com.
 
 - Fitch Ratings India has assigned `Ind AAA' rating to the proposed
 five-year Rs 100-crore non-convertible debenture programme of the
 company.
 
 - The Board has approved an ESOS and decided to allot 55,24,219 No.
 of equity shares to the Mahindra & Mahindra Employee Stock Option
 Trust.
 
 2001
 
 - The Company has set up a farm extension services division called
 Mahindra Shubh Labh, which will pioneer the building of a chain of
 one-stop shops offering a comprehensive  range of farm-gate
 services.
 
 - Mahindra Intertrade, the largest non-automotive company of the
 Mahindra & Mahindra group, has entered into a distribution alliance
 with Lego.
 
 - Mr. Anand G. Mahindra has been appointed as Vice-Chairman and
 Managing Director.
 
 - Mahindra & Mahindra is set to launch three new variants of its
 utility vehicle Bolero to boost its presence in the urban segment.
 
 - The strike at the company's Nashik automotive plant which began on
 March 4, has been called off with effect from 8th March.
 
 - Credit Rating and Information Services of India Ltd. has revised
 the rating assigned to the company's long-term debentures to `AA+' to
 `AAA'.
 
 - Mahindra & Mahindra has tied up with French auto giant Renault for
 sourcing petrol engines for its premium utility vehicle Scorpio which
 would be launched later this year.
 
 -The price of Mahindra & Mahindra Ltd (M&M) shares hit a 92-month low
 on the Bombay Stock Exchange (BSE) on june 14 fuelled by market
 apprehensions of a steep fall in the company’s sales in May 2001
 
 - Mahindra & Mahindra launched the premium version of its 7 seater
 multi-utility vehicle, Bolero GLX.
 
 2002
 
 -Mahindra & Mahindra Ltd has informed BSE that ICICI Bank Ltd has
 withdrawn the nomination of Mr Inder Chand Jain as their Nominee
 Director from the Board of M& M with immediate effect.Consequently Mr
 Inder Chand Jain ceases to be a Director of Mahindra & Mahindra Ltd
 with immediate effect.
 
 -Mahindra & Mahindra Ltd has informed BSE that Mr. David Friedman
 (currently the Alternate Director to Mr.Lewis W. K. Booth) has been
 appointed as a Director of the Company w.e.f. October 30, 2002 in the
 vacancy caused by the cessation of Directorship of Mr. Lewis W.K.
 Booth. Mr. V.K. Chanana has been appointed as a Nominee Director of
 UTI w.e.f. October 30, 2002 in place of Mr. Sanjiv Kapoor whose
 nomination has since been withdrawn by UTI.
 
 2003
 
 -Unleashes MaXX Pik Up utility vehicle
 
 - Signed an agreement with Canara Bank . Where in, Canara Bank will
 provide loan to those farmers who are willing to buy Mahindra's
 tractors and other farm implements.
 
 - Mahindra and Mahindra Ltd on December 24th showcased its new
 products, Bolero XL and Bolero XLS, for prospective customers in
 Karnataka.
 
 2004
 
 -Mahindra & Mahindra delisting of shares from DSE
 
 -M&M launches two variants of Bolero utility vehicle in TN
 
 -The former managing director of Rallis India, Mr Rajeev Dubey, is
 joining Mahindra & Mahindra Ltd (M&M) as Executive Vice-President
 (Human Resources & Corporate Services). Mr Dubey has previously held
 senior positions at Tata Steel and was the managing director of Tata
 Metaliks.
 
 -Auto giant Mahindra and Mahindra has launched its latest variants of
 Bolero XL range here on January 19, 2004, thus heralding its launch
 across the State.
 
 -M&M enters into agreement for acquiring majority stake in US based
 Bristlecone Inc
 
 -Mahindra & Mahindra Ltd has informed that the equity shares of the
 Company have been delisted from Pune Stock Exchange Ltd w.e.f.
 January 16, 2004.
 
