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Showing Result for Keyword #Business

  • Press Release
    Deming & Japan Quality Medal winner Mahindra Tractors launches its tractor range in Turkey

    Istanbul: Mahindra’s Farm Equipment Sector, one of the world’s top tractor brands and the market leader in India, today 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.

    27 Aug,2008
  • Press Release
    Mahindra Holidays honoured with 'Superbrand' 2008 award

    Mumbai: Mahindra Holidays & Resorts India Limited (MHRIL), a leisure hospitality provider offering innovative holiday brands and part of the Mahindra Group of Companies, was been awarded the 'Business Superbrand 2008' by the Brand Council of India at a glittering function held in New Delhi yesterday.

    21 Aug,2008
  • Press Release
    Mahindra launches first Samriddhi Centre in Gujarat

    Jamnagar: Mahindra’s Farm Equipment Sector (FES), one of the world’s top tractor brands and the market leader in India, today launched its first Samriddhi Centre for farmers in Jamnagar, Gujarat. Samriddhi Centres have been specially set up by Mahindra to help farmers boost crop productivity and thereby enhance rural prosperity.

    21 Aug,2008
  • Press Release
    Mahindra Renault launches the Logan in Nepal

    Mumbai: Mahindra Renault Pvt. Ltd. (MRPL), a Joint Venture between Mahindra & Mahindra Ltd. (M&M) and Renault SA of France launched the Logan passenger car in Nepal. Agni Incorporated Pvt. Ltd., the current distributor of Mahindra vehicles in Nepal, will be the local distributor for the Logan. Customers will be able to purchase two variants of the Logan, the 1.4 GLE Petrol and the 1.5 DLS Diesel initially and other variants subsequently.

    20 Aug,2008
  • Press Release
    M&M acquires majority 3rd largest tractor company in China,forms JV with Yancheng Tractor Company

    Mumbai: Mahindra’s Farm Equipment Sector, one of the world’s top tractor brands and the market leader in India, today signed an agreement to form a Joint Venture (JV) in China with Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd. (Yancheng Tractor), a leading Chinese tractor manufacturer. The tractor related assets & current liabilities of Yancheng Tractors will be transferred to this JV. The value of net assets transferred to this JV will be RMB 335 million (USD 50 million approx.). Mahindra will hold 51 per cent (outlay approx.

    18 Aug,2008
  • Press Release
    Nalin Mehta appointed Chief Executive Officer of Mahindra Renault Pvt Ltd

    Mumbai: Mahindra Renault Pvt. Ltd. (MRPL), a joint venture between Mahindra & Mahindra and Renault S.A. of France, today announced the appointment of Mr. Nalin Mehta as Chief Executive Officer. Mr. Mehta will join the board of MRPL. Mr. Mehta will assume responsibility from Mr. Rajesh Jejurikar who will step down as Managing Director of MRPL from October 1, 2008. Mr. Jejurikar will, however, continue on the board of MRPL.

    05 Aug,2008
  • Press Release
    Mahindra Group Consolidated Net Profit up by 36.7%

    Mumbai: Mahindra and Mahindra Limited today announced the unaudited financial results of the consolidated Mahindra Group for the first quarter ended 30th June 2008.

    01 Aug,2008
  • Press Release
    Mahindra & Mahindra to enter the two-wheeler industry

    Mumbai: Mahindra & Mahindra Ltd. (M&M), one of India's leading automotive companies, today announced that its Board of Directors has approved the acquisition of business assets of Pune-based Kinetic Motor Company Ltd. (KMCL). The acquisition will be done through a New Company to be formed. (New Co.). The consideration for the acquisition is a sum of Rs. 110 crores (subject to closing due diligence) plus 20 percent stake to KMCL in the New Co. M&M will hold the balance 80 per cent of the equity.

    30 Jul,2008
  • Press Release
    M&M Q1 gross revenues up by 26%

    Mumbai: The Board of Directors of Mahindra and Mahindra Limited today announced the unaudited financial results for the first quarter ended 30th June 2008 for the company and for the consolidated Mahindra Group.

    30 Jul,2008
  • Press Release
    Mahindra Lifespaces Q1 Total Income up 14% at Rs 53.96 crores

    Mumbai: Mahindra Lifespace Developers Ltd. (MLDL) the real estate and infrastructure development arm of the Mahindra Group today registered a 14% rise in its total income at Rs 53.96 crores in Q1 FY09 as against Rs 47.41 crores in Q1 FY08.

    28 Jul,2008
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