Mahindra & Mahindra, the second largest Indian automaker, today announced the launch of Treo, a range of electric three-wheelers priced at Rs 1.36 lakh onwards with a range of 170 km per charge. Unlike other affordable electric vehicles such as bikes, the Treo uses the costly lithium ion battery to reduce weight and increase its […]
Mahindra & Mahindra has unveiled its next SUV, the Marazzo, at a price that is considerably below what the market was expecting. While the ‘shark-inspired’ UV was supposed to be priced in the same range as the XUV500, the actual starting price is about 20% below that of the 500. Against Rs 12.6 lakhs for […]
Mahindra & Mahindra’s passenger vehicle sales continued to be impacted by the success of Vitara Brezza and other SUV models from its biggest rival Maruti Suzuki. For the July quarter, total utility vehicle sales at Mahindra & Mahindra fell by 7% compared to a year ago to 17,879, even as sales of cars and vans continued […]
Mahindra & Mahindra, one of the country’s top tractor makers, said it saw a sharp jump of 24% in the number of tractors sold in June this year. Total tractors sold by the company in June in India jumped to 39,277 from 31,660 last year. This was a stronger performance from May, when it had […]
Mahindra & Mahindra reported flat utility vehicle sales in May despite unveiling the new XUV500, indicating that the success of competitors like Maruti Suzuki’s Brezza may be eating into M&M’s market share. Total UV sales remained flat in May at 19,295 units compared to 19,331 last year. In comparison, UV sales had jumped 11% to 20,371 […]
Mahindra & Mahindra launched two high-power tractors under its Novo brand. The 65 horsepower variant with two-wheel drive has a starting price of Rs 9.99, while the 75 HP variant with four-wheel drive costs Rs.12.5 lakh. Currently most of the tractors available in India are in the 30-40 horsepower range. Like most tractors sold in […]
Mahindra & Mahindra Ltd launched the 2018 version of its high-end utility vehicle, the XUV500, with improved interiors and an engine that is about 10% more powerful than the outgoing variant. The XUV500 2018 comes with an mHawk engine that delivers 155 BHP (114 kW) of power, compared to 140 BHP on the outgoing version. […]
Maruti Suzuki India said it has become the No.1 utility vehicle brand in India, overtaking long-time incumbent Mahindra & Mahindra in the financial year ended March 2018. The company said it had a 27.5% market share in the UV/SUV space in the year. Riding on the success of models like Vitara Brezza, Ertiga and S-Cross, […]
Mahindra & Mahindra, India’s largest SUV maker, said it will launch a high-end electric car brand in Europe, with the first model out in 2020. The company will leverage the design talent of Pininfarina, an Italian design car designer it purchased three years ago. The new brand will be called Automobili Pininfarina. “The company will […]
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 […]
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies. The two companies signed five new memoranda of understanding (MoU) that they said will further strengthen their strategic alliance and accelerate the development of key products for consumers […]
After a strong January performance, automaker Mahindra & Mahindra reported more modest growth for February, with total auto sales growing by 19% against 32% in January. Total sales figure was at 51,127, slightly below the 52,048 recorded in January. With this, the company’s total sales in the 11 months of the current financial year are […]
Automaker Mahindra & Mahindra said it will invest Rs 500 cr at its Chakan plant in Maharashtra for product development and capacity enhancement in its electric vehicle operations. The investment is in addition to the Rs 6,500 cr expansion program that is already going on at the plant that also makes non-EV models, India’s biggest […]
Auto major Mahindra & Mahindra Ltd said it would invest up to Rs 176 cr in Bangalore-based car rental firm Zoomcar for a stake of up to 16%. Zoomcar, which calls itself a self-drive mobility platform, has been offering car sharing services from 2013 for as low as Rs 65 per hour. It also started […]
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 […]
India’s auto giant Mahindra & Mahindra said it has agreed to sell control of its Japanese speciality steel business to joint venture partner Sanyo Special Steel co for Rs 146.32 cr. Mahindra & Mahindra will sell 22% of the company, in which it used to own a 51% stake, and reduce its share to 29%. […]
Mahindra & Mahindra reported a 32% jump in its auto sales January 2018 to 52,048 vehicles, boosted by strong sales of commercial vehicles. The Passenger Vehicles segment, which includes SUVs, Cars and Vans, sold 23,686 vehicles in January 2018, as against 20,169 vehicles during January 2017, registering a growth of 17%. In the Medium and […]
As part of its efforts to set up a city-wide network of electric vehicle charging stations, Tata Power announced that it has set up two more electric vehicle charging stations in Mumbai, its first on third-party compounds. The two charging stations have been set up at two of the most popular malls in the city […]
Mahindra & Mahindra said Uber, the taxi company, will deploy ‘hundreds of electric cars’ from the company in Delhi and Hyderabad. The partnership will gradually be expanded to other cities, it said. Mahindra’s electric vehicles on the Uber platform will include the ezoPlus hatch and the eVerito sedan. “As part of this collaboration, both the […]
Mahindra & Mahindra Ltd said it has agreed to license technology and the brand from Belgium-based agricultural equipment maker Dewulf to make potato planting machinery in India. Dewulf is the world’s leading full-liner in potato and root crop machinery and has three manufacturing locations in Europe: Belgium, the Netherlands and Romania. “With the ever increasing […]
