Jump to content

Mahindra & Mahindra

From Wikipedia, the free encyclopedia
Not to be confused with Mahendra.

Mahindra & Mahindra Limited
Company typePublic
ISININE101A01026
IndustryAutomotive
Founded2 October 1945; 79 years ago (1945-10-02)
Founders
HeadquartersMumbai, Maharashtra,
India
Area served
Worldwide
Key people
Products
Production output
Decrease 14,076,043 vehicles (2022)
RevenueIncrease ₹139,078 crore (US$16 billion)[2] (FY2024)
Increase ₹24,892 crore (US$2.9 billion)[2] (FY2024)
Increase ₹11,269 crore (US$1.3 billion)[2] (FY2024)
Total assetsIncrease ₹83,811 crore (US$9.8 billion)[2] (FY2024)
Total equityIncrease ₹52,276 crore (US$6.1 billion)[2] (FY2024)
Number of employees
140,619 (2022)[2]
ParentMahindra Group
Subsidiaries
Websiteauto.mahindra.com

Mahindra & Mahindra is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India; the Mahindra Tractors subsidiary is the largest manufacturer of tractors in the world by volume.[3] It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018.[4] Its major competitors in the Indian vehicular market include Maruti Suzuki India and Tata Motors.[5] Dr. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.[6][7]

History

[edit]

Mahindra & Mahindra was founded as a steel trading company on 2 October 1945, in Ludhiana as Mahindra & Mohammed by brothers Kailash Chandra Mahindra and Jagdish Chandra Mahindra, along with Malik Ghulam Muhammad.[8] Anand Mahindra, the present Chairman of Mahindra Group, is the grandson of Kailash Chandra Mahindra. In 1948, Ghulam Mohammed decided to move to the newly formed Pakistan.The Mahindras were left with stationary and company stamp that said M&M. They did not have the financial resources to change the name. Since there were two Mahindra brothers in the business they decided to change the company name to Mahindra & Mahindra.[9]

Beginnings with Jeep

[edit]

They eventually saw a business opportunity in expanding into manufacturing and selling larger multi utility vehicle (MUVs) and started assembling under the licence of Willys Jeep in India. Soon, M&M was established as the Jeep manufacturer in India and later commenced manufacturing light commercial vehicles (LCVs) and agricultural tractors. Jeep was bought by American Motors Corporation in 1970; Jeeps continued to be built by Mahindra under licence from AMC and, in turn, under Chrysler after Chrysler bought AMC in 1987.

Acquisitions

[edit]

In 1999, Mahindra purchased 100% of Gujarat Tractors from the Government of Gujarat, and in 2017, Mahindra renamed it Gromax Agri Equipment Limited as part of its new brand strategy, and the models continue to be sold as Trakstar.[10][11]

In 2007, M&M acquired Punjab Tractor Limited (PTL), making it the world's largest tractor manufacturer.[12][13] Subsequent to this takeover, the former PTL was merged into M&M and transformed into the Swaraj division of Mahindra & Mahindra in 2009.[14]

Over the past few years, the company has taken an interest in new industries and foreign markets. In 2008, they entered the two-wheeler industry by taking over Kinetic Motors in India.[15]

In 2010, M&M took a 55% stake in the REVA Electric Car Company[16] and in 2016, they renamed it Mahindra Electric Mobility Ltd after taking 100% ownership.[17]

In 2011 Mahindra acquired a majority stake of South Korea's SsangYong Motor, turning it into a subsidiary.[18] In December 2020, after Mahindra stopped funding it, SsangYong entered into receivership, de facto no longer being a Mahindra subsidiary from that point on,[19] and de jure after November 2022, when a KG Group-led consortium completed the acquisition procedures for a controlling stake, moving SsangYong out of receivership.[20][21]

In October 2014, Mahindra acquired a 51% controlling stake in Peugeot Motocycles[22] and a 100% controlling stake in October 2019.[23] In May 2015, Mahindra acquired a 33.33% stake in Japanese tractor manufacturer Mitsubishi Agricultural Machinery (MAM), a subsidiary of Mitsubishi Heavy Industries.[24][25]

In December 2015, Mahindra and its affiliate Tech Mahindra, through a special purpose vehicle (SPV), agreed to buy a 76.06% stake in Italian car designer Pininfarina, for €168 million.[23]

