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Mahindra & Mahindra to invest up to Rs 176 crore in Zoomcar
Fri, Feb 16, 2018
Auto major Mahindra & Mahindra (M&M) today said it will invest up to Rs 176 crore in car and bicycle rental firm Zoomcar India and Zoomcar Inc, its US incorporated holding parent company.
M&M sells 22% stake in JV Mahindra Sanyo for Rs 146.32 crore
Fri, Feb 09, 2018
Mahindra & Mahindra today said it will sell 22 per cent of its stake in joint venture firm Mahindra Sanyo to Sanyo Special Steel Co Ltd for Rs 146.32 crore.
Mahindra to launch new SUV S201 in India soon; here're the details
Tue, Dec 26, 2017
Mahindra S201 will compete against Tata’s Nexon and Maruti’s Brezza and the larger version will rival against Hyundai Creta and Renault Duster.
Mahindra & Mahindra logs good volume growth
Fri, Dec 01, 2017
M&M also logged growth in the three wheeler segment last month selling 4,455 units as against 3,953 units sold during corresponding period in 2016.
Mahindra eyes US car market with South Korean subsidiary
Sun, Nov 26, 2017
The company this week opened a new $230 million plant in Detroit, the world's car capital, which got its first automotive production facility in 25 years.
Uber to partner with Mahindra for electric vehicles in India
Fri, Nov 24, 2017
Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two companies said in a statement on Friday.
'Mahindra US plant an illustration of India-US economic ties'
Thu, Nov 23, 2017
Indian automobile giant Mahindra's new manufacturing plant in Detroit with an investment of $230 million is an illustration of the India- US economic partnership, the Trump administration has said.
Mahindra & Mahindra for expanding footprint in Rs 1,000-cr e-rickshaw market
Mon, Nov 20, 2017
"We have launched e-Alfa Mini in Delhi, Lucknow and today in Kolkata, to tap the e-rickshaw market. We will expand in more cities across the country. Already, we have decided to expand to 7-8 more cities," M&M VP marketing (commercial vehicles) Mahesh Kulkarni said.
Domestic passenger vehicle sales expected to grow by 9-10% in FY18: Report
Tue, Oct 31, 2017
Rural economy seems to be gaining momentum on account of increase in minimum support prices, farm loan waiver, 7th pay commission, as well as normal monsoon in most part of India.
How Tata Motors winning the 10,000 electric cars govt order gives it an edge in EV market
Fri, Oct 06, 2017
Tata Motors won the bid by quoting the lowest price of Rs 11.2 lakh each, inclusive of the GST and a five-year warranty.
Mahindra car sales surge to 23% in September as Scorpio records highest ever monthly sales
Tue, Oct 03, 2017
The company's total domestic sales stood at 50,456 units during September 2017, as against 42,545 units sold in the same month last year, a 19% growth.
Tata Motors edges out Nissan, M&M to supply 10,000 electric cars
Fri, Sep 29, 2017
Tata Motor was selected for supplying the 10,000 electric cars through an international competitive bidding aimed at increased participation. Nissan and M&M too participated for the tender.
Here's why automobile firms like Mahindra, Ford forge alliances despite several failures
Wed, Sep 20, 2017
Mahindra & Mahindra tied up with Ford Motor to look at a strategic alliance that will help both companies in the Indian as well as global markets
Mahindra, Ford to explore strategic tie-up in India, emerging markets for 3 years
Mon, Sep 18, 2017
Teams from both companies will collaborate and work together for a period of up to three years. Any further strategic cooperation between the two companies will be decided at the end of that period.
Car makers may hike prices soon with rise in GST cess from today
Mon, Sep 11, 2017
The GST Council's decision on increasing the cess on mid-size, large cars and SUVs will be implemented today as announced by CBEC.
Competition in electric vehicle segment moves into high gear with top car makers entrance
Wed, Sep 06, 2017
Car makers in India such as Maruti Suzuki, Hyundai and Tata Motors are gearing up with plans to launch their own electric vehicles.
Car manufacturers post mixed sales in August; CV sales make big recovery
Fri, Sep 01, 2017
Top car makers such as Maruti Suzuki, Hyundai, Tata Motors and Mahindra posted a growth in sales during August, however Ford India and Toyota Kirloskar Motors posted a decline in sales.
GST to weaken automobile sectors Q2 earnings
Wed, Aug 30, 2017
From destocking at dealerships to increase in discounts, these are some of the factors due to GST which will impact the automobile sectors Q2 results.
Tata Motors to apply the same electric car strategy as Mahindra to spark up Nano sales
Mon, Aug 28, 2017
Tata Motors will now convert Tata Nano into an electric vehicle after sales of the car have plummeted in recent years.
Here's why Mahindra will be impacted the most with hike in GST cess
Fri, Aug 25, 2017
Mahindra's higher exposure to the SUV segment makes it especially vunerable to the impact of the hike in the GST cess expected soon.