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MINDA INDS : Forms JV With Japanese Company Katolec Corp

M&M: Need For Innovation

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February 11: In 1993, M&M was a Rs.400 crore company that largely made tractors. However, today the company has a turnover of Rs.55,700 crore and has expanded from scooters to high end SUVs. Experts attribute M&M’s growth to the various new products that it introduced. Pawan Goenka, President of Automotive Sector, M&M, says that the company went ahead with frugal innovation to stay at par with its global peers.