Mahindra Defence, BEL ink MoU for long-term partnership

Mahindra Defence Systems said it has entered into a long-term partnership with Government of India-controlled defence electronics manufacturer Bharat Electronics Ltd “to jointly address emerging opportunities in the domestic market”. The two will address opportunities created by policy initiatives of the Government of India, like ‘Make in India’ and the ‘Export Promotion Policy’ of the […]

Mahindra chosen as Indian partner for Japan’s ShinMaywa US-2 aircraft

Mahindra Defence, part of the Mahindra Group, has been selected as the local partner for Japanese aircraft maker ShinMaywa’s manufacturing and related operations for its US-2 seaplane in India. The amphibious aircraft can be used for both civilian and military purposes and the Indian Navy is expected to be among the customers for the same […]

Yes Bank lends Rs 750 cr to Mahindra Group for Rewa solar plant

Yes Bank said it will lend Rs 750 cr to Mahindra Renewables Pvt. Ltd., part of the Mahindra Group, for constructing a 250 megawatt solar farm in the solar park at Rewa in Madhya Pradesh. The project has raised another Rs 200 cr from other financial institutions and achieved financial closure, the bank added. The […]

Mahindra Lifespaces launches flats in Palghar for Rs 8 lakh

Mahindra Lifespaces announced the launch of its a new affordable housing project in the Mumbai suburb of Palghar with one-room-kitchen flats starting at just Rs 8 lakhs. The project, under Mahindra Lifespace’s Happinest brand, also offers 1 Bedroom-Hall-Kitchen and 2 BHK flats “amidst lush, green surroundings” costing up to Rs 24 lakhs. The flats are […]

Mahindra opens spare parts warehouse in Mahindra World City, Jaipur

Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur. “It is one of the largest warehouses in the country and the company‚Äôs first in northern India, it will cater to the requirement of Mahindra customers in north and north western region of the country for both automotive and […]

Mahindra launches automatic transmission variant of new generation Scorpio

Mahindra & Mahindra Ltd today launched the Automatic variant of its new Scorpio. Available on the top-end S10 variant of the New Generation Scorpio, the Automatic offering is attractively priced at Rs.13.13 lacs (ex-showroom Delhi, 2WD), the company said. “The only SUV in its class to offer 6-speed automatic transmission with 4WD as an option, […]