The 50:50 JV, SsangYong's first overseas production base, will make completely built unit vehicles and also have an engine plant
China's electric and hybrid car market has overtaken the US market, according to the IEA
Becomes first Indian company to set Internal Carbon Price
Company has tied up with online grocery retailer Big Basket to deliver 50 cargo vehicles initially
The company has tied up with online grocery retailer Big Basket to deliver fifty cargo vehicles initially
Utility and tractor major, Mahindra & Mahindra, has decided to acquire the European two-wheeler subsidiary company of Mahindra Two Wheelers for euro 26.3 million (about Rs 197 crore).The Mumbai-based company has agreed to acquire 14.9 million equity shares aggregating 100 per cent of share capital of Mahindra Two Wheelers Europe Holdings (MTWL-Europe), a subsidiary of M&M.MTWL-Europe holds investment in a two-wheeler company in Europe which is Peugeot Motorcycle SAS."The acquisition would result in MTWL becoming a direct subsidiary of M&M and would facilitate better focus on downstream two-wheeler business", said a statement from M&M.It would take a month for the transaction to be complete.
Tenure of the instrument will be 10 years; company does not specify purpose for which funds are being raised
However, shares of the company were trading 1.31% lower at Rs 1391.15 on BSE
No production of the Vibe, a derivative of the sedan Verito, has taken place since the start of the financial year in April
M&M stock trading 3.46 per cent lower at Rs 1,419.95 per scrip in the afternoon on BSE
Electric car unit of M&M looks at drivetrains, fleet operators and e-tailers to drive growth
It provides real-time tracking and analytics of Mahindra vehicles
Anand Mahindra says driverless tractors could change the future of food production
Mahindra's total vehicle sales rose 11% to 121,530 units during the three-month period
Exports surged 16% to 4,153 units during the month as against 3,565 in July last year
Funds to be used for ongoing capex, short- and long-term working capital, general corporate purposes
Auto major sees double-digit growth in tractor, UV sales in Q1
The stock ended the day with a gain of 2.22% at Rs 1,460.70 on BSE
Company had sold 25,090 units in the same month last year
Multi-brand car service company aims to ramp up number of workshops to 500 by the end of FY18