In March 2016, Mahindra acquired 35% of Finland-based Sampo Rosenlew, entering the combine harvester business, subsequently increasing its stake in the company to 49.04% in December 2019.[26][27]

In January 2017, Mahindra and Mahindra Ltd acquired a 75.1 equity stake in Hisarlar Makina Sanayi ve Ticaret Anonym Şirketi (Hisarlar), a farm equipment company, marking its entry into Turkey and in September 2017 acquired another Turkish tractor and foundry business Erkunt Traktor Sanayii AS for ₹800 crore.[28][29]

In January 2018, Mahindra announced its foray into the sprayers business through the acquisition of a 26% equity stake in M.I.T.R.A. Agro Equipments Pvt Ltd, a Maharashtra-based AgTech company (MITRA).[30][31] In March 2020, Mahindra further increased its stake in the company to 39%.[32][33]

In February 2018, Mahindra acquired a minority stake of 22.9% percent in Carnot Technologies. Carnot Technologies owns and operates smart car firm CarSense.[34]

In May 2018, Mahindra signed a share subscription agreement to acquire up to 10% share capital of Canada's IT firm Resson Aerospace Corporation.[35] Resson has developed a system that captures and interprets images to give farmers information about the state of their fields and crops.[36]

In June 2019, Mahindra purchased an 11.25% stake in Switzerland-based agro technology firm Gamaya.[37] The acquisition enabled Mahindra to further develop and deploy next-generation farming capabilities such as precision agriculture and digital farming technologies.[38][39]

In December 2023, Mahindra & Mahindra acquired a 60.01% stake in Emergent Solren Private Limited, a solar power generator subsidiary of Mahindra Holdings Limited, for ₹288.05 crore.[40]

Licensed production and joint ventures

[edit]

In November 2017, Mahindra signed a memorandum of understanding (MOU) agreement with Belgium-based Dewulf, a supplier of a full line of potato and root crop machinery.[41] Under the agreement, Mahindra will manufacture and market potato planting equipment in India, for which the co-branded planter is developed.[42]

In April 2010, Mahindra and Renault ended its joint venture which operated from 2005 onwards, with Mahindra buying out Renault's stake. Renault continues to license and supply key components such as engines and transmissions to Mahindra & Mahindra.[43]

Mahindra & Mahindra (M&M) and Ford Motor Company (Ford) first formed a joint venture to manufacture Ford cars in India, Mahindra Ford India. The JV manufactured its cars including the Ford Escort, at Nashik factory of Mahindra. In 2003, Ford increased its stake in the company to 72% and renamed it Ford India.

In October 2019, Mahindra entered into a joint venture with Ford by establishing Ford India in which Mahindra & Mahindra acquired a controlling 51% stake.[44][45]

In January 2021, Mahindra ended its collaboration with Ford owing to global economic and business conditions caused by the pandemic.[46]

Operations

[edit]

Under the “Mahindra” brand name, the company produces SUVs, Multi utility vehicles, pickups, lightweight commercial vehicles, heavyweight commercial vehicles and tractors. Mahindra maintains business relations with foreign companies like Renault SA, France.[47] M&M has a global presence[48] and its products are exported to several countries.[49] Its automotive global subsidiaries include:

  • Mahindra Europe S.r.l. based in Italy,[50]
  • Mahindra Automotive North America (MANA) in US.,
  • Automobili Pininfarina in Italy[51]
  • Mahindra South Africa[52]
  • Mahindra Australia

Automobiles

[edit]

Mahindra began assembling the Jeep CJ3 in 1954, and light commercial vehicles in 1965. In 1979 the licensed assembly of Peugeot diesel four-cylinder engines and transmissions began, and in 1982 a tie-up with Kia Motors to build their four-speed KMT90 transmission and transfer case was announced.[53] Mahindra's MM range was a mainstay of the lineup and was eventually also offered with a 1.8-liter Isuzu petrol engine in addition to International and Peugeot diesels.[54]

In 1965 Mahindra and Mahindra Ltd & Rubery Owen a Darlaston based engineering firm formed a joint venture in Pimpri, Pune named Roplas India Ltd.[55] to manufacture after market fibre glass bodies for Mahindra 91, 101, and 104.5 licensed versions of Jeep CJ which included every possible configuration service vans, police bodies, off-roader and ambulance models.[56] They collaboratively also formed Mahindra Owen at Pune in 1958 an engineering company to manufacture truck trailers, one of the first trailer manufacturer of India.

