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    • Bill Forge acquisition to improve margins: Mahindra CIE

      The Rs 1,331-crore acquisition brings a bigger opportunity in the commercial vehicles and utility vehicles market, besides giving Mahindra CIE an increased presence in north and south India, Chairman Hemant Luthra told CNBC-TV18.

    • German plant shutdown led to struggle in Euro biz: Mahindra CIE

      Mahindra CIE's debt halved in the last quarter year-on-year due to a reduction in working capital, says Chairman Hemant Luthra. This has given the company headroom for potential acquisitions.

    • Working on newer models, Q2 to be better: Mahindra CIE's Luthra

      The company has been able to bring the cost as a result of which there has been a sequential increase in margins both standalone consolidated and at the subsidiary, said Hemant Luthra, Chairman, Mahindra CIE.

    • Targeting 15-17% EBIDTA margins in FY17: Mahindra CIE

      A strict control on costs and a strong monsoon, if it pans out, should help Mahindra CIE expand EBITDA margin to about 15-17 percent in fiscal year 2016-17, says Chairman Hemant Luthra.

    • Initiated cost cutting; margins to improve: Mahindra CIE

      Luthra sees East Asia as the next growth driver for the company‘s operations and says it is open to entering the defence space as well

    • Mahindra CIE sees 50-250% returns for minority shareholders

      Mahindra Ugine, Mahindra Forgings and Mahindra CIE will be merged into one entity,Hemant Luthra, President, Mahindra Systech said.

    • Mahindra CIE to be $3bn firm by April 2014: Chairman

      Chairman of Mahindra CIE, Hemant Luthra said that post the merger the combined entity, Mahindra CIE will become a USD 3 billion firm

    • Mahindra to launch first small aircraft in India in 2 years

      The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.

    • Deal with CIE a marriage made in heaven, says M&M's Luthra

      Hemant Luthra, president, Mahindra Systech, said the deal will help the two companies grow into new geographies. The product range as well as geographical presence of the two firms will complement each other since CIE is present in Latin America, where Mahindra is not and in India Mahindra has a strong presence, while CIE does not, he said.

    • Sanyo guidance will boost cost-cuts, profits: Luthra

      Hemant Luthra, chairman, Mahindra Sanyo Special Steels and Y Tsukamoto, senior MD, Sanyo Special Steel explained the various details regarding the JV and the plans for the future.

    • Europe demand pickup to aid Mahindra Forging's FY12 growth

      Mahindra Forgings expects a pickup in demand, especially from truck manufacturers in Europe, will boost its earnings growth this fiscal.

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