 -M&M unveils innovation matrix to enhance performance
 
 -Mahindra Special becomes M&M's new IT unit
 
 -Equity shares delisted from Madras Stock Exchange
 
 - tied up with an Iran-based company Barchinkar for localising M&M
 tractors in the Iran market
 
 - Mahindra Tractors in accord with Castrol
 
 -M&M rolls out India's first turbo tractor
 
 -Mahindra & Mahindra Ltd has informed that HSBC Global Investment
 Fund has acquired 3,99,825 equity shares of the company through
 market on May 17
 
 -- Andhra Bank has announced that it has joined hands with Mahindra
 Tractors for financing the distribution of tractors through the bank
 branches across the country
 
 -Mahindra & Mahindra (M&M) has forayed into the Latin American
 markets through the opening of an assembly line in Uruguay
 
 -Mahindra & Mahindra Ltd (M&M) on announced its foray into the South
 African automobile market
 
 -Hemant Luthra to head M&M's new MSAT Sector
 
 -Dena Bank inks MoU with M&M for tractor loans
 
 
 2005
 
 - Mahindra & Mahindra tractors' top dealer in the US has become the
 largest tractor dealer in the US, muscling past dealers of John Deer,
 New Holland and Kubota.
 
 -M&M forays into Australian tractor market on February 14, 2005.
 
 -Mahindra & Mahindra Ltd (M&M)  launches its Common Rail Diesel
 Engine (CRDEe) fitted-Scorpio, which conforms to BS III emission
 norms on February 22, 2005,
 
 -Mahindra & Mahindra executes JV Agreement with Renault
 
 -Scorpio unveiled in Malaysia on May 4, 2005
 
 -M&M, Renault ink MoU to set up Rs 550 crore car manufacturing plant
 in Nasik
 
 -M&M introduces new pick-up vehicle  on July 6, 2005
 
 -Mahindra unveils 3-wheeler cargo carrier Champion Alfa model
 
 -Mahindra & Mahindra inks a JV with International Truck & Engine
 Corporation, USA
 
 -Mahindra & Mahindra enters into agreement with Plexion Technologies,
 Mauritius
 
 -M&M has signed a memorandum of understanding with the Saigal family
 of Pakistan for exporting tractors to that country..
 
 -Mahindra & Mahindra has given the Bonus in the Ratio of 1:1
 
 2006
 
 -M&M unleashes Scorpio Pik-Up in South Africa
 
 -M&M unveils three-wheeler car
 
 -M&M Hingna unit enters into new new wage agreement
 
 - Mahindra & Mahindra Ltd on Oct 11,2006 signed a agreement with
 ITMCo (Iran Tractor Manufacturing Co) to sell tractors in Iran. The
 agreement was signed in Tehran.
 
 -Mahindra & Mahindra (M&M) and French automaker Renault have joined
 hands yet again to establish a greenfield passenger car manufacturing
 plant in India within five years.
 
 - Mahindra & Mahindra inks deal with Global Vehicles USA Inc
 
 2007
 
 - Mahindra & Mahindra acquires a leading German Forging Company
 Schoneweiss & Co. GmbH.
 
 - Mahindra unveils new Bolero in Gujarat.
 
 -Mahindra and Mahindra (M&M) has launched the line of sports utility
 vehicles (SUV) and pick up trucks that it plans to begin selling in
 the United States starting from 2009.
 
 - M&M unveils Mahindra Pik-Up in Australia.
 
 -The latest product from Mahindra Defence Systems, the Axe FAV is an
 extreme offroading multi terrain defence purpose vehicle.
 
 2008
 
 -Mahindra & Mahindra acquires renowned Italian design house, GRD
 Italy.
 
 2009
 
 - Mahindra & Mahindra unveiled its fourth generation Scorpio at an
 unbeatable price.
 
