Page 12 - Mahindra Group

Maharashtra approves Mahindra's Rs 19 bn tourism project in Mumbai suburb

As per the state tourism policy of 2016, an ultra mega project would require a capital investment of Rs 5 billion and to employ 750 people and complete it in 84 months

Mahindra Powerol enters marine engine biz, eyes 10% revenue from segment

Mahindra Powerol, a business unit of $20.7 billion Mahindra Group, has officially forayed into the marine engines business by launching products commercially in Chennai.The company is targeting to capture 30 per cent of the high power engines of 100-300 horsepower in the next 12-24 months. The company is also expecting around 10 per cent of its revenues to come from the marine engine business in next three years, said Sachin Nijhawan, Business Head, Mahindra Powerol.The smaller engines ranging from 50 to 100hp consists of around 20,000 units market, while the above 100 hp is around 2,500-3,000 units market. The higher power engines are priced at around Rs 1,50,000-7,00,000 per engine. The company has engines, ranging from 24hp to 300hp, including 11 variants of Marine Engines and Marine Generators."At present most of the market is unorganised and dominated by the Chinese low price products. However, there are concerns about the lifetime of the vehicle and fuel efficiency and the ...

Mahindra group subsidiaries have put up a stellar show in FY18

Having exited the bleeding businesses like mass two wheelers and retail, the group is now turning to artificial intelligence, virtual reality to enhance efficiency

Mahindra Group to double US investment by 2022, says Pawan Goenka

The Indian conglomerate has invested $1 bn in US market till date, employs about 3,000 Americans

Mahindra to invest $1 bn in US in 5 yrs, seeks to double American revenues

Diversified Mahindra group plans to invest USD 1 billion across business verticals in the US over the next five years as it aims to double revenues from the American market to USD 5 billion. 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. "We have so far invested around USD 1 billion in the US among all the businesses and we should invest another billion over the next five years," Mahindra & Mahindra Managing Director Pawan Goenka told PTI here in an interview. The quantum of investment, however, would depend on various factors like market conditions and success of various projects that are currently underway in the US, he added. Elaborating on various strategic projects, Goenka said the company has bid for a US postal service contract and if it comes through it would help the company grow exponentially in the country. When asked about the

Tough conditions for Mahindra, especially tractor biz, could end soon

Mahindra is among the few business houses spread across diverse industries such as automobile, software, real estate, financial services

Not quitting 2-wheeler space, will focus on niche market: M&M

The move is part of its strategy to refocus on the two-wheeler business and target premium niche segment