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  • Press Release
    Mahindra partners with State Bank of India,Bihar & Jharkhand for financing of Scorpio & Logan

    Patna: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands, has announced a tie-up with the State Bank of India (SBI) in Bihar and Jharkhand for financing of the Logan and Scorpio. This is a landmark agreement as it brings together the market leader in premium utility vehicles and one of India’s largest banks with a vast network of 1600 branches across both states.

    11 Sep,2008
  • 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 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
    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
    Senior appointments at Mahindra's Automotive Sector

    Mumbai: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto companies, today announced the appointment of Mr. Rajesh Jejurikar as Chief of Operations, Automotive Sector and Mr. Rajan Wadhera as Chief of Engineering and Development, Automotive Sector. Mr. Louis Pereira has been appointed CEO of Mahindra Automotive Limited (MAL). All appointments are effective from August 1, 2008.

    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
    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
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