India: Mahindra acquires tractor company in Turkey for $125m

India: Mahindra acquires tractor company in Turkey for $125m

Mahindra and Mahindra Financial Services Ltd, or Mahindra Finance, is an NBFC that provides auto loans primarily for purchasing tractors, utility vehicles and cars. Photo: Bloomberg

Mahindra and Mahindra Ltd on Wednesday said it has acquired Erkunt Traktor Sanayii AS, a Turkish tractor maker and its foundry business for Rs800 crore through Mahindra Overseas Investment Co.(Mauritius) Ltd.

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