Mahindra & Mahindra teams up with Mitsubishi: Know why
Narendra Modi’s ‘Make in India’ is making resonance across all sectors. After telecom, it’s now time for automobile to show its strength. As per a news report by The Economic Times,
World’s largest tractor maker by volumes will now acquire 33% voting stake in the subsidiary of
The ET report further says, having earned revenues of $408 million this financial year,
"This will enable strategic growth avenues for Mitsubishi Agricultural Machinery through Mahindra
Not only would both the companies develop the tractor and agri-machinery space together, this partnership would enable both the companies to improve cost competitiveness through joint sourcing and optimising the supply chain.
The new partnership will help both companies to jointly develop products and address global opportunities in the tractor and agri-machinery space. In addition, the partnership will enable both the companies to improve cost competitiveness through joint sourcing and optimising the supply chain.