Mahindra & Mahindra (M&M), on Tuesday, said it has signed a binding agreement to acquire the business of G R Grafica Ricerca Design (GRD), an Italian auto designing, body engineering and feasibility and styling company.
With this acquisition, to be completed through its subsidiary Mahindra Graphic Research and Design (MGRD), it intends to develop a global design centre for the group and cater to global OEMs.

GRD is one of leading companies based out of Turin, Italy, which executes designing, body engineering and feasibility and styling work for leading auto OEMs and designing companies based out of Europe and Asia. The current GRD management team will continue to drive all operations for MGRD.