Mahindra Ford

Mahindra bags 30,179 bookings for two new electric models on opening day

Mahindra & Mahindra on Friday said it has secured 30,179 bookings for its two new electric models -- XEV 9e and BE 6. The Mumbai-based auto major claimed the booking number translates to a value of Rs 8,472 crore (at ex-showroom price). The company commenced bookings for the complete lineup of XEV 9e and BE 6 on Friday. "Mahindra Electric Origin SUVs create a new record in EV category by clocking 30,179 Bookings on Day 1 with booking value of ?8,472 crore (at ex-showroom price)," Mahindra Group Chairman Anand Mahindra said in a tweet. The split between the XEV 9e and BE 6 is 56 per cent and 44 per cent respectively, the company said. The top-end Pack Three, featuring a 79 kWh battery, accounted for 73 per cent of the total bookings across both brands, it added. The two models are priced between Rs 18.9 lakh and Rs 30.5 lakh (ex-showroom). Electric passenger vehicle sales in India stood at around 1 lakh units last year.

Tata will keep inspiring future business leaders: Ford Motors chairman

Ford Motor Company chairman Bill Ford Saturday said he is "saddened" by the death of industry titan Ratan Tata earlier this week. "Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover," Ford said in a statement. Tata's legacy will continue to inspire future generations of business leaders and entrepreneurs, Ford, the great-grandson of Henry Ford, said. Tata, who is credited with taking the salt-to-software conglomerate to newer heights during the over two decades of leading it, died at a city hospital on Wednesday after a brief illness. He was 86. In 2008, group company Tata Motors bought JLR from Ford for USD 2.3 billion in an all-cash deal. Ford recalled that he had met Tata only once in person and described the meeting as "warm and cordial". The two spoke about the challenges and joys of running family businesses and our mutual love of cars during the meeting, the 67-year-old Ford added. Denying claims of Tata feeling ...

Mahindra to unveil Thar EV concept on August 15: All you need to know

Continuing with the Thar's off-road character, the concept electric vehicle will also have a 4X4 set-up

Mahindra Group appoints new chief group officer for public affairs

Abanti Sankaranarayanan will be part of the group executive board, reporting to the CEO

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

Ford puts projects with M&M on hold as it reassesses India strategy: Report

NEW DELHI/DETROIT (Reuters) - Ford Motor has frozen all projects it was working on with Mahindra & Mahindra while it finalises a new India strategy, three people familiar with the U.S. carmaker's plans told Reuters, weeks after the two companies called off their planned joint venture.

We're not keen on diversifying at this point, says M&M's Anish Shah

Group has ten businesses 'which have lot of potential and can grow', says managing director and CEO-designate.

Top 10 biz headlines: Mahindra JV with Ford, falling car sales, and more

From Mahindra and Mahindra announcing a joint venture with Ford to car sales falling again, here are the top 10 business headlines on Wednesday

Ford to form joint venture with Mahindra & Mahindra valued at $275 mn

The two companies have for months been negotiating the deal

Ford to transfer struggling India business to joint venture with Mahindra

Mahindra, one of India's largest automakers, will own 51 per cent of the new entity

Mahindra, Ford to co-develop mid-sized SUV for India, emerging markets

Mahindra & Mahindra (M&M) and Ford Motor Company Thursday said they have signed a definitive agreement to co-develop a mid-sized SUV for India and other emerging markets. The new agreement reinforces the steady progress made since the announcement of a strategic alliance between the two companies in September 2017, followed by an announcement on powertrain sharing and connected car solutions in October 2018. The new mid-sized sports utility vehicle (C-SUV) will have a common Mahindra product platform and powertrain, thus driving engineering and commercial efficiencies. "Having identified several areas for joint development, both companies will continue to work together to develop products using common product platforms," M&M Managing Director Pawan Goenka said in a statement. This will reduce product development costs and gain economies of scale for both companies, he added. President of Ford New Businesses, Technology and Strategy Jim Farley said that with the new pact ...