Mahindra Mahindra

  • CCI imposes Rs 2,545 crore penalty on 14 car makers August 25, 2014

    New Delhi: In the first major order against auto players, the Competition Commission on Monday slapped a penalty of Rs 2,545 crore on 14 car makers, including Maruti Suzuki and Tata Motors, for violating trade norms in the spare parts and after services market. Honda Siel Cars India, Volkswagen India, Fiat...
  • Overdrive: The controversial SUV tax May 4, 2013

    Mahindra & Mahindra tries to redefine its product portfolio to beat the SUV classification. ...
  • M&M to launch Verito Vibe next month to take on Honda's Amaze April 13, 2013

    New Delhi: Mahindra & Mahindra will launch its sub-four metre sedan Verito Vibe next month to take on the likes of Maruti Suzuki's Dzire and Honda's newly introduced model Amaze. "The Verito Vibe marks our entry in the high volume sub 4 metre segment," Mahindra &...
  • Will electric vehicles finally take off in India? March 18, 2013

    Over the past five years, the clamour about electric vehicles (EVs) becoming a feasible transport option has become loud. "It has all come together", is the refrain. "It" means four things: The battery has evolved to a point where it is cheap and reliable; governments recognise the need to move...
  • Angel Broking picks four companies for new bank license February 25, 2013

    The Reserve Bank of India (RBI) released the final guidelines for issuing new bank licences on Friday. Rajen Shah, Chief Investment Officer, Angel Broking believes Aditya Birla Nuvo, Bajaj Financial Services, Cholamandalam Investment and Finance Company and Mahindra & Mahindra Financial Services will be strong candidates for a banking...
  • M&M defence JV with Israeli firm rejected December 26, 2012

    New Delhi: India has rejected a proposal by autos-to-software conglomerate Mahindra & Mahindra to set up a joint venture with Israel's Rafael Advanced Defense Systems Ltd, a government statement said on December 26. According to media reports, the companies were to invest about 1 billion rupees to develop and manufacture naval...
  • Southeast Asia looks to India amid tensions with China December 19, 2012

    New Delhi: The dozens of vehicles that roared into northeast India this week on a rally from Indonesia symbolize deeper ties between the South Asian giant and Southeast Asia, but the dreadful roads along several parts of the 8,000 km journey also show how much remains to be done. The caravan...
  • Mahindra to produce 2,500 units of Quanto in October September 21, 2012

    New Delhi: Auto major Mahindra & Mahindra said it is expecting to produce 2,500 units of its latest compact sports utility vehicle Quanto in October. "For October, our production plan is 2,500 units of Quanto. After selling these vehicles, we hope to get more demand for the vehicle," Mahindra & Mahindra...
  • Mahindra Quanto launched in India at Rs 5.82 lakh September 21, 2012

    Mumbai: Mahindra and Mahindra have launched their mini-Xylo, the Quanto in India. The company has priced it at Rs 5.82 lakh for the C2 trim, Rs 6.35 lakh for the C4, Rs 6.86 lakh for C6 and Rs 7.36 lakh for the top-end C8, ex-Thane. Powered by a new 1493cc...
  • Mahindra Quanto launched at Rs 5.82 lakh onwards September 20, 2012

    New Delhi: Mahindra & Mahindra Ltd unveiled the much-awaited Quanto SUV. The Quanto will be available nationally at Mahindra dealerships, with four distinct and attractive variants – C2, C4, C6 & C8. The Quanto price range starts from Rs 5.82 lac (ex-showroom Thane) for the base C2 model, to Rs...
  • Maruti's Aug sales skid, Hyundai, Tata see growth September 1, 2012

    New Delhi: Domestic car sales of Maruti Suzuki India declined by 35 per cent in August, hit by a month-long lockout at its Manesar plant, but the other two main players, Hyundai and Tata Motors posted positive growth during the month amid tough market conditions. Other manufacturers, Mahindra & Mahindra, Toyota...
  • SLPL ropes in Mahindra as title sponsor August 8, 2012

    Mumbai: The inaugural edition of the Sri Lanka Premier League, which saw Indian business houses buying out all the seven franchises on offer, on Wednesday announced it has roped in auto major Mahindra & Mahindra as the title sponsor. "We as Mahindra Group have accepted the offer to be the title...
  • Mumbai: Car salesman takes customer for a ride August 6, 2012

    Mumbai: A sales executive working with NBS International Limited, a subsidiary of Mahindra and Mahindra Ltd, cheated a customer to the tune of Rs 9 lakh, after luring him with the prospects of immediate delivery of a Mahindra XUV 500 Sport Utility vehicle. On Sunday, the DB Marg police arrested...
  • Mahindra & Mahindra's American speed bump June 27, 2012

    On January 1, 1959, the government of Fulgencio Batista fell and Fidel Castro seized power in Cuba. Rumours started doing the rounds that all children would be taken against their parents’ wishes and sent to military schools or to Soviet labour camps. America’s Central Intelligence Agency launched Operation Pedro Pan....
  • Mahindra faces lawsuit by auto dealers in US June 6, 2012

