The automobile giant, which has more than 60 dealers in South Africa, secured the top position out of the 29 vehicle brands surveyed for the awards.
Mahindra comments come at a time when the US-China trade dispute escalated on May 13 when Beijing announced levies duty on US products of $60 billion.
As part of the transaction, the promoters of the company have also put in additional Rs 20 crore, taking the total investment to Rs 226.5 crore.
"We believe that this vehicle is frankly the best last mile solution, the most clean solution the world will see," Anand Mahindra said.
The definitive agreements on powertrain sharing and connected car solutions reinforce the progress made in the strategic alliance between the two companies, first announced in September 2017 and followed up with five agreements in March 2018.
Mahindra Group and Ford Motor Company have decided to jointly develop new SUVs and small electric vehicles as part of several initiatives to take forward their collaboration pact signed in September 2017.
The company has inked a memorandum of understanding (MoU) with Auroville which has been involved with several e-mobility initiatives over the last few decades.
The best way a corporate honcho can speak out is through supporting causes he believes in, like liberal education, the outspoken industry leader said.
Tech Mahindra currently owns around 76 percent stake in the Turin-based firm which is known for design work for iconic brands such as Ferrari, Maserati and Rolls-Royce
The Turin-based company generates majority of its revenues from the automotive sector.
It feels like a wanderer has returned home, the Mahindra Group Chairman said at the inaugural session of the Investors Summit 2018.
Addressing the Magnetic Maharashtra investor summit here this evening Mahindra group chairman Anand Mahindra said his software company Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur that will create ate least 2,500 jobs.
The diversified conglomerate will continue to hold over 61 per cent of the company after the share sale as well, they said.
Tech Mahindra will also double its local hiring in the country. IT major Tech Mahindra plans to hire around 2,200 people in the US this year, same as last year.
The Mumbai-headquartered group, which currently employs around 3,000 people in the country, also plans to double the headcount over the next five years as it looks to expand operations.
ORIX India is a 100 per cent subsidiary of Japan's largest car leasing company ORIX Corporation. It is also into self-drive car rental and consumer finance.
Prime Minister Narendra Modi has vowed to end India's role as the world's largest arms importer by asking foreign firms to share technology with local players and then manufacture in India - in return for a slice of the $250 billion analysts estimate New Delhi will spend on its military over the next decade.
"There are certain milestones which will be achieved in 2017-18 and in the next fiscal, we will either come out with an IPO or do a strategic alliance which may involve partnership with an overseas player," Mahindra Logistics' chief executive Pirojshaw Sarkari said.
Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).
The partnership with Segnere, which was announced at the 11th edition of the five-day biennial air show Aero India, supports Mahindra's intent to expand its existing capabilities to produce hard-metal parts (titanium, inconel and aerospace steels) and then to collaborate on other technologies, the company said in a release.
Disappointed with the Reserve Bank's decision to leave key policy rates unchanged, India Inc today said a rate cut was needed to revive demand hit by the cash crunch post demonetisation.
The establishment of a market-focused platform will provide information and bespoke home buying solutions for customers across India, the company said in a statement.
The company has signed an MoU with the Gujarat government in this regard and the proposed industrial park is expected to create direct and indirect employment for about 12,000 persons, when fully operational, Mahindra Lifespace said in a statement.
The company, which is a part of 'Start up Garage' of the Mahindra Group, has already on-boarded over 1,000 workshops and 5,000 users in Mumbai during the test phase.
Country's fifth largest software exporter Tech Mahindra today launched a majority-owned joint venture in Saudi Arabia in partnership with local conglomerate Al Fozan Group.