Mahindra

Mahindra & Mahindra to bring 40 tractor models under new OJA brand

Mahindra & Mahindra Ltd on Thursday said its tractor division will bring 40 new models under a new brand OJA, built on a lightweight global platform. The Mahindra OJA tractors will focus on both domestic and international markets including the US, Japan and South-East Asia, the company said in a statement. It will have four sub-tractor platforms the sub-compact, compact, small utility and large utility tractor categories, covering 40 models across various multiple HP points, it added. The new future-ready range of tractors has been developed under the global tractor programme, K2 through close cooperation between the engineering teams of Mitsubishi Mahindra Agriculture Machinery, Japan, and Mahindra Research Valley, India, the R&D centre for Mahindra's Auto and Farm sector, the company said. "Slated for launch later this year, the OJA is Mahindra's future-ready approach to tractorisation exemplified by numerous first best-in-class technologies for improved performance and ...

Mahindra records 21% rise in total sales to 66,091 units in March

Mahindra & Mahindra (M&M) on Monday said its total sales increased by 21 per cent year-on-year to 66,091 units in March. The company had dispatched 54,643 units to dealers in March 2022. In a statement, the Mumbai-based auto major said its utility vehicle wholesales rose by 31 per cent to 35,976 utility vehicles in March, as against 27,380 units in the year-ago period. It was the company's highest-ever utility vehicle wholesales in a month. M&M said its exports last month stood at 2,115 units, as against 3,160 units in the year-ago period, a drop of 33 per cent. For the last financial year, the company sold 3,56,961 utility vehicles, an increase of 60 per cent over 2,23,682 units in 2021-22. "Our SUV business recorded all-time high numbers, with a growth of 31 per cent in March 2023, while it recorded a 60 per cent overall growth in FY23, on the back of good demand across the portfolio," M&M President, Automotive Division Veejay Nakra said in the statement.

Ecofy, Mahindra Solarize team up for rooftop solar financing, installation

Promoted by Eversource Capital, Ecofy aims to be a catalyst in accelerating the transition towards a net zero carbon world

Maruti, Hyundai market share dips in Feb; Tata, Mahindra gain: FADA

Maruti Suzuki India and Hyundai Motor India saw a dip in their market share in February while Tata Motors, Mahindra and Kia India witnessed an year on year increase last month. As per the retail sales data collated by the Federation of Automobile Dealers Associations (FADA), Maruti Suzuki's retail sales last month stood at 1,18,892 units as compared with 1,09,611 units in February 2022. The auto major's market share however declined marginally to 41.40 per cent in February from 42.36 per cent in the year-ago period. Similarly, Hyundai Motor India's market share last month dipped to 13.62 per cent against 14.95 per cent in February 2022. The company retailed 39,106 units last month as compared with 38,688 units in the same month last year. As per FADA, Tata Motors retail sales rose to 38,965 units in February from 34,055 units in the year ago period. Its market share rose to 13.57 per cent last month from 13.16 per cent in February 2022. Similarly, Mahindra & Mahindra saw its ...

Mahindra Racing withdraws from Formula E due to rear suspension concerns

In a major setback to its championship hopes, Mahindra Racing on Saturday withdrew from the Formula E race here on Saturday due to safety concerns over rear suspension. Mahindra made the decision during the qualifying ahead of the Cape Town E-Prix, and following practice, where its driver Lucas di Grassi had pulled off the circuit with a broken rear suspension. The Indian manufacturer made the decision on safety grounds pending further investigation into the exact cause of the problem. It is the first time Mahindra have had to pull out from the race in the championship. Mahindra have been part of Formula E since the inaugural season in 2014. Customer team ABT CUPRA, which also runs the M9Electro, have also withdrawn from the weekend. "Mahindra Racing have confirmed their withdrawal from the ABB FIA Formula E World Championship qualifying sessions and the Cape Town E-Prix Round 5 due to rear suspension safety concerns," said Mahindra in a statement. "A thorough investigation on the

Mahindra launches all electric racing 'Gen3 Formula E race car' in India

The Mahindra Formula E and the Mahindra Advanced Design Europe (M.A.D.E.) teams collaborated on the livery design of the Gen3 car

Price war comes to EVs as Tata makes Nexon cheaper after M&M's new launch

Tata says the move was taken after the company received benefits from additional locations, government initiatives, and production efficiency

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

'Not possible to do away with repossession agents': Mahindra Finance MD

'Specialised people' needed to ensure loan defaulters don't cheat company, says Ramesh Iyer in interview

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

NBFCs' recovery to be hit after RBI action against M&M Financial Services

Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts

Mahindra XUV 400 EV launch: Where to watch, time, features and price

Mahindra XUV 400 EV is ready to be launched today, September 8, 2022. Read this detailed report on features, specifications and expected prices in India

M&M to unveil Mahindra XUV 400 EV this week; here's what we know so far

The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo

M&M won't pump more funds into Pininfarina, seeks external investors

The firm is also "closely monitoring" Peugeot Motorcycles, Mahindra Trucks & Buses and Construction Equipment businesses as their "performance is below expectation"

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

Hyundai to Mercedes, here are top 5 cars to be launched in August

Hyundai, Maruti, Mahindra, and Toyota to launch new cars in different segments. Know everything about the latest cars to watch out for in August.

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year. The stock climbed 6.15 per cent to settle at Rs 1,236.35 apiece on the BSE. During the day, it rallied 7.18 per cent to its 52-week high of Rs 1,248.40. It was the biggest gainer among the Sensex constituents. On the NSE, the stock jumped 6 per cent to Rs 1,234.50 apiece. In volume terms, 16.65 lakh shares were traded on the BSE and over 1.26 crore shares on the NSE during the day. On Monday, Mahindra & Mahindra Ltd reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices

Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers

Mahindra's tweet on 'latest tech' to dry clothes leaves netizens in splits

Business tycoon Anand Mahindra has shared a picture of a 'latest technology to dry clothes on Twitter, and it has left Twitterati amused and in splits.