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’s 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 & Mahindra launches “eSupro” electric vans at 8.5 lakhs

Mahindra & Mahindra said it launched its “eSupro” electric vans. There will be two models — cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater primarily to the B2B segment and would be available […]

Mahindra invests in online agri-retail start-up

Mahindra & Mahindra´s agri solutions company Mahindra Univeg Pvt Ltd. said it has invested in Merakisan PVt. Ltd., an agri e-commerce start-up. Mahindra Univeg Pvt Ltd. is a 60:40 joint venture between Mahindra Agri Solutions Ltd. and and Belgium based Univeg (Greenyard Foods). It focuses on developing fresh fruit supply chain in India and imports […]

Mahindra & Mahindra raises Rs 475 cr via debentures

Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years. The face value of the 7.57% debentures are Rs 10,00,000 each. Mahindra & Mahindra is an Indian multinational automobile manufacturing corporation based in Mumbai, Maharashtra. It is one of the […]

M&M seen holding SUV, tractor market share despite rising competition- CRISIL

Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said. “Cost-efficient operations, development skills, broad product portfolio, and increased production capacity will enable the company to maintain its leading market position in the tractor, UV, and LCV […]

Mahindra Finance gets Mutual Fund license, to focus on rural markets

Mahindra Finance said it has received a license to operate Mutual Funds via its subsidiary Mahindra Asset Management Company. Mahindra Finance is currently engaged in vehicle financing, and is part of the Mahindra Group. It plans to tap into its existing network of dealers and customers to sell its mutual fund products. “Our customer base […]

Delhi High Court pollution order to affect some models – Mahindra & Mahindra

India’s biggest sports utility vehicle maker said the Delhi High Court’s order banning the sale of diesel vehicles with engine sizes over 2 liter could hit its sales by about 2%. “Honourable Court’s order today affects the sales of some of the Company’s products in NCR. The vehicles affected represent about 2% of the Company’s […]

Mahindra & Mahindra introduces new Thar at price of Rs 8 lakh

Mahindra & Mahindra Ltd, India ’s leading SUV manufacturer, unveiled the New Thar offroader. “The New Thar CRDe comes with enhanced exteriors, and all new interiors with added comfort & convenience features, all of which take the legendary off-roader to the next level,” Mahindra and Mahindra said. Targeted at the off-roading enthusiasts and people wanting […]