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Worst not yet over for carmakers, says Mahindra and Mahindra’s Pawan Goenka
Posted on 15th July 2019
The complete collapse in automobile sales has left many perplexed, with volumes expected to clock a modest 3-5% growth in the new fiscal. In the first three months of the financial year, passenger vehicle sales declined by 18.42%.

While several factors have come together to contribute to the sharp decline in sales, Mahindra & Mahindra managing director Pawan Goenka is of the view that it is hard to point to any one reason that can possibly explain the industry’s worst show in 18 years.

M&M to hike passenger vehicles prices by up to Rs 36,000 from July
Posted on 20th June 2019
Mahindra & Mahindra (M&M) will increase the prices of its passenger vehicles (PVs) by up to Rs 36,000, effective July 1, on account of new safety features provided to comply with the automotive industry standard (AIS) 145 norms.

As per the AIS 145 norms, cars will have to be equipped with safety features, including overspeed alert, seat belt warning, airbags, speed warning and reverse parking assist.

M&M to hike price of its range of personal vehicles by up to Rs 36,000 from July 1
Posted on 19th June 2019
New Delhi: Auto major Mahindra & Mahindra (M&M) on Wednesday said it will hike price of its range of personal vehicles by up to Rs 36,000 across models with effect from July 1.

"This price increase is due to the implementation of AIS 145 safety norms across all passenger vehicles in India," the company said in a BSE filing.

Two to tango: Mahindra, Ford to joinly develop 9 SUVs
Posted on 17th June 2019
Mahindra & Mahindra (M&M) and Ford India will jointly develop nine sports utility vehicles (SUVs) starting 2020, with a combined investment of over $600 million (`4,300 crore approx), people aware of the development said.

While six models, including compact and large size SUVs, will be shared by both the companies under a rebadging format, three will be made exclusively for Ford, which will be used by the company in both India and export markets.

Mahindra to observe no production days at plants for up to 13 days this quarter
Posted on 8th June 2019
Homegrown auto major Mahindra & Mahindra (M&M) on Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing.

M&M ready to launch BS-VI compliant vehicles next year
Posted on 4th June 2019
MUMBAI: Mahindra and Mahindra is ready to roll out its Bharat Stage VI or BS-VI emission norm compliant diesel vehicles next year and its petrol range over the next two-three months.

The Mumbai-based automaker alone has invested over Rs 1,000 crore in developing its product range to conform to BS VI norms, apart from big investments also from its component suppliers.

M&M to invest Rs 18,000 cr in three years
Posted on 30th May 2019
Mahindra & Mahindra (M&M), which on Wednesday reported a 19.85% decline in its standalone profit after tax (PAT) to Rs 848.81 crore for the fourth quarter, has earmarked an investment of around Rs 18,000 crore for the next three years. This includes Rs 12,000 crore in capital expenditure and another Rs 6,000 crore in investment towards product development and newer technologies, among others.

Mahindra arm’s Chennai cluster to see Rs 3500 crore investment
Posted on 27th April 2019
Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of $20.7 billion Mahindra Group, is expecting an investment of Rs 3,000 crore to Rs 3500 crore from the incoming companies at its just-inaugurated industrial cluster christened ORIGINS in Chennai, when its first phase gets completed with full capacity utilisation.

Mahindra to deploy 50 electric vehicles on Uber's platform in Hyderabad
Posted on 25th April 2019
Indian automobile company Mahindra & Mahindra on Thursday announced the deployment of its electric vehicles (EV) on global ride-sharing platform Uber in Hyderabad. Earlier, Mahindra had announced its strategic collaboration with Uber, to explore the deployment of EVs on its platform in several cities across India.

The two companies will be deploying 50 EVs, which include both e2O hatchback and e-Verito sedan models, in a tie-up with taxi partners such as eee-Taxi to begin with in Hyderabad.

Mahindra, Ford to co-develop mid-sized SUV for India, emerging markets
Posted on 18th April 2019
Mahindra & Mahindra (M&M) and Ford Motor Company on Thursday said they have signed a definitive agreement to co-develop a mid-sized SUV for India and other emerging markets.

The new agreement reinforces the steady progress made since the announcement of a strategic alliance between the two companies in September 2017, followed by an announcement on powertrain sharing and connected car solutions in October 2018.

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