Page 3 - Mahindra Group

Can the new Thar move bring Mahindra's SUV business on to the fast lane

Analysts say carmaker has to get the pricing right to snatch back volumes in the sport utility vehicle segment

Build systems for space sector growth with private presence: Anand Mahindra

Says global space sector is expected to touch $3.3 trn by 2045, India's share is currently miniscule

We will continue investing in successful biz for the future: Anand Mahindra

The Covid-19 crisis, however, has given us an opportunity to reboot our thinking, to reinvent our approach and to recommit ourselves to our financial goals"

Mahindra resets its playbook for international business ventures

'We will fail faster, if we have to,' says chairman Anand Mahindra as international revenues for most group business ventures grow or dwindle

Further re-rating of M&M depends on UV, capital allocation outcome

Share price jump reflected in current valuation

Amit Raje joins Mahindra Group as EVP for partnerships and alliances

Raje's appointment comes weeks after the Anand Mahindra-led firm announced that it will exit from loss making subsidiaries and entities

These techies built a social media start-up from their college hostel room

A day after Mahindra Group chairman Anand Mahindra committed an investment of $1 mn in social media start-up Hapramp, its creative social media app GoSocial saw unprecedented traffic due to which the

Mahindra reports first quarterly loss in 19 years amid Covid-19 crisis

Net loss stood at Rs 1,761 cr in Q4

Anand Mahindra invests $1 million in social network start-up Hapramp

The firm is working on the biggest social media challenges: user privacy, data security, and fair content monetization.

Defence reforms: Indian manufacturers looking to ride the opportunity

FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus

Lockdown extensions economically disastrous, says Anand Mahindra

While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help.

Big names in Indian philanthropy team up to respond to climate change

Some of the biggest names in Indian philanthropy have teamed up with researchers and more to craft an India-specific response to the climate crisis. Nikita Puri reports on the development

Mahindra Renewables plans $171 mn investment for solar project in Rajasthan

The project will be backed by International Finance Corporation (IFC)

Mahindra group going slow on niche-segment hiring as auto slowdown bites

'Fresh hiring will be limited. If a huge growth comes then we have to do a lot of hiring', the company said

Mahindra Group to check into upscale hotel segment to tap burgeoning demand

Sources said that the proposed diversification from 'vacation ownership' through its Club Mahindra brand will put the firm on a similar turf as that of the Tata Group's Indian Hotels

M&M group net income plunges 78% to Rs 368 crore as demand slide continues

Mahindra & Mahindra on Friday said its consolidated net income plummeted 78.44 percent to Rs 368.43 crore in the quarter to September as the volumes fell sharply even though the automaker could maintain strong margins. On a standalone basis, the company did better with a net income of Rs 1,355 crore, down 23.8 percent, thanks to a relatively better show by the tractor arm. Consolidated revenue stood at Rs 23,935.93 crore, down almost 6 percent from a year ago, of which automotive revenue stood at Rs 12,058.79 crore, down from Rs 14,330.54 crore and farm equipment revenue stood at Rs 5,369.89 crore marginally down from Rs 5,451.20 crore, pulling down it pretax profit by over 13.7 percent to Rs 702 crore. During the quarter, its automotive volume dipped 21 percent to 1,10,824 from 1,41,163 units, while tractor sales stood at 68,359 units, down 6 percent from 73,012 units, while the industry volume plunged 10 percent. Despite this, the company marginally improved its ..

Mahindra Lifespaces eyes half a dozen stressed projects in three cities

MD Sangeeta Prasad said the company would scale up business, take debt selectively and float more platforms

Maharashtra approves Mahindra's Rs 19 bn tourism project in Mumbai suburb

As per the state tourism policy of 2016, an ultra mega project would require a capital investment of Rs 5 billion and to employ 750 people and complete it in 84 months

Mahindra Powerol enters marine engine biz, eyes 10% revenue from segment

Mahindra Powerol, a business unit of $20.7 billion Mahindra Group, has officially forayed into the marine engines business by launching products commercially in Chennai.The company is targeting to capture 30 per cent of the high power engines of 100-300 horsepower in the next 12-24 months. The company is also expecting around 10 per cent of its revenues to come from the marine engine business in next three years, said Sachin Nijhawan, Business Head, Mahindra Powerol.The smaller engines ranging from 50 to 100hp consists of around 20,000 units market, while the above 100 hp is around 2,500-3,000 units market. The higher power engines are priced at around Rs 1,50,000-7,00,000 per engine. The company has engines, ranging from 24hp to 300hp, including 11 variants of Marine Engines and Marine Generators."At present most of the market is unorganised and dominated by the Chinese low price products. However, there are concerns about the lifetime of the vehicle and fuel efficiency and the ...

Mahindra group subsidiaries have put up a stellar show in FY18

Having exited the bleeding businesses like mass two wheelers and retail, the group is now turning to artificial intelligence, virtual reality to enhance efficiency