M&M Incorporates MBPL As Wholly-Owned Subsidiary
Mahindra and Mahindra Ltd. vehicles stand on display at a NBS International Ltd. dealership in Mumbai. (Photographer: Vivek Prakash/Bloomberg)

M&M Incorporates MBPL As Wholly-Owned Subsidiary

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Home-grown auto major Mahindra & Mahindra Ltd. on Tuesday said it has incorporated Mahindra Bangladesh Private Ltd. as its wholly owned subsidiary.

MBPL has been incorporated in Dhaka, Bangladesh under the laws of Bangladesh, The Companies Act (Act XVIII) of 1994, M&M said in a regulatory filing.

The objective of the move "is to carry on the businesses of trading, distributing, supplying, storing, exporting, importing, servicing, manufacturing, developing, assembling, leasing, selling on hire-purchase or instalment systems, research and development, of all kinds of passenger, transportation and utility vehicles including but not limited to tankers, tractors, agricultural machinery, multi-utility vehicles, trailers, lorries, trucks, buses, motor cars, motor cycles, three wheelers or other motor vehicles," the company said.

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