Mahindras

  • Mahindra recalls 23,000 units of Scorpio Ex variant July 9, 2014

    New Delhi: Homegrown auto major Mahindra & Mahindra is recalling around 23,000 units of a select variant of its popular sports utility vehicle Scorpio to rectify faulty pressure regulating valves. The company said it would carry out preventive inspection of some parts of its Scorpio Ex variant manufactured between May 2012...
  • '51 pc FDI in defence will be a game changer for India' June 26, 2014

    New Delhi: Raising foreign direct investment cap to at least 51 per cent in the defence sector will help India become a major manufacturing and export hub, reducing dependency on imported equipment. "India can be a game-changer only by allowing at least 51 per cent FDI in the sector. With...
  • Date of verdict in Satyam case to be announced on July 28 June 26, 2014

    Hyderabad: A special court will announce on July 28 the date of verdict in the case relating to multi-crore accounting fraud in erstwhile Satyam Computer Services Limited. The special court, which was to pronounce the date on Thursday, deferred it by over a month. Special Judge B.V.L.N. Chakravarthi of 21st additional chief...
  • RAW wants background check of telcos setting up ILD facility May 26, 2014

    New Delhi: Security agency Research and Analysis Wing has asked the Department of Telecom to make background verification of telecom companies mandatory even before granting them provisional permission for starting international long distance communication services. "R&AW has requested that security clearances from the national security agencies viz, R&AW and IB for...
  • Overdrive: Comparison of Santa Fe, Rexton and CR-V March 30, 2014

    In this episode of Overdrive, get all the information on Hyundai Santa Fe, Mahindra Ssangyong Rexton and Honda CR-V. ...
  • Indian companies generated 81,000 jobs in US in 2013: survey March 28, 2014

    Washington: Indian companies through its massive $ 17-billion investment in the US have collectively generated employment opportunities for more than 81,000 people in the country, according to a survey. The annual CII survey of 68 Indian companies in 40 American states for 2013, made public on Thursday at an event...
  • Honda, Tata, Mahindra looking to hike car prices next month March 25, 2014

    New Delhi: Mahindra & Mahindra, Honda Cars India and Tata Motors are looking to increase prices of their models from next month, mainly to offset higher input and operational costs. "We are actively contemplating increasing the prices of our vehicles in April due to increase in input and operational costs,"...
  • Indian kabaddi takes a big leap with first professional league March 16, 2014

    Mumbai: India's first professional kabaddi league, in which some well-known entrepreneurs have evinced interest as team owners, was on Friday launched with much fanfare at NSCI Sardar Vallabhai Patel Stadium in Worli. The league, Pro Kabaddi, is a joint initiative of industrialist Anand Mahindra and sports commentator Charu Sharma through...
  • Mahindra Reva slashes e2o price by up to Rs 1.7 lakh February 18, 2014

    New Delhi: Mahindra Reva Electric Vehicles, a part of the Mahindra Group, slashed the price of its electric car e2o by up to Rs 1.7 lakh by introducing a scheme under which a consumer pays a rental fee for the battery. "What we are doing with the scheme is bringing...
  • Lok Sabha polls: Companies set up 10 electoral trusts February 11, 2014

    With the Lok Sabha polls drawing near, the count of electoral trusts set up by companies to channelise their political funding is on the rise and at least 10 such entities have been registered, including those by Reliance, Tatas, Mahindras and Birlas. The trusts are being set up under a new...
  • Auto Expo 2014: Mahindra XUV 500 hybrid showcased February 10, 2014

    Mahindra had showcased their intentions of moving onto alternative fuel technologies with the e2o and electric Verito at the Auto Expo 2012. The Indian manufacturer's latest offering now is the XUV500 hybrid. With this, the company has ventured into mass production of SUVs based on its hybrid electric technology systems. The XUV500...
  • Mahindra unveils Halo electric sports concept car February 6, 2014

    Greater Noida: Auto major Mahindra unveiled an electric sports concept car, named Halo, alongwith the much awaited Mojo motorcycle at the 12th Auto Expo here, a few hours before the fair was officially inaugurated. The two-door, two-seater was unveiled by Mahindra REVA - the electric mobility division of the company and...
  • Auto Expo 2014 Mahindra Reva lineup: Verito electric, upgraded e2O, XUV500 electric and Formula E car February 1, 2014

    Mahindra Reva will be unveiling some exciting electric models which should grab the attention of environmentalist and the carbon conscious customers at the Auto Expo 2014. Mahindra's portfolio at the expo will include showcase of Formula E racing car, unveiling of the improved e20, Verito electric sedan and the Maxximo electric...
  • Mahindra launches the Centuro N1 at Rs 46,574 January 24, 2014

