Mahindra & Mahindra Ltd Stock Price History & Milestones

1945

Company incorporated.
Began manufacturing Jeep vehicles under license from Willys Motors Inc.; acted as exclusive distributors.

1955

Converted to Public Limited Company at Mumbai.

1958

Entered agreement with Birfield Ltd. to form Mahindra Sintered Products Private Limited.

1968

Instrumentation & Electronics Division formed by merger of Mahindra Engineering Co.
Acquired whole paid-up capital of Mahindra Electro-Chemicals Products Ltd.
Merged wholly-owned subsidiary Mahindra Engineering Co. effective 1st April.

1970

Changed name to Mahindra & Mahindra Ltd.

1977

Allotted preference and equity shares on merger with International Tractor Co.
Merged International Tractor Company effective 1st November.
Merged with Indian National Diesel Engine Co. during 1977-78.

1978

Started negotiations with Balania K. Zacharopoulos for Jeep manufacture in Greece.

1979

Issued 57,22,764 bonus equity shares 1:1.

1983

Issued 76,30,352 bonus equity shares 2:3.

1984

Mahindra Spicer Ltd. amalgamated; allotted 1,88,166 shares.
Entered collaboration with Foramer S.A. for offshore rig; obtained ONGC order.

1985

Obtained letter of intent for 50,000 EPABX/PAXs with OKI Electric.
Signed MOU with British Telecom for telecom opportunities.
MBT became subsidiary with 60% holding; BT subscribed 40%.

1987

Received approval for Peugeot 504 pick-up manufacture.
Introduced M-595 tractor.

1988

Acquired offshore drilling rig Ile d' Amsterdam.
Received letter of intent for land rig from ONGC.

1989

Introduced improved CJ 500 jeeps, FJ LCVs, and sporty jeep model.
Acquired automotive pressing unit at Kanhe from Guest Keen Williams.

1990

Introduced MDI 2500 A engine and 10-seater vehicle.
Received ONGC contract extension for rig.
Issued 48,16,012 convertible debentures/bonds on rights basis.
Issued debentures/bonds to Mahindra Companies and IFC.
Issued debentures/bonds to employees.
Allotted 49,90,354 debentures and 26,20,371 bonds.
Allotted Rs 20 crore 14% redeemable NCDs.

1991

Launched XDP 4.90 diesel engine replacement kits.
Introduced Commander vehicles and Armada.
Introduced 225 DI tractor.
Allotted 8,64,049 zero interest bonds to Peugeot India Holding.
Converted debentures and bonds into 49,90,354 and 34,84,420 equity shares.
Issued Rs 25 crore 14% NCDs to Infrastructure Leasing.

1992

Proposed new LCV with larger platform.
Issued 72,42,719 14.5% NCDs with warrants; 3,62,136 to employees.

1993

Planned mini bus, MM Deluxe, Armada deluxe, Cabking, CL-Classic pick-ups.
Mahindra Nissan Allwyn Ltd. amalgamated effective 1st November; allotted 9,73,200 shares.
Issued 100,47,043 GDRs valued at US $74.75 million.

1994

Established Mahindra USA Inc. in Texas.
Allotted 9,73,200 shares to MNAL shareholders; 11,14,682 against warrants; 35,85,874 to Ford; 28,00,000 to promoter group.

1995

Launched Cabking DI 3150 LCV; Mahindra Classic 4WD; Commander 5-Door Hard Top.
Launched 365 DI and 585 DI tractors.
Entered JV with Ford for passenger vehicles company.
Allotted 22,71,322 equity shares on warrant conversion; issued 407,17,489 bonus shares 2:3.
Tractor division received ISO 9001 certification.

1996

Proposed Armada Grand with XD3 diesel engine.
Launched soft top, FRP versions of CL/MM 550; 8-seater Armada; Commander 650 DI; MM 540/550 XDB.
Offered $100 million 5% convertible notes into GDRs; 15,73,830 shares issued.

