Search Result for : Mahindra Mahindra Limited Mm

The Dollar Business Bureau  Mahindra & Mahindra, jointly with its South Korean subsidiary SsangYong Motor, has announced its plans to develop a production platform for an electric Sport Utility Vehicle (SUV) by 2020.  Lack of public charging infrastructure in both India and South Korea is one of the many bottlenecks in the mass-adoption of electric cars, which is inevitably going to be the future of automotive companies. The move towards clean-fuel vehicles is slow but palpable across the global auto industry. Government subsidies for clean-fuel technologies has also incentivised growth in the electric vehicle segment.  In Mumbai, CEO of SsangYong, Choi Johng-sik, announced that it was diligently working with it's Indian parent company to roll out a new generation of electric cars.  In India, e2o and eVerito (sedan) are two of the electric vehicles manufactured by Mahindra & Mahindra. ...

The Dollar Business Bureau India, one of the world's largest defence importers, and Israel, globally known as a top exporter of military prowess, have signed a historic defence trade deal of $2 billion. Under the said deal, Israel will provide India with advanced surface to air missile (SAM) systems. These defence systems are used to target enemy aircraft, drones and missiles within a 50 km - 70 km range. The mega defence deal is a big step towards expanding bilateral defence cooperation between the two countries ahead of PM Modi's visit to Tel Aviv in July, 2017. This will also give a fillip to the total trade between India and Israel which stood at $4.9 billion as of 2015-16, registering negative growth every year since 2011-12, when it was at a high of $6.7 billion. Under the agreement, Israel has agreed ...

The Dollar Business Bureau Mahindra group’s Chairman Anand Mahindra told the press that the Mahindra group is envisaging a revolutionary future for commercial vehicles with the development of driverless tractors. Replying to a query regarding survival of conventional auto manufacturers in a transforming ecosystem, he said that mobility of the future is centred around three important sections: role of renewable energy-powered vehicles, autonomous vehicles and shared mobility. He laid stress on Mahindra’s ambitious plans to be geared up for the future. Speaking at the company’s AGM in Mumbai he said, "Everyone in the world is speculating whether conventional mobility companies will survive in a transformed environment. I am not an astrologer and cannot provide guarantees on that score, but I did want ...

The Dollar Business Bureau Mahindra & Mahindra Ltd (M&M) has registered 7% decline in tractor sales in July 2016. The Farm Equipment Sector of the $17.8-billion Mahindra Group sold 1,101 tractors during July 2016, against 1,187 tractors in the same month last year. Within the country, the company has reported 15% growth in tractor sales at 16,452 units in July this year, as against 14,273 units during the corresponding month last year. The overall tractor sales including domestic sales and exports rose 14% at 17,553 units in July 2016, when compared to 15,460 units in the same month previous year. With normal rainfall and improved spread across India in July, Kharif sowing has been more than last year, said Rajesh Jejurikar, President and Chief ...

The Dollar Business Bureau Mahindra and Mahindra Ltd (M&M) has exported 4020 vehicles in June 2016 registering a healthy growth of 41% against the auto exports of 2852 units in the same month last year. The company has seen 25% growth in exports at 10569 units in the first quarter of this financial year when compared to 8449 vehicles exported during the corresponding period previous fiscal. The SUV manufacturer has sold 39011 vehicles in June 2016 against 36134 units in the same month previous year, representing 8% growth in overall sales including exports. During the first quarter of this fiscal, the company’s total sales rose 11% at 121530 units when compared to 109567 units sold in the corresponding period last financial year. Pravin ...

The Dollar Business Bureau Mahindra Two Wheelers, a part of Mahindra & Mahindra Ltd, on Wednesday launched the all-new Mahindra Gusto scooter in 125cc variation in 8 more states, priced between Rs.48,410 and Rs.55,110 respectively (ex-showroom). The company had earlier launched the Gusto 125 model in southern states including Kerala, Karnataka, and Tamil Nadu. Now, it will be available across dealers in 8 northern states of Delhi, Gujarat, Goa, Maharashtra, Uttar Pradesh, Chandigarh, Punjab and Rajasthan before being rolled out all across the country, Mahindra Two Wheelers said in a statement. Vinod Sahay, Chief Operating Officer, Mahindra Two Wheelers said, “Since its launch last year, Gusto has grown consistently and we are now excited about extending the Gusto brand to include new consumer ...

The Dollar Business Bureau Mahindra & Mahindra Ltd announced that its exports increased 21% at 4,043 units during May 2016, when compared to 3,337 units in the same month last year. The company’s total sales, including the exports, surged up 11% at 40,656 units in May 2016 against 36,706 units in the same month previous year. The domestic sales of the leading SUV manufacturer of the country rose 10% at 36,613 units during last month, as against 33,369 units in the corresponding month previous year. The sales of passenger vehicles segment that includes UVs, cars and vans have grown 8% at 19,635 units in May 2016 against 18,135 units in May 2015. The sales of medium and heavy commercial vehicles (MHCVs) have ...

The Dollar Business Bureau Mahindra & Mahindra (M&M), the world’s largest tractors manufacturer became the first Indian company to join the EP100 campaign. This is a campaign led by The Climate Group, an international non-profit group, that will work together with one of the world’s most powerful and influential business companies with the aim to double energy productivity and maximize economic output. Prominent figures present during the momentous signing include François Hollande - French President, Ban Ki-moon – UN Secretary of General, Leonardo DiCaprio – Messenger of Peace, and Mogens Lykketoft - President of UNGA. The aim of the EP100 campaign is to encourage companies to use the energy efficiently, as it is estimated that by following this campaign, the world can ...