| Mahindra Tractors strikes Gold in China |
Mahindra’s Farm Equipment Sector made further inroads into China when it signed an agreement to form a Joint Venture (JV) with Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd. (Yancheng Tractor), a leading Chinese tractor manufacturer. This was the sector’s second JV in China, in addition to Mahindra’s current tractor business namely, Mahindra China Tractor Company Ltd. (MCTCL). The Deming and Japan Quality Medal winner also launched its tractor range in Turkey.
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Mr. Hu Youlin, Chairman, Yueda Group and
Mr. Anand Mahindra, VC and MD, Mahindra Group
at the
inauguration of the Mahindra Yueda Yancheng Tractor Co in April 2009
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Mr. A. Choudhari, President, Farm Equipment Sector, Mahindra and Mr. Shao Yong, President, Yueda Group,
at the signing ceremony between Mahindra and Yancheng Tractor Co.
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