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  • Press Release
    Mahindra Tractors is one of India's most innovative companies

    Mumbai: Mahindra & Mahindra’s Farm Equipment Sector (FES) has featured in the top 10 list of most innovative Indian companies compiled by the Wall Street Journal as part of its survey to determine Asia’s 200 most-admired and innovative companies.*

    24 Jul,2008
  • Press Release
    Mahindra Finance income up by 20% at Rs.299 crores

    Mumbai: Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), a leading player in providing financial services in the rural and semi-urban markets, has registered a growth of 20% in its Income at Rs. 299.43 crores as compared to Rs. 249.61 crores during the same quarter of the previous year. The Profit Before Tax (PBT) grew by 29.8% for the first quarter at Rs.41.87 crores as against Rs 32.26 crores in the same quarter of the previous year.

    23 Jul,2008
  • Press Release
    Mahindra Tractors ahead of global competition:Tops USA dealer association satisfaction survey

    Mumbai: Mahindra USA, the 100 per cent subsidiary of the $ 6.7 billion M&M Group was rated highest in Overall Satisfaction amongst tractor manufacturers in a survey conducted by the North American Equipment Dealers Association (NAEDA) – the apex dealer association in the USA.

    04 Jul,2008
  • Press Release
    Mahindra World City, Jaipur signs MOU with Vamani Overseas to set up a 4 acre campus

    Mahindra World City, Jaipur today signed a Memorandum of Understanding (MoU) with Vamani Overseas to set-up a 4 acre campus in Mahindra World City, Jaipur’s handicraft zone. Vamani Overseas will use this facility to produce handicrafts for global clients. Vamani Overseas is based in the Delhi-NCR region and is the first handicraft company from outside Rajasthan to set up shop in MWC, Jaipur’s handicraft zone. This significant milestone marks the beginning of direct investments in MWC Jaipur’s handicraft zone from other States.

    30 Jun,2008
  • 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
    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 Holidays launches ZEST- signature resort in Puducherry

    Puducherry: Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading leisure hospitality provider offering quality family holidays and a subsidiary of Mahindra Holdings and Finance Ltd, a wholly owned subsidiary of Mahindra & Mahindra Ltd., announced the launch of its ZEST flagship resort - ZEST Big Beach – the biggest resort in Puducherry. The company has invested Rs. 35 crores in the development of this property. Present on the occasion to inaugurate the resort were Union Minister for Tourism, Smt.

    27 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
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