 Its major competitors in the Indian market include Maruti Suzuki and Tata Motors.Mahindra & Mahindra was founded as a steel trading company on October 2, 1945 in Ludhiana as Mahindra & Muhammed by brothers Harikrishnan and Jayakrishnan and Jagdish Chandra Mahindra along with Malik Ghulam Muhammad.Anand Mahindra, the present Chairman of Mahindra Group, is the grandson of Jagdish Chandra Mahindra.