Farm equipment major Mahindra and Mahindra has reshuffled its business in Turkey by acquiring the entire agriculture machinery business of its subsidiary Hisarlar while relinquishing its stake in other businesses of the...
Mahindra’s CIE deal catapults it into the global arena
The journey of Mahindra and CIE Automotive that began in 2013 is a well thought out and superbly executed strategy to become a global leader in auto components space. There was no dilution in equity or any fresh fund...
M&M to buy Turkish tractor firm for Rs 815 crore
The country’s biggest tractor maker Mahindra & Mahindra (M&M) will be acquiring Turkey’s fourth-largest tractor maker, Erkunt Traktör Sanayii and its foundry business, for Rs 815 crore in an all-cash deal. This...
Mahindra & Mahindra bets big on agri-equipment market
Turkey is ranked among the largest farm equipment markets globally and is a leading tractor market in Europe. Despite Turkey being part of the Syrian war at the moment, the farm equipment market is still largely...