Mahindra & Mahindra faced increasing competition in the Indian jeep market but sought to expand globally through export policies and trade fair participation. It began manufacturing diesel engines with a French company and aimed to export 2500 jeeps annually to Australia. While opportunities existed through globalization and liberalization, threats included lower prices from competitors and changing customer tastes towards newer designs. Mahindra learned to develop new products and diversify while adapting its strategy in response to challenges and opportunities.