In December 1989 Mahindra launched its 4x4 offroad SUV range which consisted of licence-built versions of the Jeep CJ named Brave, Chief, and Baja. These were powered by four-cylinder, 2.1-litre Peugeot diesel engines producing 62 hp and were available in 2032mm and 2311mm wheelbase variants. These were sold under motor industry investments, a joint venture between Paul Stoddart an Australian businessman and Roger Bastable founder of Abby Hill Group.[57]

Mahindra started making passenger vehicles firstly with the Logan in April 2007 under the Mahindra Renault joint venture.[58] M&M made its maiden entry into the heavy trucks segment with the Mahindra Truck and Bus Division, the joint venture with International Truck, USA.[59] Mahindra produces a wide range of vehicles, including MUVs, LCVs and three-wheelers. It manufactures over 20 models of cars, including larger, multi-utility vehicles like the Scorpio and the Bolero. It formerly had a joint venture called Ford India Private Limited to build passenger cars.[60]

At the 2008 Delhi Auto Show, Mahindra executives said the company was pursuing an aggressive product expansion program that would see the launch of several new platforms and vehicles over the next three years, including an entry-level SUV designed to seat five passengers and powered by a small, turbocharged Diesel engine.[61] True to their word, Mahindra & Mahindra launched the Mahindra Xylo in January 2009, selling over 15,000 units in its first six months.[62]

Also in early 2008, Mahindra commenced its first overseas CKD operations with the launch of the Mahindra Scorpio in Egypt,[63] in partnership with the Bavarian Auto Group. This was soon followed by assembly facilities in Brazil.

Mahindra electric car

Mahindra & Mahindra has a controlling stake in Mahindra REVA Electric Vehicles.[citation needed]

Mahindra launched its relatively heavily publicized SUV, XUV500, code-named as W201 in September 2011. The new SUV by Mahindra was designed in-house and it was developed on the first global SUV platform that could be used for developing more SUVs. In India, the new Mahindra XUV500 came in a price range between ₹1,140,000–1,500,000. The company was expected to launch three products in 2015 (two SUVs and one CV) and an XUV500 hybrid. Besides India, the company also targeted Europe, Africa, Australia and Latin America for this model.[64] Mahindra President Mr. Pawan Goenka stated that the company planned to launch six new models in the year.[65] The company launched the CNG version of its mini truck Maxximo on 29 June 2012.[66] A new version of the Verito in Diesel and petrol options was launched by the company on 26 July 2012 to compete with Maruti's Dzire and Toyota Kirloskar Motor's Etios.[67]

On 30 July 2015, Mahindra released sketches of a new compact SUV called the TUV300 slated to be launched on 10 September 2015.[68] The TUV300 design took cues from a battle tank and used a downsized version of the mHAWK engine found on the XUV500, Scorpio and some models of the Xylo. This new engine was dubbed the mHAWK80.[69]

In 2015, Mahindra introduced an app based intra-city cargo platform known as SMARTSHIFT, a load exchange platform for small commercial vehicles.[70] In 2018, Mahindra announced the merger of SMARTSHIFT with Mumbai-based logistics provider Porter.[71][72]

In January 2016 Mahindra launched a sub-compact monocoque SUV called the KUV100. The KUV100 received a major refresh in the form of the KUV100 NXT launched in October 2017.[73][74]

On 3 September 2018, Mahindra Marazzo the shark inspired vehicle was launched in collaboration with Mahindra Research Valley (MRV), MANA and Pininfarina in four variants.[75]

In February 2019, Mahindra launched its XUV300, a sub-4m compact monocoque SUV. The XUV300 was found to be the safest vehicle made in India in an independent crash test conducted by GNCAP, earning it a 5-star adult safety rating along with India's first ‘Safer Choice’ Award.[76][77]

In October 2020, Mahindra launched the second-generation Thar 2020 – the All-New Thar.[78]

In 2021, Mahindra launched the XUV700.[79]

On 27 June 2022, Mahindra released the Scorpio N, also called the "Big Daddy of SUVs". The previous generation will now be called, "Scorpio Classic".[80]

