M&M to acquire Turkish tractor, foundry firms for Rs 735 crore
M&M said it will acquire 100 percent share capital of Erkunt Traktor thus giving it access to Turkish market.
Sep 20, 2017, 14:42 PM IST
Frequent changes in tax rates to impact investment: Hyundai
The GST Council last week decided to hike cess on mid- size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-GST levels.
Sep 12, 2017, 17:57 PM IST
Focus on small businesses to drive manufacturing: Anand Mahindra
Asserting that domestic manufacturing has not lost its mojo, business leader Anand Mahindra has said "a new round of boom is upon us," and sought increased public policy focus on small businesses so that they drive this next wave of growth.
Aug 24, 2017, 10:28 AM IST
Bus body-maker MG Group enters manufacturing with airport coach
It has multi-year contracts with OEMs like Mahindra & Mahindra, Ashok Leyland, Eicher Motors, Tata Motors, MAN of Germany and Scania of Sweden, Kamat said, adding that the group employs over 1,100 people.
Aug 06, 2017, 17:08 PM IST
Mahindra group to pump in $1 billion in US over next 5 years
The Mumbai-headquartered group, which currently employs around 3,000 people in the country, also plans to double the headcount over the next five years as it looks to expand operations.
Jul 16, 2017, 16:05 PM IST
Govt needs to incentivise buying e-vehicles: Anand Mahindra
Mahindra also asked the government to make proper regulations in the ride aggregation business as these entities were likely to adopt electric mobility at a faster clip.
Jul 16, 2017, 15:33 PM IST
Mahindra launches Jeeto Minivan at Rs 3.45 lakh
Home-grown auto major Mahindra & Mahindra on Thursday launched passenger carrier small commercial vehicle, Jeeto Minivan, starting at Rs 3.45 lakh (ex-showroom Mumbai, BS IV diesel variant).
Jul 13, 2017, 15:36 PM IST
Mahindra sales dip 8% at 35,716 units in June
Commercial vehicle sales were up 12 percent at 15,131 units in June against 13,538 units in the year-ago period, the company said.
Jul 01, 2017, 14:47 PM IST
Mahindra pulls the plug on automatic variant of Scorpio
Utility vehicle major Mahindra & Mahindra has discontinued sales of automatic variant of its popular sports utility vehicle Scorpio.
Jun 25, 2017, 14:31 PM IST
Equities trade at new highs, but cautious ahead of GDP data
After a negative start, the Indian equity markets on Wednesday traded at new highs during the mid-afternoon session with healthy buying in automobile, consumer durables and capital goods stocks.
May 31, 2017, 10:16 AM IST
Mahindra eyes 5,000 per month e-vehicle output on shared mobility growth
Banking on the shared mobility space after launch of India's maiden electric vehicle project in Nagpur, automobile giant Mahindra & Mahindra is eyeing a capacity of 5,000 e-vehicles a month by 2019 which will be expanded further.
May 28, 2017, 13:23 PM IST
Mahindra KUV100 crosses 50K cumulative sales milestone
Mahindra & Mahindra (M&M) on Friday said its compact SUV KUV100 has crossed the 50,000 units sales milestone, since its launch in January last year.
Apr 21, 2017, 15:23 PM IST
Mahindra plans to launch petrol XUV500 in Q1 FY18
Mahindra & Mahindra plans to launch a petrol variant of its flagship SUV XUV500 in the first quarter of next fiscal in the wake of customer preference shifting away from diesel vehicles in the segment.
Feb 19, 2017, 14:48 PM IST
Mahindra recalls Bolero Maxi Truck Plus model in India to fix defect
In order to fix faulty fluid hose, auto major Mahindra & Mahindra (M&M) is recalling an unspecified number of its utility vehicle Bolero Maxi Truck Plus in India.
Feb 04, 2017, 18:48 PM IST
Demonetisation blues: Mixed bag for automobile sales in December
Reflecting challenges faced by automobile industry in the wake of demonetisation, auto majors Hyundai Motor India, Mahindra & Mahindra and Ford India today reported decline in their domestic sales in December.
Jan 02, 2017, 19:57 PM IST
Mahindra & Mahindra arm forms JV with state-run MSTC for scrapping old automobiles
One of the arms of Mahindra & Mahindra has formed a joint venture with state owned MSTC scrapping of old automobiles and other white goods.
Dec 17, 2016, 15:33 PM IST
Festive season brings cheers for Mahindra; sales up 1.21% at 52,008 units
The company had sold 51,383 units in the same month last year, M&M statement said.
Nov 02, 2016, 13:26 PM IST
Mahindra & Mahindra sells franchise business of BabyOye to FirstCry
A year after acquiring online maternity and childcare brand BabyOye, Mahindra & Mahindra (M&M) on Saturday said it will sell its franchise business to competitor FirstCry for Rs 362.1 crore on a slump sale basis and also invest in it.
Oct 15, 2016, 17:00 PM IST
Ssangyong to form JV for manufacturing base in China
Mahindra Group's South Korean arm Ssangyong Motor Co is forming a joint venture with China's Shaanxi Automobile Group to set up a manufacturing plant in the world's largest automobile market.
Oct 12, 2016, 15:17 PM IST
M&M mulls hiking price of passenger vehicles, LCVs by up to 1%
Homegrown auto major Mahindra & Mahindra plans to increase prices of some of its passenger and small commercial vehicles by up to 1 per cent from next month, as it looks to "partially" offset rising input costs.
Sep 27, 2016, 19:20 PM IST
