Mahindra Restructures its Farm Equipment business in Turkey

• Erkunt Traktor to acquire Hisarlar’s Agricultural Machinery business and build on its turnaround, evolving into a full range Farm Equipment OEM
• MOICML to divest its stake in the non-core Metal Fabrication business of Hisarlar

Mumbai, July 7, 2021: Mahindra and Mahindra Ltd, today announced that its subsidiary Erkunt Traktor Sanayi A.S. (Erkunt), will acquire the Agriculture Machinery business from Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi (Hisarlar), also a subsidiary of the company.