Mahindra Lifespace Developers Ltd. Said that it has finalized the terms to acquire nearly 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra for an undisclosed price. Subject to the fulfillment of agreed conditions by the buyer and seller, the acquisition is likely to close in nearly six months. The land parcel is […]
DLL, a financial solutions provider owned by Rabobank Group, has signed an agreement with Mahindra & Mahindra Financial Services Limited (MMFSL) to extend their long-standing joint venture in the US. The joint venture dubbed Mahindra Finance USA provides retail and wholesale financing in the US for Mahindra Ag North America (MAgNA), which is engaged in […]
Tech Mahindra has launched its Metaverse practice called TechMVerse for providing its customers with interactive and immersive experiences in the Metaverse. With an objective to reimagine customer experience and deliver real business outcomes, the Indian IT services provider plans to utilize its network and infrastructure capabilities as well as its foundational technological capabilities including pervasive […]
Mahindra Defence Systems Limited has bagged a contract worth INR 1,349.95 crores from the Indian Ministry of Defence (MoD) for manufacturing 14 integrated anti-submarine warfare defence suite (IADS) for the Indian Navy’s modern warships. The fully-owned subsidiary of Mahindra & Mahindra Ltd. prevailed over other Indian companies in a competitive bidding round held by the […]
Mahindra & Mahindra said that it will offer proactive inspection and replacement of a fluid pipe in certain Pikup vehicles it had manufactured between January 2020 and February 2021 due to suspected wrong assembly. The Indian tractor manufacturer said that the suspicion pertains to a batch of 29,878 vehicles and its decision aligns with its […]
Mahindra & Mahindra Ltd. reported that its overall auto sales of passenger vehicles, commercial vehicles, and exports were 42,983 vehicles for the month of July 2021. The Indian automotive company sold 20,797 vehicles in the utility vehicles (UVs) segment during the reported month, a 91% increase compared to 10,898 UVs sold in July 2020. In […]
Mahindra & Mahindra has launched the new Bolero Neo sport utility vehicle (SUV) across India at an introductory price of INR 8.48 lakh (ex-showroom price, all over India) for the N4 variant. The automobile company said that the new Bolero Neo will suit the evolving customers who want a tough and authentic SUV but at […]
Mahindra & Mahindra has signed a share subscription and shareholders’ agreement to acquire a stake of 31.2% in ReNew Sunlight Energy Private Limited (RSEPL) for INR 16.07 crores in cash. The deal is expected to close by the year end. Additionally, Mahindra & Mahindra and ReNew Sunlight Energy have signed a power delivery agreement under […]
Mahindra Telephonics Integrated Systems has bagged a contract worth INR 323.47 crore from the Indian Ministry of Defence (MoD) for the supply of 11 airport surveillance radars with monopulse secondary surveillance radar for the Indian Navy and the Indian Coast Guard. The company is a subsidiary of Mahindra & Mahindra. According to the Ministry of […]
Mahindra Lifespace Developers, an Indian residential property developer, said that it has finalized the terms to acquire nearly 3.2 acres of land in Pimpri, Pune, from its parent organization Mahindra & Mahindra. The acquisition is anticipated to close in approximately six months and will be contingent on the meeting of agreed conditions by both buyer […]