    Mumbai: Mahindra Two-Wheelers has launched the Centuro N1 in India at Rs 46,574 ex-showroom, Maharashtra. The new Mahindra Centuro N1 boasts all the features from the original Centuro with the exception of new graphics and analog meters instead of digital. It is priced at Rs 46,574 ex-Maharashtra and is approximately Rs...
  • AAP a talking point at the World Economic Forum in Davos January 23, 2014

    Davos: The Aam Aadmi Party is a talking point even at the World Economic Forum in Davos. Talking to CNBC-TV18's Menaka Doshi, Vice Chairman of Kotak Mahindra Bank Uday Kotak said that movements like the AAP make existing players uncomfortable. "Whenever a movement happens, it gets people very uncomfortable. There...
  • Indian of the Year 2013: Nominees in Business category December 10, 2013

    Like every year, CNN-IBN will honour the ones who have made a difference to the society in their field of expertise in the year 2013. The nominations for Indian of the Year Awards 2013 in the business category are Adiya Ghosh, Rahul Bhatia, Anand Mahindra, N Chandrasekaran, Nitin Paranjpe, Pawan...
  • Youngsters who will drive India forward losing patience: Mukesh Ambani November 13, 2013

    Mumbai: Reliance Industries Ltd Chairperson Mukesh Ambani has warned that India's youngsters who have to drive the nation forward are losing patience. "The aspirations of the youngsters is phenomenal today and the youth is India's strength," he said in Mumbai on Tuesday. He went on to say, "The youth today is...
  • Tech Mahindra shares surge to 6 year high on earnings November 8, 2013

    Mumbai: Tech Mahindra shares rose more than 5 per cent on Friday to its highest since May 2007 after the company's July-September earnings beat some analysts' estimates. Tech Mahindra on Thursday posted July-September consolidated net profit of Rs 718 crore slightly higher than consensus forecasts of Rs 71 crore. Tech Mahindra shares...
  • Mahindra XUV500 W4 variant launched in India at Rs 10.83 lakh November 7, 2013

    Mahindra has launched a new base variant of the XUV500 - the W4. It is priced at Rs 10.83 lakh ex-Mumbai. Visually, the XUV500 W4 looks the same as the other variants - W6, W8 and W8 AWD - and even retains the projector headlamps laced with LEDs. Inside, the...
  • Rs 11 lakh looted from private financial company October 31, 2013

    Unknown gunmen on Thursday looted Rs 11 lakh from the branch office of a private finance company in Nawada police station area in Bihar's Bhojpur district, a police officer said. "About six armed men barged into the branch office of Mahindra Finance Company at KG Road and looted Rs eight lakh...
  • Mahindra to hike prices by up to Rs 20,000 from October September 28, 2013

    New Delhi: Auto major Mahindra & Mahindra today said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar. "The company would...
  • ICICI Bank raises base rate by 0.25 per cent to 10% August 22, 2013

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • Maruti gains market share as passenger vehicle demand declines August 12, 2013

    Amid declining demand, the country's largest car-maker, Maruti Suzuki India (MSI) has enhanced its market share in the April-July period this fiscal to over 40 per cent in the passenger vehicle segment. While rival Hyundai Motor India Ltd (HMIL) managed to increase market share to 15.25 per cent, homegrown majors Mahindra...
  • Tech Mahindra Q1 net profit up 27 pc at Rs 686.3 crore August 12, 2013

    Software major Tech Mahindra on Monday reported 27 per cent jump in consolidated net profit at Rs 686.3 crore for the quarter ended June 30, 2013, on the back of growth across verticals like manufacturing and media ~~amp; entertainment. The company's net profit stood at Rs 540.5 crore in the same...
  • Mahindra Quanto prices slashed by Rs 44,000 July 20, 2013

    Mahindra has announced that it will be offering a discount on its compact SUV, the Quanto. As the SUV segment is reeling under the pressure mounted by Ford's new aggressively priced SUV, the Ford EcoSport, Mahindra has decided to offer the Quanto at a discount of Rs 44,000. This discount, while...
  • Job security pinches automobile industry as Maruti, M&M lay-off staff July 16, 2013

    New Delhi: The other big fallout of the economic crisis is the fear of job loss - the Automobile industry is already feeling the pinch. India's largest car maker Maruti and Mahindra and Mahindra have laid-off contractual workers with sales down and inventory piling up. On July 9, Maruti sent...