    Atlanta: A group of automobile dealers in the US has filed a lawsuit against Mahindra & Mahindra, accusing it of fraud, misrepresentation and conspiracy, which the Indian firm has denied. According to Michael Diaz, managing partner of Diaz Reus & Targ, the lawfirm that is representing various dealers, the lawsuit alleges...
  • M&M Q4 net up 44 pc, beats forecast May 30, 2012

    Mumbai: Mahindra & Mahindra Ltd, India's biggest utility vehicles maker, reported a forecast-beating 44 percent jump in quarterly profit, helped by an exceptional gain and strong volume growth in the face of rising input costs. Mahindra, which controls over 40 percent of India's tractor market, the world's largest, said slowing economic...
  • Merged Tech Mahindra, Satyam may hire 10,000 April 10, 2012

    Bangalore: The combined entity resulting from the merger of Tech Mahindra Ltd and Satyam Computer Services Ltd may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, CEO of Tech Mahindra. "We are trying to secure more efficiencies internally, we'll see how it works out,...
  • Roadtest: 2012 Mahindra Xylo E9 March 16, 2012

    Remember that guy you met at a party who had really, really bad teeth. The first time you met him you thought to yourself, "Oh my good God!" Then you kept seeing him at all the other parties and you got over his really bad teeth. Then after you met...
  • Budget: Need a clear road map for GST, says M&M President March 12, 2012

    Mahindra & Mahindra President Pawan Goenka believes that the Good and Service Tax (GST) is the biggest growth driver. ...
  • Mahindra closes bookings for XUV500 February 7, 2012

    New Delhi: Auto major Mahindra & Mahindra said it has closed the second phase of booking for its latest sports utility vehicle XUV500 and has received over 25,000 orders in a period of 10 days. The company will conduct a draw of the orders to deliver...
  • Mahindra & Mahindra brings SsangYong to India January 5, 2012

    Mahindra & Mahindra Ltd was present in full strength at the Delhi Auto Expo 2012. They had four products from the SsangYong stable, showcased in India for the first time. And also Mahindra Navistar Automotives Limited (MNAL) also had a new customized truck application on display. From the SsangYong stable, Mahindra...
  • Car prices: Dec discounts give way to Jan hikes January 1, 2012

    New Delhi: Passenger car makers offered huge discounts in December, as much as Rs 60,000-70,000, to attract buyers, in what has been a year full of speed breakers for the industry. But if you haven't bought your car yet, get ready for price hikes from January. Many car makers out there,...
  • Bookings for XUV500 to re-open in January 2012 December 3, 2011

    Within 10 days of its launch and with over 8000 bookings received for its new SUV, the XUV500, Mahindra were forced to close down new bookings. Mahindra and Mahindra officials say that 4 months production of the XUV500 has been already sold out; however, the good news for those...
  • Mahindra and Mahindra unveils new Moto3 bike November 30, 2011

    “Ladies and gentlemen, watch out. The Indians are coming.” With these words, Anand Mahindra whipped the veil off the latest Moto3 bike to break cover. The Mahindra, using an anachronistic steel-tube frame for ease of development, is the third full Moto3 bike to be formally unveiled. Mr Mahindra, managing director...
  • Mahindra & Mahindra launches the XUV500 SUV February 18, 2012

    Pune: Indian auto major Mahindra & Mahindra launched its global sports utility vehicle, XUV500, at an introductory price between Rs 10.8 lakh and Rs 11.95 lakh (ex-showroom, Delhi). The vehicle, which was designed and developed by the company's Chennai-based research team, will be launched in South Africa on September 30....
  • I don't socialise without my family: Pawan Goenka August 5, 2011

    Pawan Goenka, 56 Profile: President, automotive sector, Mahindra & Mahindra Experience: A former General Motors executive Key Challenge: Building in-house research and development capability, taking the company's products to global markets Strategy: Giving direction to existing businesses and identifying new avenues of growth In my current role, I am not responsible for the day-to-day operations...
  • Mahindra renames Logan as Verito November 29, 2011

    New Delhi: Just over a year after breaking up its joint venture with Renault, Mahindra & Mahindra said it has renamed the Logan sedan as Verito, thus completely dropping the French automaker's badge from the entry level sedan. "We are delighted to announce that the Logan will now be called...
  • Mahindra hikes vehicles prices by up to Rs 15k April 8, 2011

    New Delhi: Auto major Mahindra & Mahindra on Friday said it has raised prices of its entire range of vehicles by up to Rs 15,000 from last week. "We have hiked prices last week by 1.5 to 2 per cent on all our vehicles due to higher commodity costs," Mahindra and...
  • M&M Finance raises Rs 426 cr via QIP February 23, 2011

    Mahindra & Mahindra Financial Services said on Tuesday it has raised Rs 426 crore through a qualified institutional placement of 6.1 million shares at Rs 695 each. The firm, which received bids of more than Rs 1,575 crore, said the issue was oversubscribed four times with strong participation from international institutional...