Mahindra & Mahindra Limited (M&M) is an Indian multinational automobile manufacturing Corporation headquartered in Mumbai. Being a part of the Mahindra Group, an Indian Conglomerate, it is the largest vehicle manufacturers by production in India and the largest manufacturers of tractors in the world. It has managed to gain the 21st spot on a list of Top Companies in India by Fortune India 500. Its major competitors in the market are Maruti Suzuki, TATA Motors, and Ashok Leyland to name a few. They have segmented their departments into Farm Equipments, Information Technology, Financial Services, Clean Energy, Urban Lifestyle, B2B, Defense, to name a few. They remain committed to investing in technology, growing their global presence to maintain their leadership position. They have an aim to replicate Indian Success Story on the global stage. To get this dream into action the company is growing its R&D Capabilities. They are manufacturing world - class products and building industry leading brands. This way they are able to broaden the portfolio of their superior products. They constantly challenge conventional thinking and innovatively use all their resources to drive positive change in the lives of their customers. They are a leading manufacturers of major automotive and non- automotive components since the early 2000s. The products that are manufactured are Forgings, Castings, Magnetic products, Composites, Stampings, and Gears. They have also evolved with the modern battleground. Their new age defense solutions including security consulting and hi-tech information security systems, are built to fight the growing cyber tourism.
The company also clocked the highest ever annual sales of its SUVs at 356,961 units, with a growth of 60%. In the Passenger Vehicle segment (which includes UVs, Cars and Vans), the company sold 35,997 units (growth of 30%) in March 2023 and recorded an annual sale of 359,253 vehicles (growth of 59%).
The SUV, while maintaining its all-terrain capabilities, also offers a more comfortable and plusher ride, making it a lifestyle SUV that is perfect for city and highway driving as well. It offers customers the best of both worlds - the thrill of adventure and the modern dynamics of an SUV, the company said.
The effort will mark yet another attempt by the company to break into the Indian market in a significant way. The carmaker’s earlier efforts to boost its presence in India have often been bruising experiences. An alliance with Suzuki Motor Corp. ended in a fierce legal dispute before a single car was built and talks over teaming up with Jaguar-maker Tata Motors didn’t go anywhere.
With a mix of ICE vehicles-turned EVs and ground up EVs, the OEM wants to more than make up for the lost opportunities. Electrified versions of XUV300 and KUV 100 are set to be among the first set of models. The strategy for a new start in for-wheeler electric vehicles is expected to be announced in the UK on August 15, 2022.
“The new electric XUV300 will be launched in Q1 of the calendar year 2023. It will be a good sized product, being 4.2 meter in length,” said Rajesh Jejurikar, executive director, M&M on Monday at a virtual press conference to announce the Q4 FY22 financial results.
2022 has been a happening year for the Indian automotive industry as a lot of new cars have been introduced in the market. Similarly, June is also going to see car launches from Maruti, Hyundai and Mahindra. Here we have curated a list of upcoming cars that will mark their India debut in June.
The Mahindra SCV portfolio comprises models ranging from 0.7 tonne to 1.7 tonne payload offered in diesel, gasoline, and CNG fuel options. They include Jeeto, Supro, Bolero Pik-up and Bolero Maxitruck Plus, the company said.
The Mileage Guarantee, 'Get More Mileage or Give the Truck Back', was first offered on Balzo trucks in 2016.
Launching the new KUV 100 NXT (at Rs 4.39 lakh to 7.33 lakh), Pawan Goenka, MD, Mahindra and Mahindra said the company has placed a strong bet on electrification and plans to electrify all the SUVs and crossovers.
EESL said all 10,000 e-cars would be procured in two phases with 500 to be procured in phase-I and 9,500 vehicles to be ordered post phase-I deliveries.
EESL had in August floated a global tender for 10,000 e-vehicles to replace five lakh petrol and diesel cars used by the government over three to four years.
M&M, which already has two electric cars e2o and electric sedan Verito, was also in the Energy Efficiency Services bidding race
Automobile companies and dealers said that the sales have declined mainly due to a slow movement of sales, lack of new model launches and subdued consumer sentiment post demonetization and the implementation of Goods and Services Tax (GST).
Tata Motors won the tender and will now supply the Electric Vehicles (EVs) in two phases – first 500 e-cars will be supplied to EESL in November 2017 and the rest 9,500 EVs will be delivered in the second phase, said the statement from the ministry.
In an exclusive interview with Lijee Philip and Ketan Thakkar, Anurag Mehrotra, managing director, Ford India, said Ford's biggest challenge continues to be cost -both material and structural, stressing that the company will intensify its efforts to deliver on competitive costs by driving higher localisation and greater commonality across car lines and operational fitness.
M&M said it will acquire Erkunt Traktor Sanayii for Rs 478 crore, a move which is aimed at entering the fourth largest tractor market in the world.
Nexon is scheduled to be launched on September 21 and the company is keeping its price under wraps. Tata aims to scale up its position to the third or fourth spot in the utility vehicle segment.
The Mahindra & Mahindra MD said that an entrepreneurial mindset is a must if you want to succeed.
The government plans to procure e-vehicles though EESL — dissociated from the battery — and lease out to aggregators, who will deploy them in the market.
The economy was in trouble before demonetisation and GST came along. The potential long-term game changers may have only aggravated an imperfect situation.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Thothala Narayanasamy Manoharan | Unlock to View | Unlock to View | Director | 11 Nov,2016 |
| Suryakant Balkrishna Mainak | Unlock to View | Unlock to View | Nominee director | 13 Nov,2013 |
| Pawan Kumar Goenka | Unlock to View | Unlock to View | Whole-time director | 23 Sep,2013 |
| Vikram Singh Mehta | Unlock to View | Unlock to View | Director | 30 May,2012 |
| Vishakha Nirubhai Desai | Unlock to View | Unlock to View | Director | 30 May,2012 |
| Anand Gopal Mahindra | Unlock to View | Unlock to View | Director | 01 Aug,2010 |
| Anupam Pradip Puri | Unlock to View | Unlock to View | Director | 30 Jan,2001 |
| Ravindra Krishna Kulkarni | Unlock to View | Unlock to View | Director | 21 Aug,1997 |
| Nadir Burjor Godrej | Unlock to View | Unlock to View | Director | 28 Aug,1992 |
| Murugappan Murugappan Muthiah | Unlock to View | Unlock to View | Director | 28 Aug,1992 |
| Deepak Shantilal Parekh | Unlock to View | Unlock to View | Director | 29 Aug,1990 |
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