Joint Venture2 Mar 2026, 01:10 pm
Mahindra & Mahindra's Associate MAM to Exit Agricultural Machinery Business in Japan
AI Summary
Mahindra & Mahindra Ltd. has informed about the decision of Mitsubishi Mahindra Agricultural Machinery Co. Ltd. (MAM), an associate company in Japan, to withdraw from the agricultural machinery business. MAM will continue to supply spare parts and product warranty services. The decision comes after MAM incurred losses despite multiple measures to restore profitability. The withdrawal is expected to be completed in the first half of fiscal year 2027. MAM plans to dissolve and proceed with liquidation procedures for businesses other than the continuing business.
Key Highlights
- MAM to withdraw from agricultural machinery business in Japan
- Continuation of spare parts supply and product warranty services
- Multiple measures taken to restore profitability but found unsustainable
- Withdrawal expected in first half of fiscal year 2027
- Dissolution and liquidation procedures for other businesses