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  • Press Release
    Mahindra's FirstChoice Wheels plans chain of 300 outlets Pan-India

    Mumbai: Mahindra & Mahindra (M&M), India’s leading automotive major and a diversified global multi-national, today announced that FirstChoice Wheels (the country’s largest chain of multi-brand pre-owned cars), has raised Rs. 80 crore through a private placement and rights issue to unlock value and fuel growth. The funds raised will be used to finance the roll out of FirstChoice’s chain of 300 owned and franchise outlets across the country.

    24 Jun,2008
  • Press Release
    Mahindra & Mahindra acquires controlling stake in Engines Engineering S.r.l/S.p.A

    Mumbai: Mahindra & Mahindra Ltd. (M&M) has today signed an agreement with Engines Engineering S.p.A., agreeing to acquire 100% stake in Engines Engineering S.r.l, the new legal entity which will be formed by transferring the business of Engines Engineering S.p.A. The transaction is subject to receipt of necessary approvals.

    05 Jun,2008
  • Press Release
    Mahindra celebrates World Environment Day

    Mumbai: To commemorate World Environment Day, Mr. Rajeev Dubey, Chairman of the Sustainability Council & President (HR, After-Market and Corporate Services), Mahindra & Mahindra planted a neem sapling at Mahindra Towers, Mumbai. This is part of the Mahindra Group’s initiative, Mahindra Hariyali, which aims to plant a million trees across the country by October 2008. Mr. Dubey also launched the Mahindra Hariyali website which provides information related to this Group-wide initiative.

    05 Jun,2008
  • Press Release
    Mahindra introduces international range of vehicles in Turkey

    Istanbul: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands with a growing global presence, today announced the introduction of the Mahindra Pik Up and the Mahindra Goa in Turkey, in partnership with ILCE Otomotiv Servis ve Ticaret A.S., a group company of the ILCE Group.

    30 May,2008
  • Press Release
    M&M Group Revenues touch USD 6.7 bln in F2008

    Editor’s Synopsis: F2008 M&M Group Consolidated: Revenues for at Rs 26600.1 crores (USD 6.7 bln) up by 37.0% Profit Before Exceptional items & Tax at Rs 2806.5 crores up by 21.0% Net Profit after Minority Interest at Rs 1571.1 crores up by 4.9% Consolidated Basic EPS Rs 65.84 (Rs 63.28 last year) F2008 M&M Stand-alone:

    28 May,2008
  • Press Release
    Mahindra launches Pik Up Double Cab in Paraguay

    Ascuncion: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands with a growing global presence, today announced the launch of the Mahindra Pik Up Double Cab in Paraguay, in partnership with the Rieder Group.

    12 May,2008
  • Press Release
    Mahindra Agribusiness attains No.1 position in grape exports

    Mumbai: Mahindra ShubhLaabh Services Ltd. (MSSL), the Agribusiness initiative of Mahindra & Mahindra Ltd., (M&M) has emerged as the leading exporter of grapes for the current season with a record 282 containers exported to the European Union and the UK. A year ago, MSSL created history by exporting 101 containers of grapes to the E.U. and the UK, making M&M the first corporate entity to cross the century figure for export of grape containers in the 2007 season.

    07 May,2008
  • Press Release
    M&M to raise additional resources through FCDs

    Mumbai: The Board of Directors of Mahindra & Mahindra Limited at its Meeting held on 3rd May, 2008 have approved raising additional resources through issuance of Unsecured Fully and Compulsorily Convertible Debentures to Golboot Holdings Limited, an entity controlled by Goldman Sachs, details whereof are given below and the same intimation has been sent by the Company to the Stock Exchanges. Outcome of Board Meeting of Mahindra & Mahindra Limited held on 3rd May, 2008:

    03 May,2008
  • Press Release
    Bangalore-Mahindra launches the New Bolero Camper DX

    Bangalore: Mahindra & Mahindra Ltd., India’s market leader in utility vehicles today launched the New Bolero Camper DX in Bangalore. The vehicle has been designed keeping in mind customer needs and aspirations in the pick ups category. The Bolero Camper DX caters to the growing segment of customers who want an aspirational multi utility personal pick up vehicle. The Bolero Camper DX is priced at Rs. 5.29 lakhs (ex-showroom, Bangalore).

    28 Apr,2008
  • Press Release
    Mahindra launches new After-Market Business Vertical

    Mumbai: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands, today announced the launch of the After-Market Sector, a new business vertical which will consolidate the entire gamut of its after-market initiatives in the automotive space. This Sector will comprise the following business units:

    28 Apr,2008
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