Page 11 - Mahindra Group

Mahindra group rides Jawa back to its Czech homeland after a 90-year hiatus

The motorcycle was created by Frantisek Janecek in Prague, with the first model rolling out on October 23, 1929

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.

Mahindra shutters plane manufacturing facility in Australia; seeks buyers

Mahindra Group on Tuesday said it has closed down its aircraft manufacturing business in Australia and is scouting for a buyer, more than a decade after venturing into high-cost plane-making business. The decision also comes little over a year after one of the planes, manufactured at the Australian facility, crashed in Sweden killing nine persons. In 2009, Mahindra Group acquired 75.1 per cent stake each in two Australian aerospace firms, Gippsland Aeronautics (Gipps Aero) and Aerostaff Australia, for Rs 175 crore as part of its plans to manufacture aircraft and allied components to service global market. While Gippsland Aeronautics is into aircraft manufacturing, Aerostaff is into manufacturing aircraft components. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings media call. "It is up for sale for someone .

Can the new Thar move bring Mahindra's SUV business on to the fast lane

Analysts say carmaker has to get the pricing right to snatch back volumes in the sport utility vehicle segment

Build systems for space sector growth with private presence: Anand Mahindra

Says global space sector is expected to touch $3.3 trn by 2045, India's share is currently miniscule

We will continue investing in successful biz for the future: Anand Mahindra

The Covid-19 crisis, however, has given us an opportunity to reboot our thinking, to reinvent our approach and to recommit ourselves to our financial goals"

Mahindra resets its playbook for international business ventures

'We will fail faster, if we have to,' says chairman Anand Mahindra as international revenues for most group business ventures grow or dwindle

Further re-rating of M&M depends on UV, capital allocation outcome

Share price jump reflected in current valuation

Amit Raje joins Mahindra Group as EVP for partnerships and alliances

Raje's appointment comes weeks after the Anand Mahindra-led firm announced that it will exit from loss making subsidiaries and entities

These techies built a social media start-up from their college hostel room

A day after Mahindra Group chairman Anand Mahindra committed an investment of $1 mn in social media start-up Hapramp, its creative social media app GoSocial saw unprecedented traffic due to which the

Mahindra reports first quarterly loss in 19 years amid Covid-19 crisis

Net loss stood at Rs 1,761 cr in Q4

Anand Mahindra invests $1 million in social network start-up Hapramp

The firm is working on the biggest social media challenges: user privacy, data security, and fair content monetization.

Defence reforms: Indian manufacturers looking to ride the opportunity

FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus

Lockdown extensions economically disastrous, says Anand Mahindra

While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help.

Big names in Indian philanthropy team up to respond to climate change

Some of the biggest names in Indian philanthropy have teamed up with researchers and more to craft an India-specific response to the climate crisis. Nikita Puri reports on the development

Mahindra Renewables plans $171 mn investment for solar project in Rajasthan

The project will be backed by International Finance Corporation (IFC)

Mahindra group going slow on niche-segment hiring as auto slowdown bites

'Fresh hiring will be limited. If a huge growth comes then we have to do a lot of hiring', the company said

Mahindra Group to check into upscale hotel segment to tap burgeoning demand

Sources said that the proposed diversification from 'vacation ownership' through its Club Mahindra brand will put the firm on a similar turf as that of the Tata Group's Indian Hotels

M&M group net income plunges 78% to Rs 368 crore as demand slide continues

Mahindra & Mahindra on Friday said its consolidated net income plummeted 78.44 percent to Rs 368.43 crore in the quarter to September as the volumes fell sharply even though the automaker could maintain strong margins. On a standalone basis, the company did better with a net income of Rs 1,355 crore, down 23.8 percent, thanks to a relatively better show by the tractor arm. Consolidated revenue stood at Rs 23,935.93 crore, down almost 6 percent from a year ago, of which automotive revenue stood at Rs 12,058.79 crore, down from Rs 14,330.54 crore and farm equipment revenue stood at Rs 5,369.89 crore marginally down from Rs 5,451.20 crore, pulling down it pretax profit by over 13.7 percent to Rs 702 crore. During the quarter, its automotive volume dipped 21 percent to 1,10,824 from 1,41,163 units, while tractor sales stood at 68,359 units, down 6 percent from 73,012 units, while the industry volume plunged 10 percent. Despite this, the company marginally improved its ..

Mahindra Lifespaces eyes half a dozen stressed projects in three cities

MD Sangeeta Prasad said the company would scale up business, take debt selectively and float more platforms