Mahindra Buys into Mitsubishi’s Ag Equipment Business

Mahindra & Mahindra, one of India’s leading farm equipment manufacturers, has completed a $25 million investment in Mitsubishi’s compact tractor and rice cultivation equipment operations in Japan.

Under the deal, announced earlier this year, M&M acquired a 33.3% stock holding in the business, which remains majority owned by Mitsubishi Heavy Industries, a wide-ranging industrial group.

To reflect the Indian manufacturer’s significant involvement, the business has been renamed Mitsubishi Mahindra Agricultural Machinery Co., and a senior…

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