Anand Mahindra

Photo: Telangana Today

Anand Mahindra Appreciates India's Vande Bharat Trains After Successful Speed Trials

Mahindra & Mahindra CEO Anand Mahindra appreciated the recent successful speed trials of the Vande Bharat Train. Manufactured by Integral Coach Factory (ICF), the trains are loaded with more modern features and is a made-in-India initiative. Known for his appreciation for Indian automobiles, Mahindra said, "Love that sound. It’s the sound of India…speeding ahead…  " In Chandigarh, Indian Railways has started the Vande Bharat trains' speed… read-more

Sun, 28 Aug 2022 - 01:05 PM / by Varsha Joshi

Tags: Anand Mahindra, Mahindra & Mahindra, vande bharat trains, Speed Trails, Twitter

Courtesy: Zee News India


Photo: IndianAuto

Mahindra To Sell Its Entire 2.76% Stake In TVS Automobile Solutions Private Limited

Mahindra & Mahindra (M&M) will dispose its entire 2.76 % equity in TVS Automobile Solutions Private Limited (TASL). M&M said the amount for the sale/disposal would be Rs 45 crore. M&M presently owns 3,32,195 equity shares of Rs 10 each and 100 compulsorily convertible preference stocks of Rs 10 each in TASL. Transaction is anticipated to conclude on June 22. M&M's stake in TASL will be nil following the transaction. 

Tue, 31 May 2022 - 01:25 PM / by Vidhi Jhunjhunwala

Tags: Mahindra & Mahindra, TVS, TASL, Stock, Equity shares

Courtesy: Business Standard

Mahindra XUV700

Photo: Deccan Herald

Mahindra Increases Profit By 427% To INR 1,292 Cr For Fiscal Quarter March 2022

Mahindra & Mahindra announced 427% increase in its standalone profit (after exceptional items) to INR 1,292 crore for quarter ending March 2022 on May 28. In previous fiscal quarter, the firm posted PAT of INR 245 crore. As per the corporation, its automotive division has over 170,000 total open reservations, with XUV7OO leading the way with 78,000 open bookings. Board of directors declared a dividend of INR 11.55 per share. 

Sat, 28 May 2022 - 08:50 PM / by Vidhi Jhunjhunwala

Tags: Mahindra & Mahindra, Mahindra XUV700, PROFIT, FISCAL YEAR (3460, Car

Courtesy: Economic Times

Mahindra Cars

Photo: ZigWheels

Mahindra & Mahindra Plans To Up Prices Of Its Models By Up To 3%

Veejay Nakra, the chief executive of Mahindra & Mahindra has revealed that the company is planning to hike the prices of cars by 1.8% to 3%. "We will keep a close watch on how the commodity prices play out" Nakra stated hinting the hike possibly due to increased cost of raw materials including that of steel. Notably, earlier in April also, Mahindra had increased the prices by 1.8%.

Sun, 09 May 2021 - 05:56 PM / by Nikita Thakur

Tags: Mahindra & Mahindra, Cars, Price Hike, Automobile