Page 7 - M&m

M&M offers free coronavirus insurance plan for Bolero pick-up range

Auto major Mahindra & Mahindra on Friday announced a free coronavirus insurance plan for its Bolero pick-up range, offering a floater cover of up to Rs 1 lakh to the vehicle owner and his family members (up to two children) as part of its mega festive offer. The insurance plan can be availed between October 1 and November 30 on the Bolero pickup range which includes the pick-up Maxi Truck, City pickup and Camper, the company said in a release. The Free Corona Insurance is a floater health insurance cover for up to Rs 1 lakh that will cover the customer, his/her spouse and up to two of the customer's children and will remain valid for a period of 9.5 months from the date of purchase of the new vehicle, Mahindra and Mahindra (M&M) said. The pick-up customer is one whose job involves travel, providing essential services, where they can't avoid interacting with people around the clock. An industry-first initiative on our Bolero pick-up range, this corona insurance initiative ...

M&M shares gain 4% as bookings for All-New Thar SUV cross 9,000 mark

Motilal Oswal Securities believes the new 'Thar' has the capability to lure fan base customers.

M&M raises Rs 1.11 crore by auctioning new Thar for Covid-19 relief work

Domestic auto major Mahindra & Mahindra Ltd on Wednesday said it has raised Rs 1.11 crore from online auctioning of the first unit of all-new version of SUV Thar, which is set to be launched on October 2. Mahindra has matched the amount raised at the auction and the total proceeds of Rs 2.22 crores will be donated towards coronavirus pandemic relief work, a release said. The idea of the auction was to harness Thar's iconic status to galvanise the country during this trying time and aid its fight against COVID-19 pandemic, it said. The online auction, which lasted for six days, witnessed almost 5,500 registrations from nearly 550 locations across the country. The auction reserve price was set at Rs 25 lakh, and the winning bid was placed at Rs 1.11 crore, M&M Ltd in the release. The winner has chosen Swades Foundation to receive the entire proceeds from the auction and support COVID-19 relief work, it added. "It is heartening to see the interest and generosity that this auction

Virtual AGMs see lower shareholder representation amid Covid-19 pandemic

TCS and M&M were outliers, recording a two-fold rise in representation

Mahindra's latest drive, Thar, enters small segment of city off-roaders

Mahindra's move was overdue given that the city SUV segment has been aggressively targeted by competition

M&M's Meru Mobility Tech planning to focus on corporate commuter segment

Like most of the other ride hailing firms, which went out of business due to the lockdown, Meru also got into the delivery of essential services to survive the lockdown

Harley Davidson in talks with Bajaj, M&M for strategic partnership: Report

The Newark-based firm has been reviewing its India operations as part of its global rewire strategy announced in July 2020

I am optimistic that history will indeed repeat itself: Anand Mahindra

"Life has led us full circle," said Mahindra, alluding to 2002

M&M inducts Nisaba Godrej and Muthiah Murugappan as independent directors

Firm seeks shareholders nod to reduce stake in Ssangyong Motor

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Maruti Suzuki, M&M beat year-end blues, post rise in domestic sales figures

The country's largest carmaker Maruti Suzuki India and Mahindra & Mahindra on Wednesday reported rise in their domestic sales in December, even as Hyundai and Totoya posted negative growth. Beating the year-end blues Maruti Suzuki India (MSI) said its domestic sales were at 1,24,375 units in December as against 1,21,479 units in the same month a year ago, registering a growth of 2.4 per cent. The company said its compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire recorded sales of 65,673 units last month as compared to 51,346 units in December 2018, a growth of 27.9 per cent. Sales of utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza, were at 23,808 units as compared to 20,225 units in the same month in 2018, a growth of 17.7 per cent. However, the mini segment comprising Alto, S-Presso and Old WagonR witnessed a decline of 13.6 per cent at 23,883 units as compared to 27,649 units in December 2018. Mahindra & Mahindra also ...

Anand Mahindra to assume non-executive chairman role in M&M succession plan

On April 1, 2020, Rajesh Jejurikar will join the M&M Board as Executive Director (Auto and Farm Sectors)

Top headlines: M&M's board rejig, Fitch lowers India GDP growth, and more

In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year

M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint majority of directors

Homegrown utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it has completed acquisition of 36.63 per cent stake in Meru Travel Solutions in the first tranche as part of its Rs 201.5-crore deal to acquire 55 per cent shareholding in the radio taxi operator. In September M&M had announced signing of a share subscription and shareholder agreement for subscribing up to 55 per cent of equity share capital of Meru Travel Solutions Pvt Ltd in tranches. "...the company has today acquired 36.63 per cent of the equity share capital of Meru in the first tranche of investment, and also the right to appoint majority of the directors on the board of Meru," M&M said in a regulatory filing. M&M said it "has invested an amount of Rs 44.71 crore (in cash consideration) for the acquisition of 36.63 per cent of the equity share capital of Meru". Consequently, Meru has become a subsidiary of the company with effect from December, 5 2019. Also subsidiary companies of ...

Mahindra & Mahindra launches BS-VI compliant XUV300 at Rs 8.30 lakh

Mahindra & Mahindra Ltd on Tuesday launched its first BS-VI compliant vehicle in the form of its compact SUV, XUV300 with price ranging from Rs 8.30 lakh to Rs 11.84 lakh. The BS-VI version of the XUV300 will be available on all its 1.2 litre turbo petrol offerings, Mahindra & Mahindra (M&M) said in a statement. Mahindra is proactively transitioning its mobility portfolio to BS-VI emission standards in a phased manner, well ahead of the statutory timeline of April 1, 2020, it added. Commenting on the launch, M&M President, Automotive Sector Rajan Wadhera said, "It is a milestone in our BS-VI transition journey. Despite tight timelines, we along with our suppliers, have met the challenging requirements of these tighter emission norms, much ahead of the stipulated timeline." He further said, "We will progressively upgrade our entire range with cleaner emissions technology.

Mahindra and Mahindra Q2 net down 27% on sales drop amid auto slowdown

Last month, larger rival Maruti Suzuki India flagged 30.2% slide in unit sales for the September quarter.

M&M recalls a batch of XUV300 units to fix faulty suspension component

It will be applicable to a batch of the models manufactured till May 2019