IIPM BEST B-SCHOOL
M&M has kept its core competencies intact
Aperfect
recipe to survive and lead. The Mahindra group just got it all right and of course, the timing was immaculate. The $2.59 billion Mahindra group has survived debilitating recessions and managed to stick on to its core competencies. In the early nineties, the economy was into recession which reflected on Mahindra group. Its profits plunged and the cash flows started to dry-up. At this point, the company went in for a makeover as a carmaker with the launch of Scorpio (in 2002). Moreover, the company exited some of its business to stay focused on core businesses.
Chairman
Keshub Mahindra has left the day to day running of the business to nephew Anand Mahindra (Vice Chairman & MD). The company has kept a global vision from outset. It launched its tractors in the US and has since expanded its penetration to other geographies. Furthermore, it acquired Valtra, the truck maker, and entered into many agreements with global auto majors. Recently, the company signed an MoU with Renault for a green field facility in India to manufacture 5,00,000 units per year. Farm equipments & automobiles have been the key for M&M. Currently it’s the market leader in farm equipment sector and dominates the automobile sector in the MUV segment.
On the anvil are more distribution & production tie ups along with product innovations. And with the sheer aggression it’s displaying, the future can only be brighter.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
Dean of IIPM :- Professor Arindam Chaudhuri (Renowned Management Guru and Economist)
For More IIPM Article, Visit Below....
IIPM : EDITORIAL & RESEARCH
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M&M has kept its core competencies intact
Aperfect
recipe to survive and lead. The Mahindra group just got it all right and of course, the timing was immaculate. The $2.59 billion Mahindra group has survived debilitating recessions and managed to stick on to its core competencies. In the early nineties, the economy was into recession which reflected on Mahindra group. Its profits plunged and the cash flows started to dry-up. At this point, the company went in for a makeover as a carmaker with the launch of Scorpio (in 2002). Moreover, the company exited some of its business to stay focused on core businesses.Chairman
Keshub Mahindra has left the day to day running of the business to nephew Anand Mahindra (Vice Chairman & MD). The company has kept a global vision from outset. It launched its tractors in the US and has since expanded its penetration to other geographies. Furthermore, it acquired Valtra, the truck maker, and entered into many agreements with global auto majors. Recently, the company signed an MoU with Renault for a green field facility in India to manufacture 5,00,000 units per year. Farm equipments & automobiles have been the key for M&M. Currently it’s the market leader in farm equipment sector and dominates the automobile sector in the MUV segment.On the anvil are more distribution & production tie ups along with product innovations. And with the sheer aggression it’s displaying, the future can only be brighter.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
Dean of IIPM :- Professor Arindam Chaudhuri (Renowned Management Guru and Economist)
For More IIPM Article, Visit Below....
IIPM : EDITORIAL & RESEARCH
...IN FLESH AND BLOOD. THE GOD AND THE GODDESS, HERE...
Cadbury: Kuch Meetha Ho Jaye (IIPM Editorial)
Why IIPM’s Course is superior to other MBA/BBA Programme
IIPM-Cooperation and Multicultural Understanding
IIPM RANKED AHEAD OF FIVE OF THE IIMS RATED AS ONE OF THE FASTEST ...
Is Communist leader calling Jyoti Basu the God, beginning of a trend?
Flying over to the land of the hula…
Time is changing for Time Warner...
More M&As expected in Indian IT, especially for mid-sized firms
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