1997

Zaheerabad plant and R&D division awarded ISO 9002 and 9001 certifications.
Undertook manufacture of vehicle body dies with Fuji Technica technology; introduced 7 new models.
Introduced 275 DI TU and 585-C, 585 DI tractors.
Setting up engineering and product development centre at Thane.
Signed JV agreement with Mondragon Corporation for iron foundry.
Entering 50:50 JV with Case for high horsepower tractors.
M&M-Sealand JV considering Ro-Ro railway service.
Tied up with Sega and Mitsubishi for family entertainment centres JV.
Signed agreement with Chemoleums for Mahindra Singlestar lubricating oil.
Signed wage agreement at Kandivali automotive plant introducing MPS.

1998

Promoted JV with Infrastructure Leasing, Tidco for industrial park near Chennai.
Signed productivity wage agreement at Kandivali tractor plant.
Signed new productivity agreements at Kandivli, Nashik, Zaheerabad plants.
Mahindra Ford likely to sign MoU for auto kits.
Mercedes-Benz India and Mahindra Ford signed MoU with DGFT.
Maersk, M&M, Tidco proposed JV for Colachel hub port.
Planned 50:50 JV with Punjab government for agro-commodity exchange.

1999

Set up Mahindra Auto Specialities Ltd for bullet-proofing vehicles; signed MoU with Plasan Sasa.
Floated JV with TVS group for auto software solutions.
Planned Mitsubishi models including Pajero.
Created tier-IT structure under Mahindra Holdings & Financial Ltd.
Entered three-wheeler market with diesel-driven eight-seater.

2000

Planned launch of first CNG-powered utility vehicle in Delhi.
Kandivli tractor plant faced illegal strike.
Proposed redemption of US $25.378 million bonds.
Tied up with Citibank for dealer financing.
Launched eight-seater Marshal DI Deluxe 2000.
Mahindra Auto Specialities delivered first Neticle Quadro.
Launched Arjun 605 DI tractor.
Signed agreement with Renault for Scorpio engines.
Launched voluntary scheme for tractor division employees.
Planned launch of 2.5-litre Bolero.
Launched 39 HP and 40 HP Bhoomi Putra tractors.
Entered technical alliance with AVL List GmbH for LCVs.
Planned LCV launch under Loadking name.
Launched Bolero GLX.
Planned Scorpio launch.
Launched Arjun 605 DI in Andhra Pradesh.
Planned diesel Bolero.
Planned expansion for new models including Scorpio.
Planned agricultural implements.
Launched new generation tractors.
Launched fourth portal business with $1 million investment.
Mahindra Intertrade launched steelmartindia.com.
Fitch assigned Ind AAA rating to Rs 100-crore debenture programme.
Board approved ESOS and allotted shares to Employee Stock Option Trust.

2001

Set up Mahindra Shubh Labh farm extension services.
Mahindra Intertrade entered distribution alliance with Lego.
Anand G. Mahindra appointed Vice-Chairman and Managing Director.
Planned three new Bolero variants.
Nashik plant strike called off.
Long-term debentures rating revised to AAA.
Tied up with Renault for Scorpio petrol engines.
Launched premium Bolero GLX.

2002

ICICI Bank withdrew nomination of Mr. Inder Chand Jain as director.
Appointed Mr. David Friedman and Mr. V.K. Chanana as directors.

2003

Unleashed MaXX Pik-Up utility vehicle.
Signed agreement with Canara Bank for tractor loans.
Showcased Bolero XL and XLS in Karnataka.

2004

Delisted shares from DSE and Pune Stock Exchange.
Launched Bolero variants in TN.
Rajeev Dubey joined as Executive VP Human Resources.
Launched Bolero XL range.
Entered agreement for majority stake in Bristlecone Inc.
Delisted equity shares from Madras Stock Exchange.
Tied up with Barchinkar for tractors in Iran.
Accord with Castrol.
Rolled out India's first turbo tractor.
HSBC Global Investment Fund acquired equity shares.
Andhra Bank joined for tractor financing.
Opened assembly line in Uruguay.
Forayed into South African automobile market.
Hemant Luthra to head MSAT Sector.
Dena Bank inked MoU for tractor loans.

