DriveInside.com | Tuesday September 2, 2008
Indian car maker, Mahindra & Mahindra Ltd sold 19,211 units in August 2008 as compared to 18,269 units in the same period last year registering growth of 5 per cent.
The company exported 890 units in August 2008 as against 831 units in the same period last year.
Mahindra sold 18,321 units in August 2008 as against 17,438 units in the same Read More...
DriveInside.com | Tuesday September 2, 2008
The slump in car sales mainly came from rising inflation and interest rates coupled with high fuel prices which continued to dissuade customers from any fresh purchases.
India’s biggest carmaker Maruti Suzuki India reported a 9.2% decline in sales to 59,908 units in August from 65,968 units in the same month last year. The domestic sales dipped Read More...
DriveInside.com | Thursday August 28, 2008
Mahindra’s Farm Equipment Sector, the market leader in India, launched its international range of tractors in Turkey, in partnership with ILCE Otomotiv Servis ve Ticaret A.S., a group company of the ILCE Group. The latter is also the distributor for the Mahindra Goa and Pik Up range in Turkey.
The company has introduced its 55 HP, 60 HP and 65 Read More...
DriveInside.com | Tuesday August 26, 2008
Second time in a row, Skoda Auto India topped the customer satisfaction survey in JD Power Asia Pacific 2008 India Sales Satisfaction Index (SSI) study.
The study, in its 9th year, surveyed 5,416 new passenger car owners in 20 Indian cities having ownership tenure of two to six months. Forty-one different passenger car brands were assessed in the Read More...
DriveInside.com | Monday August 18, 2008
Mahindra & Mahindra said that it is not pursuing the famous Hummer from General Motors. The Indian utility vehicle major also said it was in dialogue with Chrysler to sort out a dispute over the grill design of its SUV Scorpio.
Speaking to the press, Mr. Anand Mahindra, Vice-Chairman of Mahindra & Mahindra said that they are not pursuing Read More...
DriveInside.com | Sunday August 17, 2008
Mahindra & Mahindra group's non- banking finance firm, M&M Financial Services, plans to increase lending rates by 0.50 per cent within next one month following RBI's tight monetary policies that has made home and auto loans expensive.
According to Mr. Ramesh G Iyer, Managing Director, M&M Financial Services although they had not increased the Read More...
DriveInside.com | Thursday August 14, 2008
India’s utility vehicle maker, Mahindra & Mahindra has won the All India Award for Export Excellence instituted by the Engineering Export Promotion Council. Mahindra’s Automotive Sector has been crowned Star Performer for the year 2006-07.
The Award was received by Mr. P. N. Shah, Executive Vice President, International Operations, Automotive Read More...
Related Stories: None
DriveInside.com | Wednesday August 6, 2008
Mahindra & Mahindra announced key appointments at the top management level. Mr. Rajesh Jejurikar has been appointed chief of operations, Mr. Rajan Wadhera chief of engineering and development, while Mr. Louis Pereira will take over as the CEO of Mahindra Automotive Ltd.
All appointments are effective from August 1, 2008.
Meanwhile, Mr. Nalin Read More...
DriveInside.com | Saturday August 2, 2008
India’s top three car makers - Maruti Suzuki, Hyundai and Tata Motors reported a decline in domestic sales in July 2008 as compared to July 2007 while Skoda and General Motors grew during the same period.
Maruti Suzuki India's July domestic sales stood at 52,911 units against 52,839 units in the same month a year-ago, up by 0.1 per cent.
Tata Read More...
DriveInside.com | Saturday August 2, 2008
Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $6.7 billion Mahindra Group sold a total of 18407 vehicles (Domestic + Exports) in July 2008, as against 19163 vehicles (Domestic + Exports) sold in July 2007.
The company exported 1105 units in July 2008, as against 627 units exported in July 2007.
M&M’s domestic volumes for the month of Read More...
DriveInside.com | Thursday July 31, 2008
Mahindra & Mahindra (M&M) and Kinetic Motors will form JV – Mahindra Kinetic Ltd. for manufacturing two-wheelers. M&M will hold 80 percent while Kinetic will hold 20 percent in the venture.
The venture will pave the way for Mahindra to enter into the two-wheeler business. Kinetic offers a full product portfolio ranging from mopeds to scooters Read More...
