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Showing Result for Keyword #Global

  • 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
    Punjab Tractors Ltd to merge with Mahindra & Mahindra Ltd

    Mumbai: The Board of Directors of M&M and PTL today unanimously approved a scheme of amalgamation of Punjab Tractors Limited (PTL), an M&M subsidiary, with Mahindra & Mahindra Ltd. Mahindra owns a majority stake in Punjab Tractors Limited and had earlier acquired 63.33% stake in PTL in July 2007. MHFL, a wholly owned subsidiary of M&M, currently holds 1.31% of PTL, and is also in the process of being merged into M&M.

    30 Jul,2008
  • Press Release
    Mahindra sign MOU with Govt.Maharashtra under PPP scheme to upgrade 2 ITIs at Ghodegaon & Manikdoh

    Mumbai: Mahindra & Mahindra Ltd. (M&M), the leader in the Utility Vehicle segment in India, today announced that it will upgrade two Industrial Training Institutes (ITIs) at Ghodegaon and Manikdoh in Maharashtra under the Public Private Partnership (PPP) scheme approved by the Union Government.

    25 Jul,2008
  • 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 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 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
    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
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