Page 2 - Mahindra

M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

M&M, British Int'l Investment to build portfolio of five e-SUVs by 2027

At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company

M&M drives in Scorpio-N, hopes to stay in top gear with 'disruptor SUV'

Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster

Suzuki, Tata Motors, M&M, Bajaj among 20 cos selected under auto PLI scheme

New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor

Why India's two-wheeler growth story got derailed?

The sales of two-wheelers plunged to lowest in nine years in 2021. Does the trend reflect the declining purchasing power of people in the middle and lower-income groups? Let's find out

'Domestic leisure bound to grow': Mahindra Holidays downplays Omicron fears

Occupancy is back to pre-pandemic levels and will likely hit upwards of 80% this quarter, Chief Executive Officer Kavinder Singh said

Mahindra Thar clocks cumulative bookings of 75k units in one year of launch

Mahindra & Mahindra (M&M) on Monday said its SUV Thar has crossed 75,000 cumulative bookings mark in one year of its launch in the country. The all-new Thar continued its relentless march to automotive folklore and clocked 75,000 bookings just a year after its launch on Mahindra Group's 75th Anniversary on October 2, 2020, the automaker said in a statement. It has breached the traditional boundaries set by off-roaders and invaded into the dreams of metro-based young, urban buyers who are looking for an authentic yet sophisticated SUV experience, it added. The company noted that 40 per cent of the bookings of the model have come from millennials. "Another interesting fact is that almost 50 per cent of the bookings are for the automatic variant and 25 per cent of the total bookings are for the petrol variant," it added. The new Thar comes with both petrol and diesel powertrains mated with manual and automatic transmissions. The last generation of the model used to come with ...

Mahindra reports 7% decline in September tractor sales

Mahindra & Mahindra Ltd on Friday reported a 7 per cent year-on-year decline in tractor sales to 40,331 units in September. The tractor manufacturer had sold a total of 43,386 units for the same period last year, a release said. The domestic sales in the previous month declined 8 per cent to 39,053 units, as against 42,361 units a year ago, Mahindra said. Exports in September, however, rose 25 per cent to 1,278 units as compared to 1,025 units in the same period last year. With initial crop production estimates indicating highest ever Kharif Crop, coupled with the upcoming festive season, we are optimistic of strong demand in the coming months. In the exports market, we have sold 1,278 tractors with a growth of 25 per cent over last year, said Hemant Sikka, President for Farm Equipment Sector at M&M Ltd. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by September-end and monsoon achieving normal ..

Mahindra & Mahindra to open bookings for XUV700 from October 7

Mahindra & Mahindra Ltd on Thursday announced the opening of bookings for its premium sports utility vehicle XUV700 from October 7. The XUV700 will come in variants including diesel and gasoline, manual and automatic options and with 5 and 7-seater capacity. It will also be available in an optional All-Wheel-Drive (AWD) spec. The bookings for XUV700 will commence from October 7 onwards, M&M said in a release. The automaker, however, has not announced the date for commencement of the deliveries. The company is offering XUV700 in two series - MX and AdrenoX (AX). The AdrenoX series is further classified into three variants - AX3, AX5 and AX7. The complete variant line-up aims at straddling a wide spectrum of buyers, starting at Rs 11.99 lakh for the MX series (MT, petrol, 5-Seater) and Rs 13.99 lakh for the AX series (MT, petrol, 5-Seater), it said, adding that all prices will be applicable for the first 25,000 bookings. Mahindra has also launched an Industry-first 'Add to cart'

Carmaker Mahindra warns of 20% dip in production due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages

M&M expects chip crunch going forward, pandemic to hurt first quarter

Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections

Mahindra 'walks the talk' with free Covid jabs for dealers' employees

Others including Tata Motors and Ford India are also doing their bit to support channel partners

S Korea's SsangYong Motor in receivership as owner M&M fails to find buyer

SsangYong applied to the court in December for receivership after it defaulted on a loan repayment

Mahindra reaffirms faith in South African market with new facility

Mahindra South Africa has reaffirmed its faith in the South African market by opening a new national parts warehouse that is a third larger than its old facility

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise

Digital transformation services provider Tech Mahindra acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharma industry

Mahindra recalls 1,577 units of diesel Thar to replace faulty engine part

Utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it is recalling 1,577 units of its SUV Thar with diesel powertrain to replace faulty camshaft, an engine part. The Mumbai-based auto major said it would undertake proactive inspection and replacement of camshaft on a batch of 1,577 units of Thar diesel variants, manufactured between September 7 and December 25, 2020. "A machine setting error at the supplier's plant, on specific dates, may have affected camshafts in some engines of the diesel Thar," M&M said in a regulatory filing. Keeping with the company's stringent quality standards and exercising abundant caution, it has proactively engaged in this limited recall and offered inspection and subsequent rectification, free of cost, the automaker noted. The company said the affected Thar customers will be individually contacted by the company. As an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this ...

Mahindra introduces XUV300 with new petrol automatic transmission

Automaker Mahindra & Mahindra (M&M) on Tuesday said it has launched compact SUV XUV 300 with automatic transmission. The company has introduced Petrol AutoSHIFT, its auto transmission technology, on the top variant of the model, the Mumbai-based automaker said in a statement. The trim will also come equipped with the all-new BlueSense Plus connected technology, it added. M&M further said the electric sunroof on the model will now be offered from mid variant onwards on both manual and automatic versions. "Today, we launch our innovative auto transmission AutoSHIFT on petrol, which uses advanced technology to offer an effortless drive in city drive as well as on the highways. "We also introduce today the BlueSense Plus, our connected SUV technology with 40 plus features, that will seamlessly integrate the XUV300 into the always-connected world of today's consumer," M&M Automotive Division CEO Veejay Nakra said. Bookings for the all-new petrol AutoSHIFT are now open and ..

Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra

Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power

Mahindra Lifespaces to raise number of launches, eyes sales of Rs 2,500 cr

The company's stock has risen 95 per cent since beginning of FY21