DriveInside.com | Sunday February 28, 2010
Mahindra & Mahindra is planning to launch 9 new vehicle models across the various segments it operates in, including two-wheelers, by March 2011. Mr Pawan Goenka, the President of the company’s automotive sector, said that the new models will include the electric version of the Maxximo, which was showcased at the Delhi Auto Expo in January. Read More...
DriveInside.com | Saturday February 27, 2010
A number of auto companies in the country have hiked car prices following the announcement of Budget 2010-11 last week, which increased the excise duty on all non-oil products from 8 percent to 10 percent. The excise duty on bigger cars, which stood at 20 percent earlier, has also gone up to 22 percent. The companies that have announced definitive Read More...
DriveInside.com | Saturday February 13, 2010
Leading utility-vehicle manufacturer, Mahindra & Mahindra, is all set to expand its multi-brand car service business. At present, the company has 7 multi-brand service outlets in India. It plans to increase the number to 450 in the next 3-4 years. The automobile service business in India is dominated by unorganized service centres, in spite of Read More...
DriveInside.com | Thursday February 4, 2010
Mahindra & Mahindra launched its new light-truck, the Maxximo, in Mumbai this week. The Maxximo is priced at Rs 2.79 lakh (ex-showroom, Navi Mumbai), and complies with the Bharat Stage III emission norms. It will compete directly with the current leader in the light-truck segment, Tata Motors’ Ace, which is priced at Rs 2.78 lakh and complies with Read More...
DriveInside.com | Monday February 1, 2010
Auto company Mahindra & Mahindra announced this week that it would launch 6-7 new variants of its existing vehicles in FY 2010-11. The new variants will cover all the segments the company operates in, including utility vehicles, commercial vehicles and three-wheelers, said M&M President (Automotive), Mr Pawan Goenka. In addition, the company will Read More...
DriveInside.com | Tuesday January 19, 2010
Maruti Suzuki last week increased the prices of all its models except the Eeco, the petrol Swift and the Gypsy. The hike ranges from 0.12 per cent in the Ritz VDi to to 1.9 per cent in the DZire LXi. The Maruti Estilo, launched in August 2009, is costlier by Rs 1,243 to Rs 2,486. The company said that while it had absorbed increased input costs in Read More...
DriveInside.com | Monday January 11, 2010
Auto company Mahindra & Mahindra announced last week that it will be launching a premium SUV in the country by the end of FY 2010-11. M&M President, Mr Pawan Goenka, said that the company is investing Rs 700 crore in the development of the new product, which will be positioned above the Scorpio. It will be manufactured at M&M’s new plant in Read More...
DriveInside.com | Saturday January 2, 2010
Passenger vehicle sales in India continued to grow at double-digit rates in December 2009 on the back of government stimulus, easy car loans and a spate of attractive offers by car companies. Maruti Suzuki’s passenger car sales were up from 52,029 units in December 2008 to 71,000 units in December 2009 – an increase of 36.5 per cent. Tata Motors Read More...
DriveInside.com | Wednesday December 30, 2009
Auto company Mahindra & Mahindra will launch its next-generation mini-truck, the ‘Maxximo’, at the Delhi Auto Expo to be held in January 2010. Dr. Pawan Goenka, President, Automotive Sector, Mahindra & Mahindra, said at a press meet this week that the Maxximo has been developed on the basis of ‘extensive customer feedback’ and will roll out from Read More...
DriveInside.com | Thursday December 24, 2009
Mahindra & Mahindra last week launched the Xylo D2, priced at Rs 6.3 lakh (ex-showroom, Delhi). Equipped with a new 2.5 litre mDI CRDe engine, this latest variant of the Xylo gives a fuel efficiency of 13 km/litre. It boasts of decreased emissions and lower NVH levels, and comes in three colours – gold shimmer, mist silver and fiery black. Mr Read More...
DriveInside.com | Tuesday December 22, 2009
Indian auto company Mahindra & Mahindra will be investing $40 million in Yancheng, China, to establish an R&D unit and modernize engine manufacturing facilities, along with its partner Jiangu Yueda Yancheng Tractor Manufacturing Company. M&M has a 51 per cent stake in the joint venture, Mahindra Yueda (Yancheng) Tractor Company (MYYTC), signed in Read More...
DriveInside.com | Thursday December 17, 2009
Tata Motors and Mahindra and Mahindra are reportedly in talks with Italian car company Fiat to take over its manufacturing facility in Termini Imerese, Italy. The Imerese plant manufactures a three-door hatchback, the Lancia Ypsilon, and has a daily production capacity of 400 units. Fiat’s Chief Executive, Mr Sergio Marchionne, had said last week Read More...
