Mahindra Mahindra

MUMBAI: Ford India aims to hit a sweet spot by aggressively pricing its compact sports utility vehicle EcoSport . The vehicle is priced at Rs 5.59 lakh onwards New Delhi. The diesel variant has been launched at a staring price of Rs 6.69 lakh. The compact SUV will take on Mahindra & Mahindra's Quanto, Maruti Suzuki's Ertiga, Renault Duster and it will also try to wean away premium hatchback Hyundai i20 and prospective compact sedan customers of Maruti Suzuki...

NEW DELHI: Auto-maker Mahindra & Mahindra today reported 7.81 per cent decrease in its total sales at 38,092 units in June, 2013. The company had sold 41,322 units in the same month in 2012, Mahindra & Mahindra (M&M;) said in a statement. In June this year, M&M;'s domestic sales stood at 36,207 units as against 38,951 units in the same month last year, down 7.04 per cent. Total sales of passenger vehicles, including Scorpio , XUV500 , Xylo , Bolero and Verito , stood...

NEW DELHI: Making ripples in a slowing market with its aggressive pricing, Ford India on Wednesday launched its much-awaited compact sports utility vehicle - EcoSport at a starting price of Rs 5.59 lakh (ex-showroom Delhi) in a segment currently dominated by Mahindra & Mahindra, Renault and Maruti Suzuki. Its direct competitor, Renault Duster currently retails at Rs 7.99 lakh onwards. For Ford India, the wholly-owned local subsidiary of the American carmaker which has seen...

AHMEDABAD: Auto major Mahindra & Mahindra today unveiled- Bolero Maxi Truck Plus-a new variant in the small commercial pick-up category, with a view to tap the need of urban goods transportation. The company enjoying dominant position in pick-up category sold 1,02,885 units (small and large pick-ups, excluding Maximo, in FY2012-13. The market size for small and large pick-ups in India in FY2012-13 grew by 73 per cent at 1.90...

MUMBAI: Utility vehicles leader Mahindra and Mahindra today announced a nominal 0.5 per cent price hike across all models, expect for the premium sports utility vehicles XUV 500 and the Rexton from its Korean arm, despite falling sales, which dipped nearly 8 per cent in June. The company monthly sales for June fell to 38,092 units in June from 41,322 units a gear ago, a fall of 7.8 per cent, the company said. Announcing the 0.5 percentage point price hike across all...

MUMBAI: Some time in November last year, Anand Mahindra, the chairman and managing director of the Mahindra & Mahindra Group, packed his bags for a long flight to Spain. Holiday was perhaps the last thing on his mind as he prepared for a crucial meeting with the largest investor of CIE, the Spanish global auto component group. Francisco Riberas, president and CEO of Gestamp, which has a controlling stake in CIE, was keen to invest in India but the deal...

NEW DELHI: Auto major Mahindra & Mahindra will introduce a lower variant of its sports utility vehicle XUV 500 by the end of this fiscal in a bid to rev up sales in a sluggish market. "We constantly keep on getting customer feedback and taking that into account, we plan to launch a lower variant of XUV 500 by the end of the current fiscal," Mahindra & Mahindra Chief Executive Automotive Division Pravin Shah told PTI. Mahindra had launched the XUV 500 in 2011. It...

NEW DELHI: Mahindra & Mahindra Ltd today said its tractor sales rose 24.24 per cent to 23,626 units in May 2013, as compared to 19,016 units in the same period of previous year. The company's domestic sales of tractors grew 24.70 per cent, standing at 22,471 units during May 2013, as compared to 18,019 units in corresponding period previous year. Commenting on the monthly performance, Mahindra & Mahindra Ltd Chief Executive, Tractor and Farm Mechanisation, Rajesh...

LUCKNOW: Mahindra & Mahindra (M&M;) today announced the launch of its multi-purpose diesel van -- Maxximo Mini Van VX. Maxximo Mini Van VX -- the latest offering on the technologically superior Maxximo platform, comes with the first sliding door equipped with best-in-class comfort and safety features and powered by the advanced C2 CRDe fuel-efficient diesel engine, the company said. The diesel van is priced at Rs 3.68 lakh (wx-Showroom Lucknow), Pravin Shah , Chief...

