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M&M Financial Services gets nod to raise Rs10,000 crore
Posted on 29th December 2018
New Delhi: Mahindra & Mahindra Financial Services on Friday said that it has received approval from Registrar of Companies to raise up to Rs10,000 crore through non-convertible debentures.

The company informed stock exchanges that it will issue “secured redeemable non-convertible debentures and/or unsecured subordinated redeemable non-convertible debentures of face value of Rs1,000 each for an amount up to Rupees 10 thousand crores”.

M&M vrooms into SUV mart
Posted on 26th December 2018
The Mumbai-based Mahindra & Mahindra (M&M) is on a launching spree. The auto major, which launched two SUVs in the past few months- Marazzo and Alturas G4, recently unveiled the name of its upcoming sub-4-metre compact SUV, codenamed S201, which will be known as XUV300.

With XUV300, Mahindra and Mahindra eyes 20% share in compact SUVs
Posted on 20th December 2018
Mahindra and Mahindra (M&M) is looking to corner 15-20 per cent market share in the competitive compact SUV segment with its about-to-be-launched offering — the XUV300. It will also launch an electric version of the model in 2020.

Based on the Ssangyong Tivoli platform, the sub-four metre, five-seater model will compete with Ford Ecosport, Suzuki Vitara Brezza and Renault Duster and go on sale in the first half of February. “The XUV500 is a very successful model. The Cheetah-inspired model is really liked by consumers.

Mahindra, SmartE to deploy 1,000 electric three-wheelers in Delhi NCR
Posted on 13th December 2018
New Delhi: Mahindra and Mahindra Ltd’s electric mobility arm, Mahindra Electric Mobility Ltd, on Wednesday signed a memorandum of understanding (MoU) with Goldie Srivastava-led SmartE, one of India’s largest electric vehicle fleet operators. According to the MoU, SmartE will deploy the first 1,000 Mahindra Treo and Treo Yaari electric three-wheelers in Delhi NCR by March 2019, Mahindra said in a statement.

Mahindra starts selling Ford cars in expansion of alliance
Posted on 5th December 2018
New Delhi: Mahindra and Mahindra Ltd has started selling cars of Ford Motor Co. in India as the automakers expand their alliance beyond the joint development of vehicles. For the first time, Mahindra dealers are opening showrooms for Ford cars, especially in regions where the Detroit, US-based automaker does not operate one or the existing dealer has not been able to garner sufficient sales, said two people aware of the development, requesting anonymity.

Mahindra and Mahindra to use SsangYong brand to expand portfolio
Posted on 26th November 2018
JAIPUR | MUMBAI: Mahindra and Mahindra, India’s leading manufacturer of utility vehicles, is leveraging its overseas unit SsangYong to develop new products and expand its portfolio seven years after acquiring the South Korean brand.

The company has set itself a target of selling 9,000 units a month from three all new products planned this financial year,

New flagship SUV: Mahindra to launch Alturas G4 SUV today
Posted on 24th November 2018
Today, Mahindra & Mahindra (M&M), the utility and electric vehicle major, will launch the Alturas G4 SUV in India—which is a vehicle based on SsangYong Rexton (SsangYong is a South Korean automobile manufacturer and a subsidiary of M&M). With the Alturas G4, the company will foray into the Indian premium SUV segment, currently dominated by Toyota Fortuner and Ford Endeavour.

M&M eyes cost cuts to check falling margins
Posted on 22nd November 2018
In its bid to arrest falling operating profit margins, Mahindra and Mahindra (M&M) intends to reduce costs further, VS Parthasarthy, group CFO, told a business news channel recently. M&M reported an operating profit margin of 12.4% for the September quarter, down 150 bps year-on-year. The Ebitda for the quarter stood at Rs 1,605 crore, down 7% .

Mahindra & Mahindra Marazzo to get costlier by up to Rs 40,000 from Jan 1
Posted on 16th November 2018
Mahindra & Mahindra on Friday said it will increase price of its newly launched multi-purpose vehicle (MPV) Marazzo by Rs 30,000 to Rs 40,000 from January 1, 2019.

The Marazzo was launched in September with introductory prices starting at Rs 9,99,000 and going up to Rs 1.39 million, depending on variants.

New car launches don’t add speed to Mahindra profitability
Posted on 15th November 2018
Shares of Mahindra and Mahindra Ltd lost 2.3% on the National Stock Exchange after it reported weaker-than-expected numbers for the September quarter (Q2) on Wednesday. Revenue growth was a tepid 6.6%, reflecting muted volumes. But what caught the Street off guard is a sizeable reduction in profitability of the automobile segment.

Margins from automobiles dropped 2.7 percentage points from a year ago. The rise in raw material costs, introductory pricing for the new vehicle and higher promotional expenses were the reasons.

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