Utility vehicle maker Mahindra & Mahindra plans to purchase US-based Navistar International Corp's stake in their Indian joint ventures Mahindra Navistar Automotives and Mahindra Navistar Engines. As per the terms, M&M will have to pay about Rs 175 crore of USD 33 million for Navistar Group's stake in both ventures.
Mahindra Two Wheelers reported 26 per cent growth in sales for November at 10,082 units against 8034 units in the corresponding month last year. The cumulative sales in the April-November period stood at 79,910 units, the company said in a release.
Festive demand for its utility vehicles helped Mahindra & Mahindra's total sales in November rise 18 percent year-on-year to 48,143 units.
Mahantesh Sabarad, Fortune Equity Brokers, says that the valuation is a concern because the deal is not cheap. It is between 2-3 times in terms of EV/sales. Secondly, despite putting in money Mahindra may not have an operational control over Aston Martin.
Italian private equity fund Investindustrial and Indian car maker Mahindra have made competing bids for 50 percent of British luxury car maker Aston Martin with a deal expected over the weekend, a source close to the matter said on Friday.
Mahindra and Korean car maker Ssangyong launched their latest SUV, Rexton. But can this new SUV help Mahindra increase its market share? CNBC-TV18‘s show Overdrive tested this new offering from Mahindra-Ssangyong to check if it can sustain Indian driving conditions.
The auto sector is in focus as the festive season begins. We have seen a whole host of new launches in the last couple of weeks, fourteen new launches in the last month or two.
Utility vehicle maker Mahindra & Mahindra on Wednesday launched the much anticipated Rexton SUV from its Korean arm SsangYong Motor Co stable.
Auto industry body SIAM may have cut its growth forecast for the industry, but M&M is not worried. But the company is angry at certain policy measures taken by the government which, it says, hinder growth, reports Sunanda Jayaseelan of CNBC-TV18.
The latest entrant in the compact SUV space is Mahindra's highly anticipated Quanto. But can it withstand competition from other car-makers in this space? CNBC-TV18's show Overdrive tests this latest offering from Mahindra to find out if it lives up to the hype and expectations.
Utility vehicle maker Mahindra & Mahindra's total sales in September rose 10% from a year ago to 48,342 units. September sales were highest ever monthly sales, the company said on Monday.
The National Manufacturing Competitiveness Council (NMCC) has proposed ending the ban on government purchased of commercial vehicles, reports Ronojoy Banerjee of CNBC-TV18.
Mahindra & Mahindra, India's biggest utility vehicle manufacturer, will finalise its Russia plan in 4-6 months and is in talks with Russian distributors, a top company executive said.
Mahindra & Mahindra , India's biggest utility vehicle manufacturer, beat street estimates with a 20% rise in first-quarter net profit, as strong demand for its sporty cars offset sluggish sales at its key tractor business.
Arun Nanda, vice-chairman, Mahindra Life Sciences, says that the release from the government saying that the transfer of land from the government to infrastructure projects need not go to the Cabinet for approval is a positive move by the Prime Minister.
Mahindra and Mahindra today announced that it is looking to beat sales volumes in the slowing two wheeler market by rolling out three new products in the space in this fiscal, reports Sunanda Jayaseelan of CNBC-TV18.
Automobile dealers from across the United States have filed a lawsuit against utility vehicle maker Mahindra & Mahindra and its U.S. arm, accusing it of fraud, misrepresentation, and conspiracy.
Shares of Mahindra & Mahindra and Tata Motors rose 1% in morning trade on Monday, after the two auto makers reported strong sales growth for March, as buyers rushed to book their vehicles early to avoid paying a higher excise duty from April 1.
Get ready to pay more for automobiles as the excise and customs duty has been hiked in the Union Budget 2012-13.
Utility vehicle maker Mahindra & Mahindra's total auto sales in February accelerated 29% from a year ago to 43,087 units, helped by growth across passenger vehicle and four-wheeler commercial vehicles.
Prakash Diwan, Asit C Mehta Investment shares his view on Ashok Leyland.
U.S. private equity firms Carlyle Group and Warburg Pincus took advantage of India's recent stock market gains to pare stakes in two financial companies in deals worth USD 440 million, a sign of investor wariness about the sustainability of the current rally.
Mahindra Solar One, a joint venture between Kiran Energy and Mahindra, today commissioned its first 5MW solar power plant in Jodhpur in Rajasthan.
The XUV 500 projected by Mahindra as its first global SUV has been launched at a very competitive price of Rs 10.8 lakh, reports CNBC-TV18's Swati Khandelwal Jain gets behind the wheels.
Mahindra's international business has been on an up rise this year compared to the growth in the domestic market. Mahindra's Pawan Goenka talked about the company's international growth in recent times.