DriveInside.com | Wednesday December 2, 2009
Mahindra & Mahindra (M&M) is planning to launch a new low-cost tractor in India for small farmers. Expected to be priced at approximately Rs 150,000, the tractor will be introduced in 2011. Mr Anjanikumar Choudhuri, president of M&M’s farm equipment business, said that the company hoped to sell 25,000 units of the vehicle annually, within four Read More...
DriveInside.com | Tuesday November 24, 2009
Mahindra & Mahindra may soon increase the prices of its vehicles if input costs continue to grow. Mr Pawan Goenka, the President of M&M’s Automotive Division, said that the company would try to absorb the input costs and not hike prices in the third quarter, but that it would have to do it later if the rise in input costs was as high as last Read More...
DriveInside.com | Monday November 9, 2009
Mahindra & Mahindra has decided to reorganise its top-level management to bring its automobile and farm equipment businesses closer. Mr Anjani Kumar Chaudhuri, the head of M&M’s farm equipment department, is due to retire in early 2010. After his retirement, the company’s auto and tractor businesses will both be headed by Mr Pawan Goenka, who Read More...
DriveInside.com | Wednesday November 4, 2009
In marked contrast to last month’s Tokyo Motor Show, the Delhi Auto Expo to be held in January 2010 is attracting automakers from all over the world. Media reports say that though there are still two months left for the Expo, the venue – Pragathi Maidan - is already fully booked. The Auto Expo will begin on January 5, and will go on for a week. Read More...
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DriveInside.com | Tuesday November 3, 2009
Less than a week after the launch of the Gio, Mahindra & Mahindra is already considering introducing a passenger variant of the vehicle. The 0.5 tonne truck is priced at Rs 1.65 lakh, and creates a new segment between three-wheelers and light trucks. M&M now wants to bring out new variants based on the Gio’s platform, including a passenger Read More...
DriveInside.com | Tuesday November 3, 2009
Festival discounts and new car launches continued to provide an upward thrust to auto sales in October 2009. Market leader Maruti Suzuki saw a 21 per cent increase in domestic sales, and a whopping 158.5 per cent increase in exports. The company sold a total of 71,551 units in India in October 2009, compared to 59,127 units in October 2008. Read More...
DriveInside.com | Thursday October 29, 2009
Automaker Mahindra & Mahindra (M&M) this week launched a new compact truck, the Mahindra Gio. The Gio, priced between Rs 1.65 lakh and Rs 1.68 lakh, is India’s first four-wheel, half-a-tonne compact truck. It is powered by a 9.1 hp engine, and boasts of a fuel efficiency of 27 km/litre. The vehicle is manufactured at M&M’s Haridwar plant, where Read More...
DriveInside.com | Wednesday October 28, 2009
According to the ‘JD Power Asia Pacific 2009 India Customer Service Index (CSI) Study’, Maruti Suzuki continues to top the list of Indian auto companies in customer service, even in the face of increasing competition. This is for the tenth consecutive year that Maruti has topped the list, with a score of 824 on 1000. Honda Siel comes second with Read More...
DriveInside.com | Thursday October 22, 2009
Following speculations about the instability of its tie-up with Mahindra & Mahindra, French automaker Renault has further hinted that the Mahindra-Renault joint venture may be on the verge of ending. Renault’s President and CEO, Mr Carlos Ghosn, said at the Tokyo Motor Show that if things did not work out, the company would bring a second product Read More...
DriveInside.com | Friday October 2, 2009
Auto sales in India continued to rise in September 2009, on the back of low interest rates on auto loans, the revival of the economy and the beginning of the festival season. Several auto companies in the country are hoping to maintain the upward surge in the coming months. Maruti Suzuki, the biggest passenger car company in India, sold a total of Read More...
DriveInside.com | Thursday October 1, 2009
The Global Automotive Leader at Ernst & Young, Mr Mike Hanley, said during a recent visit to India that this is the perfect time for Indian auto companies to enter the US. He said that the expansion can take place in two ways. The first is to acquire US based companies, and the second to enter the US market organically. The market for small, Read More...
DriveInside.com | Tuesday September 15, 2009
Auto company Mahindra and Mahindra (M&M) is building an all-new SUV, expected to be launched by the end of financial year 2010-11. The new vehicle is being designed as a global product, and will be positioned above the Mahindra Scorpio. The Scorpio too was developed indigenously by M&M. The company is investing Rs 700-800 crore to build the new Read More...
DriveInside.com | Friday September 11, 2009
Auto company Mahindra and Mahindra’s two-wheeler unit, Mahindra Two-Wheelers, launched two new scooters last week. The Mahindra Rodeo, priced at Rs 41,299 and the Mahindra Duro, priced at Rs 38,299 (ex-showroom, Pune), will be available at Mahindra Two-Wheeler showrooms across the country starting from this week. The two products are the first Read More...