Mahindra & Mahindra Limited. The principal activity of the Group is to manufacture, distribute and sell farm equipment and utility vehicles. The Group also provides IT and Financial services apart from trading and management services. The Group operates in five segments: Automotive, Farm equipment, IT services, Financial services and Other. The Automotive sector manufactures multi utility vehicles and light commercial vehicles. The farm equipment sector designs, develops, manufactures and markets tractors, servicing the Indian market. The IT segment comprises of services rendered to IT and Telecom. The Financial services provides services like financing, leasing and hire purchase of automobiles and tractors and Other segment comprise of steel trading, project management, Investment and power plant etc. Automotive accounted for 38% of fiscal 2002 revenues; Farm equipment, 33%; IT services, 12%; Financial services, 4% and Others, 13%.