Mahindra and Mahindra and Tech Mahindra to jointly acquire Italian car design company Pininfarina. Both the companies will first form a special purpose vehicle (SPV) and together will acquire 76.06 percent stake in the company.
The company's tractor sales grew 47 percent to 20,819 units in November 2015 as against 14,207 units during November 2014.
“All our strong brands like XUV 500, Scorpio continues to perform much better at the market place and that is what is reflected in retail number on a single day sale of 11,500 numbers,†says Pravin Shah, Pres & Chief Exec-Automotive.
Nishant Arya, Executive Director, JBM Group talks about the company‘s second quarter performance and the future outlook.
HDFC Bank's Sukhthankar says the cyclical factors for creation of non-performing loans may have played out, but some borrower-specific issues still remain. On the entry of small banks and payment banks, Sukhthankar says the market is large enough to accomodate additional players.
Over the last five years the Mumbai-based conglomerate Mahindra & Mahindra has been quietly putting in place a strategy to expand its agriculture business. Executive Director of the company Pawan Goenka, explains M&M's agriculture strategy and the growth potential for the sector.
SP Shukla of Mahindra & Mahindra told CNBC-TV18 that the company is looking to expand its business in aerospace and defence through acquisitions.
Speaking to CNBC-TV18, VS Parthasarathy, Group CFO, M&M says Moody's 'Baa3' rating signifies the company's leadership position.
Pravin Shah, President and CEO, Automotive, M&M is positive that with rate cut and new launches, demand will rise in the festive season.
Mahindra and Mahindra Group CFO and CIO VS Parthasarathy says India is on the right track on ease of doing business and says things are slowly improving.
The company, after a gap of 12 months, launched its compact mini SUV TUV300 on Thursday.
Pawan Goenka, Executive Director, Mahindra and Mahindra (M&M) talks about the company's growth outlook and says with diesel being unduly highlighted, M&M is planning to introduce petrol option for all its cars in the next 5 years.
Mahindra and Mahindra reported stronger-than-expected numbers for the quarter. Pawan Goenka, executive director, M&M, spoke about the company's performance in the first quarter.
In an interview to CNBC-TV18, M&M's Pawan Goenka says the new vehicle has been inspired by the strength of a battle tank as it is on the toughest product.
Jeeto has been launched in eight variants priced between Rs 2.32 to 2.7 lakh..
Mahindra & Mahindra today reported a 12.44 percent decline in total sales at 45,212 units in March.
Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.
NK Minda, chairman, Minda Industries says the joint venture is worth Rs 300 crore and the operations for the same will begin in April 2016.
In an interview to CNBC-TV18‘s Alexander Mathew, Pawan Goenka, ED & President - Automotive & Farm Equipment Sectors, M&M, said the company is working on a brand new platform called Dhruv, which will be launched sometime towards the end of next year.
The deal, that reports suggest is worth Rs 3000 crore, is said to happen in three steps that will later lead to an open offer.
In an interview to CNBC-TV18, Surendar Singh, MD, GS Auto International, discusses the company‘s earnings and business outlook.
Anmol Jain, managing director, Lumax Auto Technologies says the two-wheeler segment sales are driving growth and he expects margins to improve hereon.
M&M's one source strategy gives an opportunity to leverage all other product lines of Mahindra, said Deepak Jain of Lumax Industries.
CNBC-TV18's Farah Bookwala Vhora, who was in Chennai at the company's R&D centre, caught up with Dr Pawan Goenka to find out more about the new M&M product.
M&M‘s tractors market share stands at 41.5 percent, up 0.6 percent on a year-on-year (YoY) basis. It expects Tamil Nadu market to revive in June-July.