Mahindra Mitsubishi Alliance

Mahindra & Mahindra Ltd has capitalized INR 159 Cr. to acquire 33 per cent pole in the Mitsubishi Agricultural Machinery based in Japan, which is a share of the Mitsubishi Heavy Industries Ltd. Mahindra declared that it has attained 33 per cent pole in the Mitsubishi Heavy Industries Ltd possessed Mitsubishi Agricultural Machinery Co. Ltd. (MAM).

 

Mahindra group has financed $25 million or INR 159 CR. The pact is predictable to close by 1st of October 2015. The contract was active by Kazuaki Kimura, the President and CEO, MHI Machinery, Equipment & Infrastructure, Katsumi Tottori, President, MAM and Rajesh Jejurikar, President & Chief Executive of Farm Equipment & Two Wheeler, Mahindra & Mahindra Ltd.

 

The statement of the contract was done by Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd in Mumbai. The deal would help Mahindra to expand its reach in the Japanese market and presently the Indian manufacturer is fifth in the global list of agriculture and farm tools market.

 

Speaking on the association, Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd stated, that their company has a decade lengthy link with Mitsubishi in USA where their yields have played a substantial role in Mahindra USA’s achievement. We are now enthusiastic about our contribution through a parity way in Mitsubishi Agri Machinery, Japan. With this association we would concentrate on making passionate reserves in advertising and produce expansion and fetching an important performer in the global Agri Machinery Business.