Defence Ministry Grants Rs 1,349.95 Crore Contract To Mahindra
The Center has handed over a Rs 1,349.95 crore contract to Mahindra and Mahindra's group firm Mahindra Defence Systems Limited (MDS). Under the contract, Mahindra will produce Anti- Submarine Warfare Defence Suite (IADS) for modern warships for the Indian Navy. "This contract once again epitomizes the success of the Atmanirbhar Bharat initiative," MDS Chairman SP Shukla said. Besides, 14 IADS will be supplied for Indian Navy warships by… read-more
Tags: Ministry of defense, Mahindra&Mahindra Ltd., Indian Navy, Anti-Submarine
Courtesy: The Economic Times
Anand Mahindra Launches "Oxygen on Wheels" Initiative For COVID Patients
Anand Mahindra-backed automobile company Mahindra and Mahindra on May 1 launched the "Oxygen on Wheels" initiative with an aim to make oxygen readily available to hospitals and homes in Maharashtra. As part of the initiative, 70 Bolero pickup trucks have delivered 61 jumbo oxygen cylinders to 13 hospitals across Mumbai, Thane, Nashik, and Nagpur so far. Moreover, a direct-to-consumer model is set up to connect oxygen producers with patients… read-more
Tags: Anand Mahindra, Mahindra&Mahindra Ltd., Covid-19, oxygen cylinders, Maharashtra
Courtesy: Times now news
Anish Shah Replaces Pawan Goenka As MD, CEO Of Mahindra & Mahindra
The automotive conglomerate Mahindra and Mahindra directorial board has appointed Anish Shah as Managing Director and Chief Executive Officer. Replacing the outgoing Pawan Goenka from April 2, Shah will be the first MD and CEO in the history of the company to have complete oversight of the company's global operations. Currently the deputy MD, Shah has also shown strong leadership skills in the past as CEO of GE Capital India.
Tags: Anand Mahindra, Anish Shah, Mahindra&Mahindra Ltd., CEO
Courtesy: Business standard
Electric Vehicles To Overtake Fuel-based Vehicles By 2030: Mahindra
Mahindra's Dy-Managing Director Anish Shah hoped that electric vehicles' sale will overtake the sale of conventional fuel vehicles by 2030. However, he said this could not be possible without the government support. Laying stress on technological advancements, Anish also pointed out that it would be difficult for the government to offer subsidy on EVs to rich. He emphasized on the government’s role to facilitate infrastructure, considering… read-more
Tags: Mahindra&Mahindra Ltd., Electric Vehicle, Anish Shah, Automobile
Courtesy: Hindustan Times