Mahindra & Mahindra‚Äôs Farm Equipment and Two Wheeler Division has registered lower than expected sales in July 2014 following delay in arrival of monsoons which led to late sowing and impacted farmer sentiments. However, with the revival of the monsoons and the upcoming festive season, the company now expects to see more positive sales in the coming months.
Mahindra Tractor has launched the new Arjun Novo tractor, a high horsepower tractor offered in both 52 and 57 hp. Priced at INR 7.35 lakhs for the base variant, the Arjun Novo air conditioned version comes in at a price of INR 9.5 lakhs.
Mahindra S101 compact crossover was spied testing in Chennai recently, now new spy shots have emerged thanks to Mr. Mathews Naveen.
Credit Analysis & Research Ltd. (CARE) has upgraded credit rating of Mahindra and Mahindra to AAA. This triple A rating is the highest CARE AAA level of rating and conferred on M&M recognizing the company‚Äôs stronghold in financial services.
Mahindra S101 (codename) compact SUV is spied testing in Chennai recently, thanks to avid RushLane reader Venkat for sending us spy shots. The Ford EcoSport and upcoming Volkswagen Taigun rival is expected to launch in 2015.
Reports earlier this week, suggested a possible liaison between French automaker PSA Peugeot Citroen and Mahindra. However, these reports have now been refuted by Peugeot.
Sourcing of technology, sharing of production capacities and joint investments are reported to be on the cards between India‚Äôs Mahindra & Mahindra and French auto major Peugeot. This was revealed by top auto industry sources in India as well as in France.
Mahindra and Mahindra‚Äôs XUV500 has been a resounding success ever since it was launched almost three years ago in September 2011. This Sports Utility Vehicle, the recipient of a host of awards, has now reached a major milestone with sales reaching the 1 lakh unit mark in India thus adding one more feather in the Mahindra cap.