2005

US top dealer became largest tractor dealer.
Forayed into Australian tractor market.
Launched CRDe fitted Scorpio conforming to BS III norms.
Executed JV agreement with Renault.
Unveiled Scorpio in Malaysia.
Inked MoU with Renault for Rs 550 crore car plant in Nashik.
Introduced new pick-up vehicle.
Unveiled 3-wheeler cargo carrier Champion Alfa.
Inked JV with International Truck & Engine Corporation.
Entered agreement with Plexion Technologies, Mauritius.
Signed MOU with Saigal family for tractor exports to Pakistan.
Issued bonus shares in 1:1 ratio.

2006

Unleashed Scorpio Pik-Up in South Africa.
Unveiled three-wheeler car.
Hingna unit entered new wage agreement.
Signed agreement with ITMCo for tractors in Iran.
Joined hands with Renault for passenger car plant.
Inked deal with Global Vehicles USA Inc.

2007

Acquired German Forging Company Schoneweiss & Co. GmbH.
Unveiled new Bolero in Gujarat.
Launched SUVs and pick-up trucks for US market from 2009.
Unveiled Mahindra Pik-Up in Australia.
Unveiled Axe FAV defence vehicle.

2008

Acquired Italian design house GRD Italy.

2009

Unveiled fourth generation Scorpio.
Signed MOU with State Bank of Bikaner and Jaipur for vehicle finance.
Launched luxury sedan Xylo.
Entered retail space with Mom & Me.
Sold 1,788 Xylos in two weeks.
Received order for 15,000 Xylo in three months.

2010

Hiked product prices by up to Rs 18,000.
Bidder for majority stake in Ssangyong Motor Company.
Entered heavy commercial vehicle segment with Navistar Inc.
Launched mini-truck Maxximo.
Tied up with Mitsubishi Agricultural Machinery.
Mahindra Tractors sold one-lakh tractors.
Mahindra Finance launched loan against gold in Kerala.
Mahindra FirstChoice tied up with TVS group.
Split face value of shares from Rs 10 to Rs 5.

2011

Launched Genio pick-up.
Entered Micro Irrigation Business.
Mahindra Satyam signed ERP contract with Omran.
Signed strategic alliance with Cisco Systems.
Completed acquisition of majority stake in SsangYong Motor Company.
Dr. Pawan Goenka appointed Chairman of SsangYong Motor Company.
Launched Verito.
Launched New Bolero SUV.
Launched XUV500 SUV.

2012

Planned assembly plant and Rs 800 crore investment for Ssangyong.
Won arbitration award and class action suit against Global Vehicles.
Entered Kenyan passenger vehicles market with XUV500, Scorpio, Genio, and Maxximo.
Signed agreement with Telephonics for Mahindra-Telephonics Integrated Systems JV.
Mahindra Ugine inked JV with Sanyo Special Steel and Mitsui as Mahindra Sanyo Special Steel Pvt Ltd.

2013

Inked partnership with Snapdeal.com for two-wheelers.
Launched new visual identity.
Launched Verito Executive edition.
Launched MPOWER training program at IIM Ahmedabad.
Unveiled Maxximo Plus Mini-truck in Bengaluru and Chennai.
Expanded dealership network.
Launched Bolero Maxi Truck Plus in Ahmedabad.
Mahindra Two Wheelers won 3 awards at CMO Asia Manufacturing Excellence Awards.

2014

Introduced 'Yoga Seats' in Quanto Compact SUV.
Signed MoU with Government of Bhutan for electric vehicles.
Mahindra Defence Naval Systems inaugurated Chakan plant.
Mahindra Integrated Business Solutions signed MoU with CARE Advisory.
Mahindra Logistics acquired majority stake in LORDS Freight India Pvt. Ltd.
Planned launch of global scooter GUSTO.

