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23 days ago
May 01, 2012

Mahindra posts 27 percent growth in sales in April 2012

Indian automaker Mahindra & Mahindra has posted a growth of 27 percent in sales in the month of April 2012 selling 40,719 vehicles in comparison to 32,090 vehicles sold in the same month in 2011. The domestic sales of the company increased by 29 percent to 39,299 vehicles in April 2012 from 30,349 vehicles sold in April 2011. The exports of the...
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27 days ago
Apr 27, 2012

Mahindra to invest Rs 3,000 crore in Uttarakhand

Mahindra & Mahindra (M&M) is considering an investment of Rs 3,000 crore in order to establish a manufacturing facility in the state of Uttarakhand. According to the state government, the Mahindra Group has put forward a proposal for the new project. Mr. Pawan Goenka President (Automotive and Farm Equipment Sectors) M&M met with Mr. Vijay...
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40 days ago
Apr 14, 2012

Mahindra to develop MPV based on Maxximo

Mahindra & Mahindra (M&M) is planning to develop a multi-purpose vehicle (MPV) based on its Maxximo small truck and is currently testing the vehicle for the same at its newly inaugurated Mahindra Research Valley in Chennai. The development of the new MPV would require numerous changes in the Maxximo platform in terms of power and...
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41 days ago
Apr 13, 2012

Mahindra working on hybrid and electric vehicles

Mahindra & Mahindra (M&M) is focusing on its research and development activities with the inauguration of its R&D facility namely Mahindra Research Valley (MRV) in Chennai with an investment of Rs 650 crore. The company plans to venture into new vehicle segments such as SUVs and mini cars where it doesn’t have any presence. The new concepts...
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47 days ago
Apr 07, 2012

Mahindra to find alternative for proposed plant outside Maharashtra

Indian multi-utility vehicle manufacture Mahindra & Mahindra (M&M) has announced its plans to set up a new manufacturing plant outside the state of Maharashtra with an investment of Rs 3,000 – Rs 4,000 crore. The company’s decision to set up the proposed plant out of the state is in response to the new policy announced in the State Budget for...
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85 days ago
Feb 29, 2012

Mahindra to suspend expansion if government levies additional tax on diesel cars

Mahindra & Mahindra (M&M) is waiting on the government’s decision on the proposed additional tax on diesel car in the Union Budget 2012-13 to plan its future investments and capacity expansion. The company expects its sales to plummet in case the tax is imposed since 99 percent of its total volume contributed by diesel powered vehicles such as...
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86 days ago
Feb 28, 2012

Mahindra reiterates its opposition to additional duty on diesel cars

Mahindra & Mahindra (M&M) has restated its opposition to the proposed additional tax on diesel cars in India and has asked the Indian government to refrain from imposing such a tax in the Budget 2012-13. The proposed tax is the result of a report by the Kirit Parikh committee on Energy which stated earlier that the diesel passenger cars contribute...
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100 days ago
Feb 14, 2012

Mahindra XUV500 receives 25,000 plus bookings

Mahindra & Mahindra (M&M) has announced the names of the 7,200 winners of the XUV500 draw which received more 25,000 booking applications in the second round of bookings for the new SUV across various cities in India. The bookings for the new car had been reopened on January 25, 2012 for 10 days till February 3, 2012 and 7,200 people were to be...
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103 days ago
Feb 11, 2012

Mahindra and Bank of India join hands for cars loans

Mahindra & Mahindra has joined hands with Bank of India and signed a memorandum of understanding namely a Preferred Financier agreement with the 106 year old bank. The tie-up includes the terms that the customers of Mahindra & Mahindra may avail various vehicle insurance services and products at any branch of Bank of India across the country. At...
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105 days ago
Feb 09, 2012

Mahindra terms addition tax on diesel cars to be retrograde

Mahindra and Mahindra (M&M) has joined the campaign against the proposed additional tax on diesel cars stating that such an action would be a retrograde one for the Indian automobile industry. Drawing attention to the industry slowdown in 2011 from which various automobile manufacturers are still trying to recover, Mr. Pawan Goenka M&M President...
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