mahindra & mahindra-gdr 144a (MAHDY) Key Developments
Mahindra & Mahindra Denies Acquisition Of Pininfarina
May 24 15
Mahindra & Mahindra Limited (BSE:500520) denies acquisition of Pininfarina SpA (BIT:PINF). Mahindra & Mahindra Limited said in reply to exchange clarification, "The Company wishes to reiterate that there are no agreements which the Company has entered into, which require disclosure under Clause 36 of the Listing Agreement.”
Mitsubishi Agricultural Machinery Co. Ltd. and Mahindra & Mahindra Ltd. Enters into Strategic Partnership in the Agricultural Machinery Field
May 21 15
Mitsubishi Agricultural Machinery Co. Ltd. and Mahindra & Mahindra Ltd. entered into a strategic partnership in the agricultural machinery field. Under the definitive agreement signed Mahindra will invest USD 25 million for acquiring a 33% voting stake in Mitsubishi Agricultural Machinery Co. Ltd. (MAM) through fresh issue of common shares and Class A (non-voting) shares of MAM. The deal is expected to close by October 1, 2015, with the new funding to be used to increase MAM's capital base. The new partnership will help both companies to jointly develop products to address global opportunities in the tractor and agri-machinery space. In addition, the partnership will enable MAM and Mahindra to improve cost competitiveness though joint procurement and optimize the supply chain.
Mahindra and Mahindra to Launch Micro SUV in India
May 20 15
Mahindra and Mahindra is launching its micro SUV, codenamed S101, in India during 2015. The model is to be positioned below the Quanto SUV. It is to be priced at around INR 400,000. The vehicle is to share styling cues with the XUV500. It is based on the new monocoque platform and features a new infotainment system, multi-functional steering wheel, automatic climate control, airbags, ABS with EBD and ESP.
Mahindra and Mahindra to Launch XUV500 in India
May 13 15
Mahindra and Mahindra is planning to launch its XUV500 in India on May 25, 2015. The model features a new headlamp cluster and an S-shaped LED daytime running lights, 'L-shaped' chrome-finished fog lamp enclosures, a new alloy wheel pattern, chrome-garnished registration plate enclosure and a differently designed rear door. The vehicle is equipped with a 2.2-litre four-cylinder diesel engine that delivers 140bhp and 330Nm of torque.
Mahindra & Mahindra Ltd. Announces Sales Results for the Month of April 2015
May 2 15
Mahindra & Mahindra Ltd. announced its auto sales numbers which stood at 36,727 units during April 2015 as against 36,288 units during April 2014. The company’s domestic sales stood at 34,467 units during April 2015 as against 34,107 units during April 2014, registering a growth of 1%.