A majority stake was acquired by Mahindra & Mahindra in 1999, and the Company
underwent yet another change of name: Mahindra Gujarat Tractor Limited.
Currently, the Mahindra Group has a 60% stake and the balance 40% is with the
Government of Gujarat. It sells about 3000 tractors p.a. under the brand name
Shaktimaan and has a manufacturing plant in Baroda. |
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