In , Ghulam Mohammed decided to move to the newly formed Pakistan. They did not have the financial resources to change the name. They eventually saw a business opportunity in expanding into manufacturing and selling larger multi utility vehicle MUVs and started assembling under the licence of Willys Jeep in India. Over the past few years, the company has taken an interest in new industries and foreign markets.
In , they entered the two-wheeler industry by taking over Kinetic Motors in India. In January , Mahindra and Mahindra Ltd acquired a In February , Mahindra acquired a minority stake of Carnot Technologies owns and operates smart car firm CarSense. In June , Mahindra purchased an In November , Mahindra signed a memorandum of understanding MOU agreement with Belgium-based Dewulf , a supplier of a full line of potato and root crop machinery.
In April , Mahindra and Renault ended its joint venture which operated from onwards, with Mahindra buying out Renault's stake. In January , Mahindra ended its collaboration with Ford owing to global economic and business conditions caused by the pandemic.
Mahindra maintains business relations with foreign companies like Renault SA , France. Mahindra began assembling the Jeep CJ3 in , and light commercial vehicles in In the licensed assembly of Peugeot diesel four-cylinder engines and transmissions began, and in a tie-up with Kia Motors to build their four-speed KMT90 transmission and transfer case was announced. These were powered by four-cylinder, 2. These were sold under motor industry investments, a joint venture between Paul Stoddart an Australian businessman and Roger Bastable founder of Abby Hill Group.
Mahindra started making passenger vehicles firstly with the Logan in April under the Mahindra Renault joint venture. It manufactures over 20 models of cars, including larger, multi-utility vehicles like the Scorpio and the Bolero.
