“The Mahindra Pik Up Double Cab is part of our global range of vehicles and has been successfully launched in several markets in South America, including Peru, Chile and Brazil… the Pik Up is well suited for the international market and I am sure that the vehicle’s unique value proposition will also appeal to customers in Paraguay,” M&M International Operations Executive Vice President P N Shah said in a statement. More
Courtesy: www.indiacar.net
Archive for the 'Mahendra&Mahendra' Category
Mahindra launches Pik Up Double Cab in Paraguay
Published May 13th, 2008 in Launches and Mahendra&Mahendra. 0 CommentsGoldman Sachs to pay Rs 700 cr for 3.7% stake in Mahindras
Published May 4th, 2008 in Mahendra&Mahendra. 0 CommentsThe board of M&M, India’s largest utility vehicle major, recently approved raising of additional resources through a private placement to outside investors for the first time in its 62-year history. “This innovative structure is great for Mahindra as not only has it got a good price but also flexibility on the use of funds as it is a rupee-based equity structure,” ED Arun Nanda said.
Read more
Courtesy: economictimes.indiatimes.com
Mahindra & Mahindra enters spares, used-car markets
Published April 28th, 2008 in Mahendra&Mahendra. 0 CommentsCourtesy: indiacar.net
Mahindra setting up service outlets at Rs 250 cr
Published April 28th, 2008 in Mahendra&Mahendra. 0 CommentsThis was announced on Monday at the launch of Mahindra?s new business vertical which consolidates its after-market business, mainly servicing, sale of pre-owned cars and spares business.
The company is planning to launch about 700 multi-brand service outlets under the brand name Mahindra First Choice Services Ltd across the country in 10 years. Read more
Courtesy: indiacar.net
Enhancing its product portfolio in the Latin American market, Mahindra & Mahindra (M&M) launched its sports utility vehicle Scorpio SUV in Chile.
The Scorpio, M&M`s second product to be launched in Chile after the Mahindra Pik Up Double Cab, has been introduced in the country in partnership with Fortaleza of the Automotores Gildemeister Group. More
Courtesy: indiacar.net
M&M eyeing stake in Italian firm Stile Bertone
Published April 25th, 2008 in Mahendra&Mahendra. 0 CommentsMahindra & Mahindra has set sights on Italian automotive style company, Stile Bertone — famed for designing iconic models like the Alfa Romeo, Lamborghini, Aston Martin and Ferrari. The Turin-based car designing and contract manufacturer has been up for sale ever since Nuccio Bertone, son of founder-promoter Giovanni Bertone, passed away in February 1997. More
Courtesy: economictimes.indiatimes.com
Mahindra & Mahindra drives Scorpio to Chile
Published April 23rd, 2008 in Mahendra&Mahendra. 0 CommentsEnhancing its product portfolio in the Latin American market, homegrown auto major Mahindra & Mahindra launched its sports utility vehicle Scorpio SUV in Chile.
The Scorpio, M&M’s second product to be launched in Chile after the Mahindra Pik Up Double Cab, has been introduced in the country in partnership with Fortaleza of the Automotores Gildemeister Group. Read more
Courtesy: economictimes.indiatimes.com
M&M set to buy Belgian gear-maker for $475 mn
Published April 21st, 2008 in Mahendra&Mahendra. 0 CommentsAuto major Mahindra & Mahindra (M&M) is understood to be in an advanced stage of negotiation to acquire Belgium gear-maker VCST. The deal size could be in the range of around euro 300 million ($475 million or Rs 1,900 cr), sources said.
The Indian auto major is doing a negotiated deal with the company. When contacted, Hemant Luthra, president of the automotive component division of M&M, Mahindra Systech, refused to comment. More
Courtesy: economictimes.indiatimes.com
M&M, I-Venture team buys Italian gear maker Metalcastello
Published April 2nd, 2008 in Mahendra&Mahendra. 0 CommentsA consortium of Mahindra & Mahindra (M&M) and ICICI Venture Funds on Tuesday signed a definitive agreement to acquire 100% stake in Italian gear maker Metalcastello. Company officials refused to divulge details of the deal. The acquisition is part of M&M’s larger strategy to consolidate its gear business in the European market. ET first reported the deal on November 6, 2007. Read more
Courtesy: economictimes.indiatimes.com
Mahindra sees double-digit growth in FY09
Published April 2nd, 2008 in Mahendra&Mahendra. 0 CommentsMahindra & Mahindra Ltd, India’s top utility vehicle maker, expects sales to grow at a healthy double-digit pace in the new fiscal year from April, albeit at a slower pace from the previous year, a senior executive said.
Mahindra, which on Monday said it would invest 40 billion rupees ($1 billion) in a new plant in western India, aims to maintain its market share for the Logan sedan that it makes in a venture with Renault, despite competition, he said. Read more
Courtesy: www.indiacar.net
