Mahindra plans a significant capacity expansion for SUVs

Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more

Mahindra and Actis partner to develop industrial and warehousing facilities

Mahindra Lifespaces (ML), a 51.33% subsidiary of M&M is partnering with Actis to own and operate industrial and warehousing real estate facilities in India. Partners will jointly invest in Asset Owning SPVs (SPVs) as well as Operating Company which will provide service to those Asset Owning SPVs. In both kinds of entities, ML plans to … Read more

M&M showcases its vision for EVs. Too early to make much out of it.

M&M on August 15, 2022 announced the following – Inauguration of EV design studio in UK – Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire. Its primary objective is to conceive the future Mahindra EV portfolio and the advanced vehicle concepts M.A.D.E shares the campus with the Mahindra Formula E team and forms a part … Read more

M&M wants to merge EV tech arm with itself. Confusing.

As per newspaper report, M&M is seeking approval from National Company Law Tribunal for a merger of Mahindra Electric Mobility Ltd (MEML) with itself. Rationale given Consolidation of the complete value chain of Electric Vehicle (EV) development, manufacturing and sales. MEML has expertise in EV technology while M&M has expertise in automotive design, engineering and … Read more

Mahindra logistics to acquire majority stake in Whizzard

Mahindra Logistics (ML) has announced strategic investment into Zipzap Logistics Pvt Ltd. Key points to note – Founded in 2018 and headquartered in Hyderabad, ZipZap is a tech enabled last-mile delivery logistics company operating under the brand name Whizzard.  Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more

Mahindra Finance predicts big improvement in asset quality by March end

Mahindra and Mahindra Financial Services (MMFS) continues to sound very positive on the asset quality and has predicted big improvements. Key points to note – As at December 31, 2021, its Gross NPA (GNPA) as per IND-AS was 11.30% and as per IRACP at 14-15%. (IND-AS are the accounting norms and IRACP is RBI’s Prudential … Read more

Mahindra announces mileage guarantee on BS6 trucks. Marketing gimmick?

In case a customer chooses to return the truck, the ex-showroom price of the truck will be refunded after all the requirements are fulfilled as per the terms and conditions. Key points to note – Mileage guarantee is being offered on the entire BS6 truck range from 3.5 tonne till 55 tonne, including Blazo X … Read more