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M&M eyes $1 billion turnover from US tractor business by 2020: Report

Mahindra & Mahindra (M&M) is reportedly aiming to double its US turnover from $547 million in FY17 to $1 billion by 2020, as part of an ambitious global expansion plan tractor major. In this regard, the company has recently launched a series of products to target the higher horsepower market - the 6,000, 7,000, 8,000 and 9,000 series. All models with refreshed styling were launched in October. The company has also expanded its distribution channel from 400 to 550.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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