 - Mahindra & Mahindra (M&M) signed a memorandum of understanding with
 the State Bank of Bikaner and Jaipur (SBBJ) for vehicle finance.
 
 - Mahindra launches luxury sedan XYLO
 
 - M&M enters retail space with Mom & Me
 
 - Mahindra sold 1,788 XYLOs in two weeks
 
 - M&M signs pact with State Bank of Bikaner
 
 - Mahindra gets order for 15,000 Xylo in three months
 
 
 2010
 
 -  Mahindra & Mahindra has hiked prices of its products by up to Rs
 18,000 due to the in excise duty announced in the Budget. 
 
 - Anand Mahindra, vice-chairman and managing director, M&M, is keen
 on attaining companies that boost M&M’s global aspirations. This can
 be done by giving a combination of facilities, technology and dealer
 network. Meanwhile, M&M came out as the ideal bidder for getting hold
 of a majority stake in Ssangyong Motor Company (SMC).
 
 - Mahindra & Mahindra announced its entry into the heavy commercial
 vehicle segment in partnership with Navistar Inc of the U.S. 
 
 - M&M launched new mini-truck Maxximo
 
 - Mahindra & Mahindra and Mitsubishi Agricultural Machinery tie-up to
 deliver FarmTech prosperity
 
 - Mahindra & Mahindra (M&M) announced that Mahindra Tractors has sold
 one-lakh tractors in 2010.
 
 - Mahindra & Mahindra Finance Services Limited (MMFSL) launched its
 new loan against gold product in Kerala, which has been specifically
 designed in order to provide liquidity against gold ornaments without
 selling them.
 
 - Mahindra FirstChoice, TVS group in tie up
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 5
 
 2011
 
 - Mahindra & Mahindra - Mahindra launched ‘Genio' - India's Next
 Generation Pick Up
 
 - Mahindra & Mahindra - Mahindra announces entry into Micro
 Irrigation Business
 
 - Mahindra Satyam signs ERP contract with Omran
 
 - Mahindra Group signs strategic alliance with Cisco Systems
 
 - Mahindra & Mahindra - India Mahindra & Mahindra Ltd. completes
 acquisition of a majority stake in SsangYong Motor Company
 
 - Dr. Pawan Goenka appointed Chairman of SsangYong Motor Company.
 
 - Mahindra & Mahindra - Mahindra launches 'Verito' the Logan with
 Mahindra badge
 
 - Mahindra & Mahindra - Mahindra launches the ‘New Bolero SUV'
 
 - Mahindra & Mahindra - Mahindra launches a New SUV - XUV500
 
 2012
 
 - Mahindra and Mahindra had acquired Ssangyong Motor Company, a South
 Korean SUV maker, almost a year ago and are now planning to set up a
 assembly plant and invest Rs 800 crore over next 3-4 years
 
 - Mahindra and Mahindra wins arbitration award and class action suit
 against global vehicles
 
 - Mahindra & Mahindra has entered the Kenyan passenger vehicles
 market with the launch of their utility vehicles, XUV500 and Scorpio.
 Other vehicles include pick-up range, Genio and Maxximo mini-truck
 
 - Mahindra & Mahindra Ltd said that the company has signed an
 agreement with Telephonics Corporation to form a joint venture, named
 as Mahindra-Telephonics Integrated Systems Limited.
 
 - Mahindra Ugine inked joint venture with Sanyo Special Steel &
 Mitsui & Co. Ltd. names new venture as Mahindra Sanyo Special Steel
 Pvt Ltd.
 
 2013
 
 - Auto major Mahindra and Mahindra has inked partnership with online
 shopping portal, Snapdeal.com to sell its two-wheeles on the site.
 
 - Mahindra launches new visual identity reflecting modernity and
 dynamism
 
 - Mahindra & Mahindra Ltd - Mahindra launches the Verito Executive
 edition
 
Source : Dion Global Solutions Limited
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