Mahindra & Mahindra’s Dissolves Its West African Subsidiary
Mahindra & Mahindra’s Dissolves Its West African Subsidiary. Mahindra West Africa, a wholly owned subsidiary of Mahindra and Mahindra South Africa Proprietary Limited, which was under liquidation in Nigeria, is now dissolved as of January 4, 2023, the company announced through an exchange filing.
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to rise.
Mahindra South Africa is a fully-owned subsidiary of Mahindra & Mahindra of India. Mahindra SA is celebrating its 14th year of operations in South Africa. The company has dealers in all nine provinces of South Africa, which are comprehensive facilities that handle sales, service and spare parts. With 60 dealerships, in cities and in towns across Southern Africa, Mahindra has a growing national footprint that is moving ever deeper into communities as the company continues its drive to offer value-for-money products and services to its customers.
The company has also expanded into other sub-Saharan countries, currently exporting vehicles to Botswana, Zimbabwe, Zambia and Namibia. Mahindra South Africa has achieved significant growth in the country since its establishment in October 2004, and since then it has sold approximately 40 000 vehicles.
