Mahindra arm forms JV with Actis; to invest Rs 2,200 crore in industrial units
NEW DELHI: Actis, a leading global investor in sustainable infrastructure, today announced that it has entered into an agreement with Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, to establish an integrated business to develop industrial and logistics real estate facilities across India. Actis is investing for a majority stake […]
Mahindra’s sales jump 25% to 45,640 units in April, SUV segment grows 22%
NEW DELHI: Mahindra & Mahindra (M&M) on Monday said its total sales increased by 25 per cent to 45,640 units in April. The company’s total sales stood at 36,437 units in April 2021. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose by 23 per cent to 22,526 units last month against […]
Ford, Mahindra to scrap previously announced automotive joint venture
NEW DELHI:US auto major Ford Motor Co on Friday said it and India’s Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their […]
Mahindra set to deliver 1,000 ‘All-New Thar’ SUVs during Diwali
NEW DELHI: Automobile major Mahindra & Mahindra on Friday said that it is set to deliver 1,000 ‘All-new Thar’ SUVs across the country, during this Diwali festive period. According to the company, deliveries are based on the sequence of bookings received for the variants that are available. The delivery process had commenced on November 1, […]
Mahindra Q2 PAT dips 88% to Rs 162 crore, shuts aircraft business in Australia
NEW DELHI: Mahindra & Mahindra (M&M) on Tuesday reported an 88 per cent drop in its profit after tax (PAT) to Rs 162 crore for the second quarter ended September 30, mainly on account of an impairment provision of Rs 1,149.46 crore for certain long-term investments. The auto major along with one unit, Mahindra Vehicle […]
Tata Motors, Mahindra cut production to align with tapering market demand
NEW DELHI: Home grown auto majors Tata Motors and Mahindra & Mahindra (M&M) are suspending automobile manufacturing in order to adjust production with market demand. M&M on Friday said it will be suspending production for 8-14 days in the ongoing quarter while Tata Motors also confirmed taking steps to align manufacturing with tapering demand. In […]
Mahindra launches lower version of SUV XUV500 priced Rs 8.49 lakh
NEW DELHI: Mahindra & Mahindra on Thursday launched a new SUV, the XUV300, which is a souped down variant of the premium model XUV500. The sub-4 meter XUV300 comes in both petrol and diesel options, and are priced in the range of Rs 7.90-8.49 lakh, respectively, and is powered by a 1.2-litre (petrol) and 1.5- […]
Mahindra launches new Scorpio S9 variant at Rs 13.99 lakh
NEW DELHI: Mahindra & Mahindra has announced on Monday launch of a new variant of its popular SUV Scorpio priced at Rs 13.99 lakh (ex-showroom Delhi). The ‘feature-packed’ S9 will be available pan India across Mahindra dealerships with immediate effect, the company said in a statement. The new variant will be powered by the mHAWK […]