Mahindra in North America

[edit]

Mahindra planned to sell the diesel SUVs and pickup trucks starting in late 2010 in North America[81] through an independent distributor, Global Vehicles USA, based in Alpharetta, Georgia.[82] Mahindra announced it would import pickup trucks from India in knockdown kit (CKD) form to circumvent the Chicken tax.[83] CKDs are complete vehicles that were assembled in the United States from kits of parts shipped in crates.[83] On 18 October 2010, however, it was reported that Mahindra had indefinitely delayed the launch of vehicles into the North American market, citing legal issues between it and Global Vehicles after Mahindra retracted its contract with Global Vehicles earlier in 2010, due to a decision to sell the vehicles directly to consumers instead of through Global Vehicles.[84] However, a November 2010 report quoted John Perez, the CEO of Global Vehicles USA, as estimating that he expected Mahindra's small Diesel pickups to go on sale in the United States by spring 2011, although legal complications remained, and Perez, while hopeful, admitted that arbitration could take more than a year.[85] Later reports suggested that the delays may be due to Mahindra scrapping the original model of the truck and replacing it with an upgraded one before selling them to Americans.[86] In June 2012, a mass tort lawsuit was filed against Mahindra by its American dealers, alleging the company of conspiracy and fraud.[87] Mahindra Automotive North America (MANA), the company's U.S. subsidiary, opened a car manufacturing plant in Detroit, Michigan on 20 November 2017. The plant employs 250 people and is the first automotive production facility to open in Detroit in 25 years.[88] The first product from the new facility was launched on 2 March 2018 as the Mahindra Roxor.[89]

Military vehicles

[edit]
Mahindra Armored Light Specialist Vehicle

The company has built and assembled military vehicles, commencing in 1947 with the importation of the Willys Jeep that had been widely used in World War II.[90] Its line of military vehicles under Mahindra Emirates Vehicle Armouring (MEVA, Mahindra Armoured) include the Mahindra Armored Light Specialist Vehicle (ALSV) and the Mahindra Armored Straton Armoured Personnel Carrier (APC),[91] and discontinued vehicles such as the Axe. It also maintained a joint venture with BAE Systems, Defence Land Systems India; one of the first vehicles made under this was the Mahindra Mine Protected Vehicle-I (MPV-I).[92]

In 2018, the company signed a multi-million dollar aerospace deal with Airbus Group for the manufacture and supply of metallic components.[93]

Industrial gensets

[edit]

Mahindra & Mahindra entered the energy sector in 2002, in response to growing demands for increased electric power in India, over 450,000 Mahindra Powerol engines and Diesel generator sets (gensets) hd its entry into gas powered genset with the launch of its first CNG/NG gensets.[94] Mahindra Powerol was awarded the Deming Prize in 2014.[95]

Farm equipment

[edit]
Main article: Mahindra Tractors

Mahindra began manufacturing tractors for the Indian market during the early '60s. It is the top tractor company in the world (by volume) with annual sales totaling more than 200,000 tractors. Since its inception, the company has sold over 2.1 million tractors.[96] Mahindra & Mahindra's farm equipment division (Mahindra Tractors) has over 1,000 dealers servicing approx. 1.45 million customers.[97]

Mahindra tractors are available in 40 countries, including India, the United States, China, Australia, New Zealand, Africa (Nigeria, Mali, Chad, Gambia, Angola, Sudan, Ghana, and Morocco), Latin America (Chile, Argentina, Brazil, Venezuela, Central America, and the Caribbean), South Asia (Sri Lanka, Bangladesh, and Nepal), the Middle East (Iran and Syria) and Eastern Europe (Serbia, Turkey, and Macedonia).[97] Mahindra Tractors manufactures its products at four plants in India, two in Mainland China, three in the United States, and one in Australia. It has three major subsidiaries: Mahindra USA, Mahindra (China) Tractor Company, and Mahindra Yueda (Yancheng) Tractor Company (a joint venture with the Jiangsu Yueda Group).[97]

