Negotiations between Mahindra & Mahindra and Skoda Auto Volkswagen India on a potential 50:50 joint venture appear to have got stuck with the companies unable to arrive at common ground on key matters, said people aware of the ongoing deliberations. “The two companies that have already signed a series of nonbinding memoranda of understanding (MoUs) … Read more
Mahindra & Mahindra on Friday denied report which said that the Indian automaker and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval. The automaker called the Reuters report to be ‘unfounded and said that there … Read more
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce 23 new vehicles by 2030. This ambitious plan includes the launch of nine internal combustion … Read more
Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 … Read more
The increasing popularity of SUVs in the country has made Mahindra & Mahindra one of the biggest gainers in the Indian automotive sector.Just a few years ago, M&M faced challenges with only the previous-generation Scorpio as its flagship product. However, it has since managed to reverse its fortunes and become the top revenue earner in … Read more
Famous Nigerian televangelist, Jerry Eze, will lead a four-day fasting and praying session against deaths in Nollywood. The Actors Guild President, Emeka Rollas, revealed this in a statement on Tuesday. As is widely known, Mr Eze founded Streams of Joy International and convened the New Season Prophetic Prayers and Declaration (NSPPD), an online digital prayer … Read more
Mumbai: BSA, the legendary British motorcycle brand, is set to make deeper inroads in the UK with Mahindra & Mahindra-owned Classic Legends, the brand’s new owner, gearing up to start building a new factory in the UK from the next financial year. These motorcycles will be produced in the UK for the domestic market and … Read more
Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group on components for M&M’s INGLO platform, the company said in a stock exchange filing on Friday. As a part of this agreement, M&M will equip certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells, … Read more
