List of articles tagged: Mahindra and Mahindra

Mahindra & Mahindra Ltd. (M&M) today announced that it will open the second phase of  bookings for the hugely successful XUV500, for a limited period of 10 days only, starting 25th January 2012. The bookings for the XUV500 will now extend to 19 cities in India, namely  Mumbai, Delhi, Chennai, Bangalore, Pune, Hyderabad, Kolkata, Ahmedabad, Chandigarh / Panchkula, Ludhiana, Jallandhar, Patiala, Kochi, Trivandrum, Calicut, Trissur, Coimbatore, Nagpur and Nashik. 

Mahindra & Mahindra Ltd. announced that it would be raising the price of the XUV5OO from 1st January 2012 . This price rise has been necessitated as the launch price was an introductory invitation price and there has also been a considerable impact of increase in raw material costs and the rupee depreciation with respect to Dollar & Euro.

The growing inflation, the depreciating rupee has impacted the automotive industry and most of the automakers in India have announced the price increment from January 2012.

Mahindra and Mahindra has unveiled the XUV500, which was codenamed as the W201. We had predicted the launch to be around Navratri and today is the first day of Navratri. Today we bring to you the first images of this SUV which looks similar to our rendered image.

The Gross Revenues and Other Income of Mahindra & Mahindra Ltd. for the quarter ended 30th June 2011 is Rs.7294.3 crore as against Rs.5663.5 crore during the corresponding period last year – a growth of 28.8%. The net Profit before tax for the current quarter is Rs.814.3 crore as against Rs.721.1 crore in Q1 last year – a growth of 12.9%. In the current quarter, the non-cash charge arising from amortization of ESOPs granted in earlier years is Rs.26.5 crore as compared to Rs.0.9 crore in Q1 F2011. Excluding this charge, the PBT growth in the current quarter over Q1 last year is 16.5%. Profit after tax for the current quarter is Rs.604.9 crore as against Rs. 562.4 crore Q1 last year – a growth of 7.6%. The growth in the profit of the company despite the relentless increase in material costs is due to good volume performance by both Vehicles and tractors and tight control on expenses.

Mahindra FirstChoice Wheels expanded its Southern footprint with the launch of its first ‘2S’ SuperStore in Chennai. The outlet, which is located at Poonamalee High Road, Nerkundaram, is spread across 27,000 sq. ft. and is an integrated sales and service facility. The showroom was inaugurated by Mr. Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group.

The Mahindra Group will be the first Indian motorcycle manufacturer to enter a team into the FIM Road Racing World Championship (MotoGP). The team will be competing in the 125cc category with riders Danny Webb from the UK and Marcel Schrötter from Germany in the 2011 season.

The Mahindra Stallio Great Indian Ride reached its grand finale in Nagpur. The rally consisted of 20 bikers riding the Mahindra Stallio across the length and breadth of India. The 20 bikers were divided into four teams consisting of five members each and covered a total distance of approx 24,000 km. The rally was flagged off from the four corners of India – Manali in the North, Goa in the West, Gangtok in the East and Kanyakumari in the South from November 22 – 25, 2010. Each team had a dedicated support crew accompanying it which provided necessary assistance. 

Mahindra & Mahindra today introduced its  4X4 off roader the Thar CRDe, in India. The much awaited 4x4 off-roader is being launched in India and is targeted at the offroading enthusiasts, retro look seekers & people wanting to make a unique style statement. We spotted the Thar doing the rounds of the city recently and had written its great on-road presence. (read post here)

Mahindra REVA Electric Vehicles Pvt. Ltd. (Mahindra REVA),  announced that its REVAi vehicle will be available at select Mahindra dealerships in Hyderabad. Sabita Indira Reddy P. from the Ministry of Home, Jails, Fire Services and Sainik Welfare, handed over the keys of the first two REVAi vehicles to Mr. Anurag Bajaj of the Park Hotel, Hyderabad.