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Mahindra to acquire 58.96% stake in SML Isuzu for Rs 5.55 billion
M&M would also launch a mandatory open offer for acquisition of up to 26% stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations.Read more
Mahindra unveils EV manufacturing & battery assembly facility in Maharashtra
Mahindra has allocated Rs 45 billion out of the total Rs 160 billion planned in the F22–F27 investment cycle— which includes powertrain development, two product top hats including software & tech and manufacturing capacity.Read more
Mahindra Auto reports a 17% growth in May 2024
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.Read more
Mahindra Research Valley at the forefront of automotive technology
Mahindra Research Valley (MRV), a flagship company of Mahindra Group sealed its leadership with record 210 patents in last 6 quarters. The patents granted is the highest number of patents to any Indian Original Equipment Manufacturer (OEM) during the period. 149 patent applications are just in the Electric Vehicle (EV) space.Read more
Budget 2023: Revving up manufacturing with duty revisions and capex boost
By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more
Hero Electric, Mahindra & Mahindra form partnership for electric mobility
As part of the partnership, Mahindra Group will manufacture Hero Electric’s electric bikes – Optima & NYX at their Pitampur plant. Partnership will also enable electrification of Peugeot Motocycles’ portfolio through platform sharingRead more
Magenta Power partners with Mahindra Susten for solar projects in India
Magenta Power, a pioneer in renewable energy solutions and EV charging infrastructure space in India announces has collaborated with Mahindra Susten, a part of Mahindra Group, to provide diversified services within the renewable energy and clean tech space in India.Read more
Mahindra to invest Rs 500 crore for EV plant in Chakan
Mahindra & Mahindra Ltd (M&M Ltd), a part of the $19 billion Mahindra Group, will make an additional investment at its Chakan plant in Maharashtra.Read more