2015

Mahindra Two Wheelers and Peugeot Motorcycles completed strategic partnership.
Inaugurated extended automotive manufacturing facility at Zaheerabad.
Entered strategic partnership with Mitsubishi Heavy Industries in agricultural machinery.
Launched mini-truck Jeeto.
Set up Africa-focused business unit.
Launched New Thar CRDe.
Signed MOU with Government of Tamil Nadu.
Launched TUV300 SUV.
Announced start of strategic partnership with Mitsubishi Agricultural Machinery.
Introduced automatic transmission for XUV500.
Acquired Pininfarina S.p.A.

2016

Inaugurated Bio-CNG plant in Mahindra World City, Chennai.
Launched Premium Pick up Imperio.
Launched KUV100 at Rs 4.42 lakh.
Launched new mHawk diesel engine variant.
Mahindra Powerol launched 125kVA diesel generators.
Entered Global Combine Harvester Business.
Launched new range of 5 Agri Specialist Tractors Mahindra YUVO.
Launched electric car in other European markets.
Launched New Bolero with mHAWK D70 engine.
Launched eSupro, India’s first all-electric cargo and passenger van.
Opened spare parts warehouse in Jaipur.

2017

Introduced DiGiSENSE in Arjun Novo.
Launched new product variants.
KUV100 crossed 50K cumulative sales.
Launched first driverless tractor.
Partnered with Uber for electric vehicle deployment.
Issued bonus shares in 1:1 ratio.

2018

Mahindra Electric launched VR drive experience for e2oPlus.
Mahindra Aero added Botswana’s Major Blue Air as customer for 10-seater turboprop aircraft.
Launched new off-road vehicle ROXOR.
Launched new tractor platform.
Bolero sales reached 10 lakh units.
Reported best ever tractor sales in 2017-18.
Joined Rs 1-trillion market cap club.
Launched XUV500 variant.
Launched TUV300 Plus at Rs 9.59 lakh.

2019

Launched HerDrive campaign.
Launched eight-seater Marazzo variant.
Launched e-mobility service in Mumbai.

2020

XUV300 received 5-star adult safety rating in Global NCAP test.
Launched locally assembled Scorpio pick-up vehicle in Kenya.
Launched Marazzo with BS-VI powertrain at Rs 11.25 lakh.
Launched new potato planting machinery in select states.
Mahindra Electric launched cargo 3-wheeler Treo Zor.

2021

Tech Mahindra ranked amongst 2021 Global 100 Most Sustainable Corporations.
Mahindra Lifespace Developers tied up with SBI for home loan approvals.

2022

Entered e-cart segment with launch of Electric 3-wheeler e Alfa Cargo.
Announced strategic partnership with Hero Electric in electric mobility.
Overall auto sales jumped 89% year-on-year in February to 54,455 vehicles.

2023

Acquired stake in Emergent Solren Private Limited.
Received approval for merger by absorption of Mahindra Heavy Engines Limited, Mahindra Two Wheelers Limited, and Trringo.com Limited.
Launched new Compact Light Weight Tractor Range 'Swaraj Target'.
Announced plans to scale up electric three-wheelers and small commercial vehicles.

2024

Informed exchange about scheme of merger by absorption of Mahindra Heavy Engines Limited, Mahindra Two Wheelers Limited, and Trringo.com Limited with Mahindra & Mahindra Limited.
Signed MOU with Ministry of Skill Development and Entrepreneurship for Drone Didi Yojna pilots.
Conducted pilots at NSTI Hyderabad and Noida to skill 500 women.
Update on scheme of merger by absorption of Mahindra Heavy Engines Limited, Mahindra Two Wheelers Limited, and Trringo.com Limited.

Mahindra & Mahindra Ltd

Company History