Page 8 - Mahindra

Carmaker Mahindra warns of 20% dip in production due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages

M&M expects chip crunch going forward, pandemic to hurt first quarter

Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections

Mahindra 'walks the talk' with free Covid jabs for dealers' employees

Others including Tata Motors and Ford India are also doing their bit to support channel partners

S Korea's SsangYong Motor in receivership as owner M&M fails to find buyer

SsangYong applied to the court in December for receivership after it defaulted on a loan repayment

Mahindra reaffirms faith in South African market with new facility

Mahindra South Africa has reaffirmed its faith in the South African market by opening a new national parts warehouse that is a third larger than its old facility

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise

Digital transformation services provider Tech Mahindra acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharma industry

Mahindra recalls 1,577 units of diesel Thar to replace faulty engine part

Utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it is recalling 1,577 units of its SUV Thar with diesel powertrain to replace faulty camshaft, an engine part. The Mumbai-based auto major said it would undertake proactive inspection and replacement of camshaft on a batch of 1,577 units of Thar diesel variants, manufactured between September 7 and December 25, 2020. "A machine setting error at the supplier's plant, on specific dates, may have affected camshafts in some engines of the diesel Thar," M&M said in a regulatory filing. Keeping with the company's stringent quality standards and exercising abundant caution, it has proactively engaged in this limited recall and offered inspection and subsequent rectification, free of cost, the automaker noted. The company said the affected Thar customers will be individually contacted by the company. As an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this ...

Mahindra introduces XUV300 with new petrol automatic transmission

Automaker Mahindra & Mahindra (M&M) on Tuesday said it has launched compact SUV XUV 300 with automatic transmission. The company has introduced Petrol AutoSHIFT, its auto transmission technology, on the top variant of the model, the Mumbai-based automaker said in a statement. The trim will also come equipped with the all-new BlueSense Plus connected technology, it added. M&M further said the electric sunroof on the model will now be offered from mid variant onwards on both manual and automatic versions. "Today, we launch our innovative auto transmission AutoSHIFT on petrol, which uses advanced technology to offer an effortless drive in city drive as well as on the highways. "We also introduce today the BlueSense Plus, our connected SUV technology with 40 plus features, that will seamlessly integrate the XUV300 into the always-connected world of today's consumer," M&M Automotive Division CEO Veejay Nakra said. Bookings for the all-new petrol AutoSHIFT are now open and ..

Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra

Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power

Mahindra Lifespaces to raise number of launches, eyes sales of Rs 2,500 cr

The company's stock has risen 95 per cent since beginning of FY21

Mahindra reports 10% decline in total sales for December

Mahindra & Mahindra (M&M) on Friday reported a 10.3 per cent decline in total sales at 35,187 units in December, 2020. The company had sold 39,230 units in December 2019, M&M said in a statement. In the domestic market, passenger vehicle sales were up 3 per cent to 16,182 units last month, compared to 15,691 units in December 2019. In the commercial vehicles segment, the company sold 16,795 vehicles in the domestic market last month, as against 21,390 units in December 2019, a drop of 21.48 per cent. Exports increased by 3 per cent to 2,210 units in December 2020, as against 2,149 units in the year-ago month. "Our overall sales have been affected due to the continuing supply chain challenges related to the constantly changing global environment, more specifically the supply shortage of micro-processors (semiconductors) used in electronic control units (ECUs)," M&M Chief Executive Officer Automotive Division Veejay Nakra said. Demand continues to remain strong even ...

Mahindra's Korean subsidiary Ssangyong Motor files for bankruptcy

Move comes a week after the troubled automaker defaulted on a loan repayment to JP Morgan

Mahindra Group plans to train another half a million youth in 5 years

The company said it plans to train another five lakh (0.5 million) youth under its various skill training initiatives

Mahindra subsidiary Ssangyong Motor Co misses loan repayment to JP Morgan

The South Korea listed SUV maker that has been battered by the pandemic, has outstanding loans aggregating 100 billion Korean Won (approximately Rs 680 crore)

In pics: Mahindra unveils all-new Thar, price starts at Rs 9.8 lakh

Mahindra & Mahindra launched the all-new version of its sports utility vehicle Thar, price between Rs 9.8 lakh and Rs 13.75 lakh (ex-showroom)

Letter to BS: Nothing wrong in dynastic governance in the corporate world

Roshni Nadar Malhotra has rightfully found her place as the Chairman of HCL with her father as the chief strategist

Mahindra First Choice embarks on expansion, plans to add 30 outlets soon

Company's June volumes to reach 80% of pre-Covid levels, firm plans to have 1,250 dealers by FY21-end as it eyes overall sales of 200,000 units by FY21

Brand values made in India

Whether it is air-conditioners, home appliances, entertainment electronics, and even fast-moving consumer goods, the dominant competitors remain foreign

The AGM: Obituary of a unique Dalal Street tradition

These shareholder-led AGMs are a throwback to the pre-reforms era when the annual meetings served to engage and reassure shareholders and often hit them up for more capital