M&M Incorporates New Subsidiary In Jordan
Mahindra And Mahindra Limited (M&M) informs that Mahindra Armored Vehicles Jordan, LLC. (MA VJL) is incorporated as a wholly owned subsidiary of Mahindra Emirates Vehicle Armouring FZ LLC (MEV A'), a step-down subsidiary of the Company in which 88% of the shares are held by Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), a wholly owned subsidiary of the Company.
MEVA has incorporated MAVJL as its wholly owned subsidiary with the following purposes and objectives for undertaking its business activities:
♦ Manufacture, armouring and sales of Armoured vehicles, Bullet proof vehicles, security vehicles, Military vehicles, cash in transit vehicles, police vehicles and special purpose vehicles.
♦ Modification, upgradation manufacturing and sales of different types of vehicles, component, parts, accessories.
♦ Painting, fabrication, vehicle Assembly, Special Accessories Fitting, Bodies manufacturing and Vehicle upholstery services.