mahindra & mahindra-spon gdr (MAHMF) Key Developments
Mahindra and Mahindr Launches New Scorpio in India
Jul 29 15
Mahindra and Mahindra announced that it has launched its new Scorpio with an automatic gearbox in India. The model is priced at INR 1,313,000. The two new versions are based on the top of the line S10 variant of the Scorpio, and are available with the six-speed automatic gearbox in either two-wheel-drive or four-wheel-drive guise.
Mahindra Group Plans Mahindra Logistics’ IPO
Jul 24 15
Mahindra & Mahindra Limited (NSEI:M&M) plans to list Mahindra Logistics Limited in the next two years, Parag Shah, managing partner of Mahindra Partners, said. "Within Mahindra Partners, the one (IPO) which could happen first is Mahindra Logistics but that is still a couple of years away," Shah said.
Mahindra & Mahindra Limited Launches New Thar in India
Jul 23 15
Mahindra & Mahindra Limited has launched a new version of its Thar in India. The model is priced at INR 803,000. The vehicle features front and rear bumpers, wheel arches, clear lens headlamp and redesigned side-footstep with the canopy. The interior has a new dual tone dashboard, wider seats, redesigned AC vents and new gear knob.
Mahindra & Mahindra Ltd.'s Agri Business Launches NuPro Branded Edible Oil
Jul 20 15
Mahindra & Mahindra Ltd. has announced that its agri business vertical has launched its branded edible oil, NuPro. The company, under the NuPro brand, will offer a bouquet of edible oils, the first of which is the NuPro Virgin Kachchi Ghani Mustard Oil. The brand NuPro is derived from a combination of the words: Nutrition and Progression. NuPro Virgin Kachchi Ghani Mustard Oil is highly pungent and free from any chemical ingredient, providing consumers with the purest form of edible oil available in the market. It contains an excellent ratio of Omega-3 and Omega-6 essential fatty acids which are crucial for optimal health and metabolism. NuPro is priced at INR 144 for a one litre pouch (MRP) and INR 2,125 for a 15 kg tin (MRP). NuPro products comply with the most stringent food safety guidelines laid out by the Food Safety and Standards Authority of India. Further, the company will also stamp its product with the 'Mahindra Quality Standard (MQS)' seal to validate its consistent promise of high quality standards. With its stringent set of guidelines the MQS acts as the veritable seal of quality from the house of Mahindra, assuring consumers of the best. Further to the launch of 'NuPro Virgin Kachchi Ghani Mustard Oil', in the two cities of Kolkata and Siliguri, through the traditional FMCG distribution networks, Mahindra will soon explore to expand its footprint in other major mustard oil consuming states such as Bihar, Jharkhand, Orissa and Assam.
Mahindra and Mahindra Plans to Launch Xylo and Enforcer in Philippines
Jul 17 15
Mahindra and Mahindra is planning to launch its Xylo and Enforcer SUV in the Philippines. The Xylo is available in one version and is to be priced from PHP 850,000, while the Enforcer SUV in four variants is priced from PHP 650,000.