Post Tagged with: "mahindra & mahindra"

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Investindustrial reportedly close to buying Aston Martin stake

Investindustrial reportedly close to buying Aston Martin stake

Private equity fund Investindustrial is closing in on an agreement to buy an Aston Martin stake to ensure financing of the renowned sports-car maker. According to two people familiar with the matter quoted by Bloomberg, London-based Investindustrial has trumped Indian automaker Mahindra & Mahindra to invest in Aston Martin. The […]

Mahindra & Mahindra favorite to take over Aston Martin

Mahindra & Mahindra favorite to take over Aston Martin

The fate of Aston Martin is likely to be decided this week, with India’s Mahindra & Mahindra favorite to become the British sports car maker’s new owner. Mahindra’s rival for the acquisition of Aston Martin is Italian private equity fund Investindustrial, according to unnamed sources aware of these talks quoted […]

Aston Martin up for sale, report says

Aston Martin up for sale, report says

Aston Martin’s controlling shareholder, Investment Dar Co., has approached potential buyers for the iconic British brand, according to Bloomberg. Bloomberg quoted five people with knowledge of the matter, with one of them saying the Kuwaiti company has hired Rothschild to advise on the sale. Investment Dar, which owns 64 percent […]

Mahindra & Mahindra’s Q2 profit up 22 percent on strong SUV sales

Mahindra & Mahindra’s Q2 profit up 22 percent on strong SUV sales

Mahindra & Mahindra, India’s biggest maker of sport-utility vehicles and tractors, today posted a 22 percent increase of its second-quarter net profit. The parent company of SsangYong was helped by strong demand for its utility vehicles. From July through September, Mahindra & Mahindra posted a net profit of 9.02 billion […]

Mahindra Reva opens new EV plant in Bangalore

Mahindra Reva opens new EV plant in Bangalore

Mahindra Reva Electric Vehicles, a subsidiary of Mahindra Group, has inaugurated a new automobile factory in Bangalore, India. The new assembly plant has an annual capacity of 30,000 cars and is expected to start production in September 2012. Mahindra has bought a majority stake in Reva Electric Car Company in […]

U.S. Auto Dealers Sue Mahindra for Fraud

U.S. Auto Dealers Sue Mahindra for Fraud

U.S. auto dealers, accuse Mahindra & Mahindra of misrepresentation, fraud and conspiracy. According to the lawsuit Mahindra defrauded hundreds of U.S. auto dealers and left with over $60 million in cash and trade secrets. “Mahindra told the dealers that its light trucks and SUVs were ready for delivery to the […]

Report: Dongfeng interested in Saab assets

Report: Dongfeng interested in Saab assets

State-owned Chinese automaker Dongfeng Motor Corporation wants to buy the remaining assets of Saab, of which the most important is the Trollhattan plant, according to a report from Chinese media quoted by Automotive News China. The automaker will bid for the assets after the Swedish car manufacturer will be liquidated […]

Mahindra December sales up 26 percent

Mahindra December sales up 26 percent

Indian automaker Mahindra & Mahindra, a subsidiary of Mahindra Group, has annouced it sold 42,761 vehicles in December 2011, accounting for an increase of 26 percent compared to December 2010, when 34,062 units were sold. Of the total number of vehicles sold in December, 39,891 units were registered in India, […]

India’s Mahindra reportedly interested in Saab

India’s Mahindra reportedly interested in Saab

Mahindra & Mahindra, India’s largest SUV manufacturer, is interested in buying at least parts of bankrupt Swedish carmaker, according to Bloomberg. The site quoted two people familiar with the matter who said Mahindra is currently preparing to approach the two court-appointed administrators overseeing Saab’s bankruptcy in order to buy parts […]

SsangYong to miss sales target this year

SsangYong to miss sales target this year

Mahindra & Mahindra’s South Korean subsidiary SsangYong is expected to miss its sales target for 2011 as the European crisis continues to affect its performance. Europe is an important market for SsangYong, but following the debt crisis in the area the carmaker is focusing more on emerging markets like India, […]

Mahindra eyeing Southeast Asia to build new plant

Mahindra eyeing Southeast Asia to build new plant

Mahindra & Mahindra, India’s largest utility vehicle maker, has plans to build a new plant in Southeast Asia. The manufacturer is looking at countries like Thailand, Indonesia and Malaysia for a possible investment. The new plant, which will act as a manufacturing base for the entire Southeast Asian region, is […]

Mahindra to reopen order books for XUV500 from January

Mahindra to reopen order books for XUV500 from January

India’s largest SUV maker, Mahindra & Mahindra, announced it will reopen bookings for its latest model, the XUV500, in the Indian market from January 2012. Due to high demand and insufficient production capacity, the company had to stop receiving bookings for the vehicle in October 2011. In the first 10 […]