Many employees working from home during the pandemic took up side jobs without the approval of their parent firm
'Specialised people' needed to ensure loan defaulters don't cheat company, says Ramesh Iyer in interview
The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr
Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts
Mahindra XUV 400 EV is ready to be launched today, September 8, 2022. Read this detailed report on features, specifications and expected prices in India
The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo
The firm is also "closely monitoring" Peugeot Motorcycles, Mahindra Trucks & Buses and Construction Equipment businesses as their "performance is below expectation"
According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs
Hyundai, Maruti, Mahindra, and Toyota to launch new cars in different segments. Know everything about the latest cars to watch out for in August.
Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year. The stock climbed 6.15 per cent to settle at Rs 1,236.35 apiece on the BSE. During the day, it rallied 7.18 per cent to its 52-week high of Rs 1,248.40. It was the biggest gainer among the Sensex constituents. On the NSE, the stock jumped 6 per cent to Rs 1,234.50 apiece. In volume terms, 16.65 lakh shares were traded on the BSE and over 1.26 crore shares on the NSE during the day. On Monday, Mahindra & Mahindra Ltd reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.
The company said that the bookings translated into an ex-showroom value of $2.3 billion
Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers
Business tycoon Anand Mahindra has shared a picture of a 'latest technology to dry clothes on Twitter, and it has left Twitterati amused and in splits.
In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon
At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company
Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster
New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor
The sales of two-wheelers plunged to lowest in nine years in 2021. Does the trend reflect the declining purchasing power of people in the middle and lower-income groups? Let's find out
Occupancy is back to pre-pandemic levels and will likely hit upwards of 80% this quarter, Chief Executive Officer Kavinder Singh said
Mahindra & Mahindra (M&M) on Monday said its SUV Thar has crossed 75,000 cumulative bookings mark in one year of its launch in the country. The all-new Thar continued its relentless march to automotive folklore and clocked 75,000 bookings just a year after its launch on Mahindra Group's 75th Anniversary on October 2, 2020, the automaker said in a statement. It has breached the traditional boundaries set by off-roaders and invaded into the dreams of metro-based young, urban buyers who are looking for an authentic yet sophisticated SUV experience, it added. The company noted that 40 per cent of the bookings of the model have come from millennials. "Another interesting fact is that almost 50 per cent of the bookings are for the automatic variant and 25 per cent of the total bookings are for the petrol variant," it added. The new Thar comes with both petrol and diesel powertrains mated with manual and automatic transmissions. The last generation of the model used to come with ...