Mahindra & Mahindra was founded in 1945 as a steel trading company and entered automotive manufacturing in 1947, introducing the Willys Jeep to India. It has since diversified into multiple businesses and is now a $16.7 billion multinational with over 180,000 employees worldwide. In 2008, Mahindra acquired Kinetic Motor Company to enter the two-wheeler market, and now produces scooters and motorcycles through its subsidiary Mahindra Two Wheelers Ltd using facilities in Pune and Pithampur.