Mahindra Farm Equipment strengthens its position in Turkey
(WorldNews Asia)

Invests in Turkey-based Erkunt Traktor Sanayii A.S. Mumbai, September 20, 2017: Mahindra & Mahindra Ltd (M&M Ltd), part of the USD 19 billion Mahindra Group, headquartered in Mumbai, India, today announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. This transaction is expected to close by the last quarter of calendar year 2017. This association with Erkunt on the back of the Hisarlar acquisition earlier in the year will help in growing Mahindra`s farm equipment business in the strategic market of Turkey. With two strong brands such as Mahindra and Erkunt coming together and with a wider combined...