Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s prominent automotive companies, has disclosed its impressive performance in the auto sales domain for the month of May 2023. The company’s overall auto sales reached an impressive 61,415 vehicles, signaling its continued dominance in the market. Within the utility vehicles segment, Mahindra recorded the sale of […]
Swaraj Tractors, a prominent Indian tractor brand owned by the Mahindra Group, has introduced a new range of compact light weight tractors named the ‘Swaraj Target’. With its exceptional performance, first-in-class features, and cutting-edge technology, the Swaraj Target range is expected to set a new standard in the Compact Light Weight tractor category. The name […]
Mahindra & Mahindra said that Mahindra Tractors has unveiled the OJA brand of future-ready range of tractors from the group’s global tractor program called K2. “OJA” has been taken from the Sanskrit word “Ojas” which represents vitality, strength, and energy. The Mahindra OJA is the all-new light-weight global tractor platform that focuses on both international […]
Mahindra & Mahindra (M&M) said that its Farm Equipment Sector (FES) division has wrapped up the previously announced deal to take full ownership of MITRA Agro Equipments (M.I.T.R.A) by acquiring the remaining 53.67% held by Omnivore. MITRA Agro Equipments has now become a fully-owned subsidiary of Mahindra & Mahindra (M&M). Hemant Sikka — Mahindra & […]
Mahindra & Mahindra has taken full ownership of M.I.T.R.A Equipments (MITRA), an Indian manufacturer of agricultural sprayer at a proportionate enterprise value of INR 40 crores. In this connection, Mahindra & Mahindra, which currently holds a stake of 47.3% in MITRA Equipments, will acquire 1,38,589 equity shares priced at INR 10 each. According to the […]
Mahindra & Mahindra Financial Services Limited (MMFSL or Mahindra Finance) has launched ‘Used Car Digi Loans’, a specialized end-to-end digital journey, in partnership with Mahindra First Choice Wheels’ Car&Bike and CarDekho’s Rupyy. According to the Mahindra Group company, the new integrated journey will enable users to obtain loan deals tailored to their needs through Mahindra […]
Bharti Airtel (Airtel) and Tech Mahindra have joined forces to deploy the ‘5G for Enterprise’ solution at Mahindra & Mahindra’s Chakan auto manufacturing facility near Pune. With the new solution in place, the Chakan manufacturing plant is said to have become the first 5G enabled auto manufacturing unit in India. Manish Vyas — Tech Mahindra […]
Indian automobile manufacturer Mahindra & Mahindra said that it will invest INR 10,000 crores to build an electric vehicle (EV) manufacturing plant in Pune. The company said that its investment, which will be made over a period of 7-8 years, has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles. Mahindra & […]
Mahindra & Mahindra (Mahindra) and Visteon Corporation are joining forces to bring transformative in-vehicle experiences to the Scorpio-N SUV by using Qualcomm Technologies’ 3rd Generation Snapdragon Cockpit Platforms. The Scorpio-N SUV is powered by Mahindra & Mahindra’s connected artificial intelligence (AI) technology, which uses Visteon’s SmartCore cockpit domain controller technology that is based on the […]
Mahindra & Mahindra Financial Services (Mahindra Finance) has reported a profit after tax (PAT) of INR 601 crores for the fourth quarter of the fiscal year 2021-2022 (Q4FY22), a 300% increase compared to INR 150 crores in the same quarter of the previous fiscal year. The total income of the Indian financial services provider was […]