M&M incorporates MBPL as wholly-owned subsidiary

New Delhi: Home-grown auto major M&M said it has incorporated Mahindra Bangladesh Private Limited (MBPL) as its wholly-owned subsidiary.

MBPL has been incorporated in Dhaka, Bangladesh under the laws of Bangladesh, The Companies Act (Act XVIII) of 1994, Mahindra and Mahindra 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, motorcycles, three-wheelers or other motor vehicles,” the company said.