MUMBAI: Auto major Mahindra & Mahindra today rolled out a new variant of its pick-up vehicle, Bolero Maxi Truck Plus, which has been priced at Rs 4.33 lakh (ex-showroom Mumbai) to further consolidate its dominant position in the segment and tap the increasing needs of the urban goods transportation. "The Bolero Maxi Truck Plus has been developed on Mahindra's rugged Bolero Pick-up platform and is conceptualised to cater to the needs of urban goods...

MUMBAI: Automobiles-to-information technology conglomerate Mahindra & Mahindra is hiring managers from overseas as it seeks to master complex technologies in a diverse array of industries, ranging from two-wheelers to aerospace. At the same time, the growing globalisation of the group has opened up new vistas for executives from India who are increasingly being sent overseas to markets such as the US and China. Alberto Strazzary, a veteran...

NEW DELHI: Mahindra & Mahindra Group today announced a contribution of Rs 1 crore to the Uttarakhand Chief Minister's Relief Fund to provide relief to flood affected victims in the state. "We are shocked and grieved to learn of the unprecedented calamity and havoc created in Uttarakhand in the wake of the recent flash floods," Mahindra Group Chairman Anand Mahindra said in a statement. He added that the unprecedented human tragedy in the state...

In a chat with ET Now, AshwaniGujral , Fund Manager , ashwanigujral.com, shares his views on Mahindra & Mahindra Ltd. ET Now: What is your call on Mahindra & Mahindra Ltd? Ashwani Gujral: Mahindra & Mahindra Ltd is a 'BUY' call with a target of Rs 1,020 and a stop loss of Rs 975.

MUMBAI: Auto majors Mahindra & Mahindra and Maruti Suzuki were among the top gainers on the Sensex as investors continued to buy the stocks after they formed Positive Island Reversal pattern. A K Prabhakar, Senior Vice President - Equity Research, Anand Rathi, is of the view that the pattern is an indicator of bullish trend and the duo are likely to continue with their upward momentum in the near to medium term. Following are his stock views on M&M...;

MUMBAI: Brokerages have maintained a 'buy' recommendation on auto major Mahindra & Mahindra after its automotive component arm Mahindra Systech picked up a 13.5 per cent stake in European auto components major CIE Automotive for around euro 96.24 million (Rs 740 crore) through its subsidiaries. They are likely to revise their recommendation or target price after the conference call today. This deal, announced on Saturday, would make Mahindra the...

MUMBAI: Mahindra & Mahindra, a conglomerate that grew multi-fold in the last decade through 35 acquisitions, on Saturday did the opposite. It ceded control of its component business, Mahindra Systech, which was built from scratch earlier this decade, to CIE Automotive SA, a Spanish auto-components major. The deal will create an auto-component business with combined annual sales of $3 billion (Rs 17,100 crore) wherein M&M; would get a minority stake of 13.5% in ...

NEW DELHI: About three dozens entities, including Aditya Birla Group , Tata Capital , Religare , Reliance Capital , are applying for bank licences, the deadline for which expires tomorrow. Entities which have taken board approval for applying to for bank licence from the Reserve Bank include country's oldest financial institution IFCI , IDFC , India Infoline , Videocon Industries , SREI Infrastructure...

India's largest utility vehicle manufacturer, Mahindra & Mahindra (M&M;), is likely to announce a mega global alliance on Saturday with a Spanish auto component company, two sources familiar with the development told ET NOW. Discussions between M&M; and the Spanish company have been going on for over two years. "It's a complex deal which has been structured in two phases. The first phase will involve M&M; selling a majority stake in three group companies, out...

MUMBAI: Farm equipment-to-aerospace conglomerate Mahindra & Mahindra (M&M;) today announced a multi-structured deal under which it will pick up 13.5 per cent stake in Spain's auto component maker CIE Automotive for 96.24 million euros (nearly Rs 740 crore). In turn, M&M; will sell stakes in its three group firms for Rs 673.68 crore to Participaciones Internacionales Autometal Dos, SL, CIE Automotive SA and Autometal, SA. In a filing to the...