Mahindra & Mahindra Ltd,set up in 1945, is a conglomerate of automotive, farm equipment, financial services, trade and logistics, automotive components, after-market, IT and infrastructure.  It is the leader in the utility vehicle (UV) segment in India with its flagship UV, the Scorpio (known as the Mahindra Goa in Italy). M&M has taken the largest share in India's tractor market since 1984. Li Donghui, purchasing manager of Mahindra&Mahindra Ltd, said that their sourcing amount in China had kept increasing.

In 2005, Mahindra and JMC Group joined hands to set up Mahindra (China) Tractor Co. M&M increased its investment in China last year, starting cooperation with Jiangsu Yueda Yancheng Tractor Manufacture Co., Ltd.

The global financial crisis has badly affected the world automotive industry, Amid the financial crisis, M&M has suffered a big loss in tractor business, especially in the American market, which is the largest market for M&M export and is also the area most hit by the crisis. But in the car sector, the company posted a better performance, with sourcing amount keeping increasing in China.