DriveInside.com | Friday July 18, 2008
India's SUV manufacturer, Mahindra & Mahindra said it will introduce the CNG version of its SUV Scorpio and also plans to launch electric vehicles.
During the launch of the CNG pick up, Mr, Vivek Nayer, VP (Marketing, Automotive Sector), Mahindra & Mahindra said that the company would also introduce eco-friendly passenger vehicles as the Read More...
DriveInside.com | Thursday July 17, 2008
Mahindra & Mahindra Ltd. (M&M Ltd.), market leader in the Large Pickup category, unveiled the environment friendly Bolero Pik-Up Flatbed CNG. This is the first CNG Large Pickup model to be introduced in India and is priced at Rs. 5.42 lacs ex showroom Delhi.
“In the recent past we have successfully launched the Alfa Cargo CNG in the small 3 Read More...
DriveInside.com | Wednesday July 2, 2008
Car maker Mahindra & Mahindra Ltd. (M&M) sold a total of 19,371 units (including exports) in June 2008, as against 17,807 units sold in June 2007.
The company exported 1192 units in June 2008, as against 1002 units exported in June 2007.
In June this year M&M sold 12,662 units of its utility vehicles Scorpio, Bolero and sedan Logan as Read More...
Related Stories: None
DriveInside.com | Monday June 30, 2008
Indian SUV and tractor manufacturer Mahindra & Mahindra`s (M&M) used car business FirstChoice Wheels is planning to invest Rs 2 billion in the next five years for its expansion.
Mr. Vinay Sanghi, CEO of First Choice Wheels said that as of now they are looking at debt and internal accruals apart from the recently raised fund to finance their Read More...
DriveInside.com | Friday June 13, 2008
The government has imposed an additional excise duty of about Rs. 15,000-20,000 as a specific levy on large cars, MUVs (multi-utility vehicles) and SUVs (sports utility vehicles) produced in India. Excise duty on cars of engine capacity exceeding 1500cc and upto 1,999cc has been increased by Rs 15,000 per unit. Similarly, vehicles having engine Read More...
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DriveInside.com | Wednesday June 4, 2008
Indian car makers saw an increase in the sales of May 2008 as compared to May 2007 despite rising interest rates and anticipated rise in fuel prices.
India’s biggest car manufacturer, Maruti Suzuki saw a rise of 15% in domestic sales to 64,143 units as compared to 55,952 units in May 2007. India’s biggest car exporter, Hyundai recorded a sales Read More...
DriveInside.com | Monday May 12, 2008
Mahindra & Mahindra Ltd. one of India’s leading auto companies, announced an upward revision in prices of its vehicles in the range of 1.5 – 2.5 % (Rs:3,450-Rs:21,000). This has been necessitated by a significant increase in input costs.
The increase in prices will be effective from May 19, 2008. Read More...
DriveInside.com | Saturday May 3, 2008
Indian auto major Mahindra & Mahindra sold 19,392 units in the domestic market in April against 12,235 the same time period last year. Mahindra sells its SUV Bolero and Scorpio in India.
The company announced that sales, including exports, grew by an approximate 56 per cent in April with total sales of 20,030 vehicles.
The company’s joint Read More...
DriveInside.com | Thursday April 24, 2008
Indian car manufacturer Mahindra & Mahindra announced the launch of its SUV Mahindra Scorpio in Chile in partnership with Fortaleza, a part of the Automotores Gildemeister group.
Mahindra has already launched its Mahindra Pik Up Double Cab in Chile in July last year.
Mahindra now has presence in Chile and Peru in South America, Brazil and Read More...
DriveInside.com | Saturday April 19, 2008
Following the increase in the cost of raw materials, various car manufacturers are likely to increase the car prices from the range of Rs 4,000 to Rs 16,000.
The Prices of essential commodities like steel, copper, alloys, pig iron, coke, ferro manganese, ferro alloys, and rubber, crude oil have risen by 30-70 per cent in the past few Read More...
DriveInside.com | Wednesday April 9, 2008
Mahindra & Mahindra recorded sales of 50000 its sports utility vehicle (SUV), Bolero, 2007-2008.
The Bolero is the first brand in the SUV segment to cross 50,000 units in one year and is also the country's leading SUV brand for two years in a row.
Mahindra also sells another SUV Scorpio and Logan from its tie up with Renault. Read More...