Mahindra & Mahindra acquires renowned Italian design house, GRD Italy

Mumbai: Mahindra & Mahindra Ltd., one of India's largest automotive conglomerates, has signed a binding agreement to acquire the business of G.R. Grafica Ricerca Design S.r.l (GRD), an Italian auto designing, Body engineering and feasibility and styling company based out of Turin, Italy. With this acquisition, M&M intends to develop a global design centre for the Group and cater to global Auto OEMs.