Page 3 - Mahindra And Mahindra

Mahindra launches Mahindra Marazzo today: Know price, specs, and more

The design of Marazzo, set to go on sale from September 4,is said to be inspired by a shark

After Tata, Mahindra to hike car prices by up to Rs 30,000 from August

Utility vehicle major Mahindra & Mahindra (M&M) today said it plans to increase prices of its passenger vehicles by up to Rs 30,000 from next month in order to offset impact of rising commodity prices. The company plans to increase the prices of its passenger vehicles by up to Rs 30,000, or 2 per cent, and will be effective from August, M&M said in a statement. "With the ongoing increase in commodity prices, we plan to take a price hike of up to 2 per cent in some models," M&M's President Automotive Sector Rajan Wadhera said. The company sells a range of passenger vehicles, including XUV 500, Scorpio, TUV 300 and KUV 100. Earlier this month, Tata Motors had also announced to hike passenger vehicle prices across models by up to 2.2 per cent from August to offset increased input costs.

In the fast lane: Despite speed bumps, M&M bullish on big trucks market

Nearly 5 mn trucks have joined protests since Friday against the introduction of the e-way bill, exorbitant toll collection at plazas and for including diesel in the GST ambit

Mahindra and Mahindra sets aggressive goals for farm equipment business

M&M also plans to significantly increase its play in the domestic market where it is already ahead of its rivals Tafe, Escorts, Sonalika Tractors by a wide margin

Mahindra TUV300 Plus with seating space for 9 people launched: Details here

The TUV300 Plus will be available in 3 options - P4, P6 and P8 - at a starting price of Rs 947k (ex-showroom). The car will be available in five colour variants of white, silver, orange and black

M&M eyeing South Africa, Asean to serve as alternate manufacturing base

Manufacturing companies can no longer be content with merely appointing a local distributor

M&M to acquire up to 10% stake in Canada's IT firm Resson Aerospace Corp

Mahindra and Mahindra (M&M) has signed a share subscription agreement to acquire up to 10 per cent share capital of Canada's IT firm Resson Aerospace Corporation for up to CAD 6.63 million to be paid in cash. "The company has today signed a share subscription agreement for subscribing up to 8,00,402 Class C preferred shares of Resson Aerospace Corporation, Canada, which would result in the company holding up to 10 per cent of the share capital of Resson on a fully diluted basis," M&M said in a regulatory filing. M&M said the cost of acquisition is up to CAD 6.63 million (equivalent to approximately Rs 34.5 crore) to be paid in cash. Resson is focussed on providing technology solutions for agriculture. It has developed a system which captures and interprets images to give farmers information about the state of their fields and crops. It operates primarily in Canada and the US. Resson had a turnover of CAD 1.43 million in the calendar year 2017. M&M said the acquisition .

M&M becomes 2nd most valuable brand in India, reaches Rs 1-trn market cap

M&M, which thrives on the performance of its tractor division, has seen its share price rally 8 per cent in the last two weeks

Mahindra's North American arm to lead M&M drive into world's hardest market

Its tiny off-road SUV, ROXOR, unveiled in Michigan recently, is Slated to go on sale later this month with a sticker price of $15,000

Mahindra & Mahindra's heavy duty trucks to end FY18 with record sales

It plans to deliver 10,000 units by fiscal end, the highest since the company entered the heavy duty segment a decade ago

M&M unveils new variant of sports tourer bike Mojo UT 300 at Rs 149,000

Mojo Xtreme Tourer (XT) 300 is the the other variant in the Mojo portfolio

M&M: Utility vehicle launches key trigger for 10% revenue growth in Q3

Watch out for tractor volumes, demand for electric vehicles

Mahindra tractor sales down 10.88% to 40,262 units in October

Export during the month stood at 1,036 units as against 1,351 units in the year-ago month, down 23.32%

M&M likely to be most impacted due to GST cess hike: Jefferies

Investment banking firm Jefferies on Monday said that automobile major Mahindra and Mahindra (M&M) which has a number of "larger UVs (utility vehicles)" in its portfolio, is likely to be impacted the most by the recent decision of the GST Council to hike the cess on luxury cars and SUVs.

Pressure on utility vehicles to weigh on M&M

10% cess hike will impact auto major most, given its large exposure to the utility vehicles segment

M&M's strategy to regain market share: Phase out Xylo, launch 3 vehicles

M&M's market share dropped down to 27.92% from 29.2% in FY17, continued to lose share in UV segment

Policy triggers add vroom to M&M's future

Agri loan waiver, good monsoon and GST will help it grow at a faster pace

Mahindra discontinues sales of automatic variant of Scorpio

Utility vehicle major Mahindra & Mahindra has discontinued sales of automatic variant of its popular sports utility vehicle Scorpio. The Mumbai-based company has already removed the Mahindra Scorpio AT variant from its official website. When contacted, a Mahindra & Mahindra spokesperson confirmed the development. "The automatic transmission that served the Scorpio well for all this time has come to the end of its cycle," a company spokesperson told PTI. Going forward the company will take a considered call on introducing automatic transmission in Scorpio based on the market's requirements, the spokesperson added. M&M had launched the automatic variant of the new generation Scorpio in 2015 priced between Rs 13.13 lakh and Rs 14.33 lakh (ex-showroom Delhi). The company had launched the new generation Scorpio, which has been built on an all-new platform, in September 2014. According to industry sources, the company is already working on a facelift of the SUV. The ...

Mahindra's R&D expenditure up 26 times in 13 yrs, revenue grows 10 times

The company is investing a lot in research and development

M&M buys Hisarlar in Rs 129 cr deal

Deal to boost M&M's farm eqpt business in Europe; Hisarlar has 45% share in Turkish soil prep market