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faizan khan
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Fri Jan 11, 2019 4:13 pm
13 July 2017, M&M announced the launch of the Jeeto Minivan, its stylish and comfortable passenger carrier developed on the successful Jeeto platform. On 29 July 2017, M&M announced its entry into two new businesses in the Kingdom of Bhutan with the debut of Truck & Bus, and Construction Equipment businesses. The company will set up these two new businesses in partnership with M/s Singye Agencies, its long-standing partner in Bhutan for more than 25 years.
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faizan khan
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Fri Jan 11, 2019 4:13 pm
24 August 2017, M&M's wholly-owned subsidiary Mahindra Agri Solutions Limited (MASL) announced the launch of an advanced insecticide under the brand name Tromph. The molecule belongs to 3rd Generation technology and is a leading solution for key pests across the world.
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faizan khan
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Fri Jan 11, 2019 4:13 pm
M&M showcased a full range of its mobility solutions - from 2 wheelers and personal vehicles to small, medium and heavy commercial vehicles, buses and a range of construction equipment at the 11th edition of Nepal Automobile Dealers' Association (NADA) Auto Show 2016 in Kathmandu from 29 August 2017 to 3 September 2016.
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faizan khan
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Fri Jan 11, 2019 4:13 pm
8 September 2017, M&M announced the launch of the e-Alfa Mini, its zero emission, all new electric rickshaw for passenger movement. The vehicle was priced at Rs 1.12 lacs (ex-showroom Delhi).
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faizan khan
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Fri Jan 11, 2019 4:14 pm
19 September 2017, M&M announced the national launch of its new electric CitySmart car, the e2oPlus' in Nepal. On the same day, M&M's farm equipment division showcased its first ever driverless tractor developed at Mahindra Research Valley in Chennai. At that time, M&M said it would commercially launch driverless tractors from early 2018 in a phased manner.
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faizan khan
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Fri Jan 11, 2019 4:14 pm
20 September 2017, M&M announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. Erkunt clocked revenue of USD 88 million for calendar year 2016 and it sold around 4,700 tractors during that period. M&M will also acquire a foundry unit, Erkunt Sanayi A.S., which is a full service provider, from castings to machining. The foundry unit had revenue of USD 47 million during 2016
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faizan khan
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Fri Jan 11, 2019 4:14 pm
22 September 2017, M&M announced the launch of its first assembly plant in Sonargaon, near Dhaka in Bangladesh. The company has set up its CKD (completely knocked down) assembly plant, in partnership with Rangs Motors Ltd.
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faizan khan
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Fri Jan 11, 2019 4:14 pm
25 September 2017, M&M announced the launch of the luxurious high-end T10' variant of its SUV TUV300. On 28 September 2017, M&M announced its plan to deliver 50 units of the eSupro Passenger van to the Himachal Road Transport Corporation (HRTC). As part of HRTC's Ride with Pride' initiative, the battery powered, all electric, zero emission Mahindra eSupro passenger vans will be used for public transportation in the state of Himachal Pradesh.
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faizan khan
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Fri Jan 11, 2019 4:15 pm
3 October 2017, M&M's construction equipment division announced its foray into the road construction segment with the launch of its first Motor Grader - the Mahindra RoadMaster G75.
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faizan khan
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Fri Jan 11, 2019 4:15 pm
M&M's automotive division announced the launch of 6 variants of its sports utility vehicle (SUV) Scorpio with higher power and torque, new 6-speed transmission, enhanced performance, imposing styling and luxurious comfort. It was priced at Rs 9.97 lakh (ex-showroom Delhi, for S3 variant).
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faizan khan
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Fri Jan 11, 2019 4:15 pm
M&M announced a licencing agreement with the Dewulf group for manufacture and marketing of potato planting equipment in India. Under the aegis of this agreement, M&M will work with the Dewulf Group to bring its potato planting technology to the Indian market. Dewulf is the world's foremost full-liner in potato and root crop machinery
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faizan khan
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Fri Jan 11, 2019 4:15 pm
M&M announced the launch of the all new automatic version of the New Age XUV500 in Dubai in two variants, namely the W8 FWD and the W10 AWD. On 20 November 2017, M&M announced the opening of a new North American headquarters and manufacturing operation in Metro Detroit, the first such new OEM facility in Southeast Michigan in over 25 years. M&M will manufacture new off-highway vehicles at the new facility.
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faizan khan
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Fri Jan 11, 2019 4:15 pm
M&M announced that it will collaborate with Uber, the global transportation technology company, to explore the deployment of electric vehicles (EVs) on the Uber platform in several cities across India. M&M's electric vehicles on the Uber platform will include the e2oPlus hatch and the eVerito sedan.
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faizan khan
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Fri Jan 11, 2019 4:15 pm
M&M announced the introduction of petrol variant of its premium SUV, the XUV500 priced at Rs 15.49 lacs (ex-showroom Delhi). On 14 December 2017, M&M announced that it plans to increase prices of its passenger and commercial vehicles by up to 3% with effect from 1 January 2018. The price hike is due to increase in commodity prices, M&M said.
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faizan khan
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Fri Jan 11, 2019 4:16 pm
M&M's Farm Equipment unit announced the acquisition of a 26% equity stake in M.I.T.R.A. Agro Equipments Pvt Ltd (MITRA), a Maharashtra-based AgTech company which designs and manufactures proprietary sprayers for horticulture crops. M&M will acquire 26% equity stake in MITRA through a fresh infusion of capital into the company.
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faizan khan
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Fri Jan 11, 2019 4:16 pm
As a part of a series of initiatives under its digital transformation strategy, M&M on 31 January 2018 announced an industry first initiative in the automotive retail space with the launch of its 'Bring the Showroom Home', a portable, mobile based, interactive Virtual Reality experience
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faizan khan
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Fri Jan 11, 2019 4:16 pm
Mahindra First Choice Wheels (MFCWL), a diversified used vehicle automotive services provider, announced that it has raised a new round of $15 million (Rs 100 crore). The entire investment is in the form of primary capital and will be used to fund its growth over the next 18 months and values the company at $250 million pre money and $265 million post money.
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