Mahindra Vehicle Sales and Service Inc. (MVSS) has become a step-down subsidiary of Mahindra & Mahindra (M&M). MVSS has become a subsidiary of Mahindra Automotive North America Inc. (MANA) with effect from June 06, 2017. Mahindra Automotive North America Inc. is a step down subsidiary of M&M.
MANA is a wholly owned subsidiary of Mahindra Overseas Investment Company (Mauritius) (MOICML) which is a wholly owned subsidiary of the company, has subscribed to 100% of the equity share capital of MVSS in the USA on June 06, 2017. In view of this, MVSS has become a wholly owned subsidiary of MANA which is a wholly owned subsidiary of MOICML and in turn, of the company.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.