Mahindra& Mahindra (M&M) was established in 1945. It was converted into a public limited company in 1948. Manufacturing activities started in 1954 in collaboration with Willy’s Overland Corporation. Production of Light commercial Vehicles (LCV) started in 1965. Four Manufacturing Plants: 3 in Maharashtra (Mumbai, Nasik, Igatpuri), 1 in Andhra Pradesh. It acquired International Tractor Company of India in 1977. Tractor Brand Mahindra was established in 1982 Under the flagship company, there were two main sectors: 1) Automotive sector (utility vehicles, LCV’s, three wheelers) 2) The farm equipment Sector (Tractors and other farm implements) The net worth of the company in 2003 was Rs.15.7 billion