Page 6 - Mahindra Group

Ex-Infy exec Atul Soneja joins Tech Mahindra as chief operating officer

Tech Mahindra on Monday appointed Atul Soneja as the chief operating officer, the company said. The country's fifth-biggest IT services company in terms of revenues did not have a COO in the past. The appointment is effective from Monday. The appointment follows disappointing quarterly numbers for the April-June period, which saw a 38 per cent decline in net profit. Soneja, who joined Tech Mahindra from CitiusTech, has also been associated with the country's second-biggest IT company Infosys, where Tech Mahindra's Chief Executive Officer (CEO) and Managing Director-designate Mohit Joshi had also worked. His rich experience and vast knowledge of the industry, combined with his relentless dedication to automation, make him an ideal candidate to lead our operations, Mahindra Group's current Managing Director and Chief Executive Officer C P Gurnani said. Joshi said Soneja's appointment will help drive growth and enhance capabilities. At Infosys and its subsidiaries, Soneja managed ..

India in pole-vaulting distance to oust China as world's factory: Mahindra

Mahindra suggested that doubts surrounding China's ambitions and disruptions to supply chains in the wake of Covid-19 have also worked in India's favor

Mahindra Finance Q1FY24 results: Net profit rises 58% to Rs 353 crore

The revenue from operations was up 25 per cent to Rs 3,125.4 crore during the quarter

M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more

Company says it may consider further investment in the bank to raise its holding up to 9.9%

Mahindra Group to aid US companies to set up manufacturing base in India

The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes

Mahindra Group to aid US cos to expand manufacturing footprint in India

Mahindra Group has set up a dedicated platform in the US to help American companies expand their manufacturing base in India, the Mumbai-based diversified conglomerate said on Monday. The Mahindra Group said it has an extensive experience in regulatory and policy matters, with an in-house team of experts, who will lend their expertise to give American companies a head-start on their manufacturing journey in India. The Group will support interested companies in setting up their manufacturing base in India in a range of ways, including an integrated approach to manufacturing infrastructure, supply chain, technology/automation among others. It would also provide modular plug-and-play suite of offerings; experience sharing on regulations and compliance; and environmental, social and governance (ESG) focus. Mahindra Group is delighted to announce a dedicated platform in the US a decisive step aimed at enhancing global manufacturing and supply chain solutions for American companies," ...

Mahindra Thar, XUV300, Bolero selling at up to Rs 73,000 off in July 2023

Select Mahindra dealerships in India are offering high discounts on different car models from Rs 5,000 to 73,000, which includes cash discounts and other benefits

Indian Army places order for 1,850 Scorpio Classics to replace Gypsy

The new batch of Scorpio Classic SUVs being sold to the Indian Army are painted in a shade of green and come fitted with five-spoke silver alloy wheels, fog lamps, side steps, and roof rails

Mahindra Lifespaces gets into plotted development with 'Lakefront Estates'

The project is designed to provide an ideal, customised living experience with green open spaces and access to excellent infrastructure and facilities, said the company

M&M overall sales up 15% in June, SUV sales rise 22%; exports down by 10%

Three-wheeler sales were also up by 59% and reached 6,377 units in June 2023 from 4,008 units in June 2022

Indian army receives its first Mahindra Armado; all you need to know

Given its design and build, it can operate effectively in tough terrains like open fields or even in deserts

M&M launches XUV700 in Australia at AUD 36,990; no diesel variant on offer

The XUV700 sold in Australia will come with only a turbo-petrol engine, the 2.0-litre mStallion that returns 200 bhp and a peak torque of 380 Nm

Mahindra & Mahindra, Hinduja join race to buy MG Motor India stake

The Sajjan Jindal-led JSW group has already evinced interest to take up to 48% stake in MG Motor India. The company's valuation is pegged at over Rs. 8,000 crore, the sources said

Aiming to maintain leadership position in SUV segment: Mahindra Group CFO

Mahindra & Mahindra is looking at maintaining leadership position in the fast growing sports utility vehicle segment in the current fiscal with demand remaining robust for its model range, according to the group CFO Manoj Bhat. The company, which is sitting on an order backlog of 2.92 lakh units for sports utility vehicles (SUV), also plans to ramp-up production capacity by the end of this year, as it looks to cut waiting periods on various models. In an interaction with PTI, Bhat said there is a huge demand for company products which is evident with the number of open bookings generated by the auto major. "If you look at the last quarter booking numbers there is huge demand across the board... demand for XUV300/400, Thar and demand for the Scorpio and XUV700 range continues to be strong... so from that perspective it is good that the customer is getting more choice with more products," he noted. When asked if the company is looking at a leadership position in the SUV segment this

Automakers to invest $10 billion for enhancing EV manufacturing capacity

The capital expenditure will be allocated towards building green-field plants for EVs, better research and investment in battery plants, and support for grid charging infrastructure

Mahindra Holidays Q4 profit rises on higher occupancy, membership

Shares of the company jumped 5.3% after the results, and closed 3.4% higher

Four months in waiting, Mahindra Thar to cost up to Rs 1.05 lakh more

The price for the base variant of the Mahindra Thar, which stands at Rs 13.49 lakh (all prices are ex-showroom), remains unchanged

Keshub Mahindra: A leading industrialist very different from the ultra-rich

He was close to his workers, the doors were always open for them, and he treated them as part of one big family

Oldest Indian billionaire, champion of education: Who was Keshub Mahindra?

Keshub Mahindra passed away on April 12 at the age of 99

Mahindra expands cultural outreach with yet another festival: Percussion

Day-long event in Bengaluru on Saturday is the newest in the conglomerate's Nov-March calendar patronising the arts