Mahindra Arjun 605 DI tractor with trailer

In 2003, the Farm Equipment Sector of Mahindra & Mahindra won the Deming Application Prize.[98][99] In 2007 it received the Japan Quality Medal for implementing Total Quality Management in its entire business operations.[100] The company has garnered the highest customer satisfaction index (CSI) in the industry at 88 percent.[97] It earned a 2008 Golden Peacock Award in the Innovative Product/Services category for its in-house development of a load car.[101] In its 2009 survey of Asia's 200 most admired and innovative companies, the Wall Street Journal named Mahindra & Mahindra one of the 10 most innovative Indian companies.[97]

In addition to tractors, Mahindra sells other farm equipment. It has expanded its product-line to include farm mechanisation products via Mahindra AppliTrac.[102]

In 2017, Mahindra & Mahindra Ltd's Farm Equipment Sector (FES) launched 'JIVO' a small tractor platform in the sub 25HP category.[103]

In 2020, the company launched the Sarpanch Plus range. This ranges between 30 bhp and 50 bhp, and has undergone a subtle improvement as compared to the Sarpanch 575 tractor which was launched earlier.[104] In 2020, Mahindra also launched new equipment for potato planting. PlantingMaster Potato + is designed in collaboration with Dewulf.[105] On 2 October 2020, Mahindra rolled out Krish-e centers under its new ‘Farming as a Service’ business. This business vertical provides progressive, affordable and accessible tech-driven services to farmers.[106]

In October 2021, Mahindra's FES launched a next-generation Yuvo tractor platform - a new-age advanced tractor range called the Yuvo Tech+.[107]

In August 2023, Mahindra launched the Oja range of next-generation tractors[108]

Models

[edit]

Passenger vehicles

[edit]

Current models

[edit]
ICE vehicles
[edit]
Model Calendar year
introduced 		Current model Vehicle information
Introduction
SUV

Bolero 		Bolero 2000 2020 Mid-size SUV

Bolero Neo 		Bolero Neo 2021 2021 Mini SUV

Thar 		Thar 2010 2020 4x4 Compact SUV

Thar Roxx

Thar Roxx 2024 2024 4x4 Mid-size SUV

Scorpio 		Scorpio 2002 2022 C-segment SUV
Scorpio-N Scorpio-N 2022 2022 D-segment SUV
Crossover SUV
XUV 3XO XUV 3XO 2019 2024 B-segment crossover SUV

XUV700

XUV700 2021 2021 C-segment crossover SUV

MPV

[edit]
Marazzo
[edit]
Marazzo
[edit]
 2018 2018 Compact MPV
Light commercial vehicle

Scorpio Getaway 		Scorpio Getaway 2006 2017 Pickup truck
UTV

Roxor

Roxor 2018 2018 4x4 off-road only Sports utility vehicle
Electric vehicles
[edit]
Model Calendar year
introduced 		Current model Vehicle information
Introduction
Crossover SUV

XUV400 		XUV400 2023 2023 B-segment Electric Crossover SUV
BE6 BE6 2024 2024 C-segment Electric Crossover Coupé SUV
XEV 9e XEV 9e 2024 2024 D-segment Electric Crossover Coupé SUV

Discontinued models

[edit]
Model Released Discontinued Image Notes
Armada 1993 2001
Voyager 1997 2002
Major 2004 2010
Marksman 2006 2020
Xylo 2009 2019
Maxximo 2010 2015
XUV500 2011 2021
Quanto 2012 2016
e2o 2013 2017
Verito Vibe 2013 2019
TUV 300 2015 2020 Replacement of TUV 300 comes as Bolero Neo.
KUV100 2016 2023
Nuvosport 2016 2020
TUV300 Plus 2018 2020
Alturas G4 2018 2022 Rebadged from Ssangyong Rexton

Motorized Trike

[edit]
  • Alfa DX
  • Alfa DX (CNG)

Motorized Cargo Trike

[edit]
  • Alfa Plus
  • Alfa Plus (CNG)

Pickup Truck

[edit]
  • Bolero Pik-Up
  • Maxx Pik-Up City
  • Maxx Pik-Up HD (heavy duty, 2000kg payload)[109]
  • Jeeto Strong
  • Supro Maxi Truck
  • Supro Mini Truck
  • Veero

Truck

[edit]
  • Blazo Haulage
  • Blazo Tipper
  • Blazo Tractor Trailer
  • Furio
  • Jayo
  • Loadking Optimo

Bus

[edit]
  • Cruzio
  • Cruzio Grande[110]

Concepts

[edit]
  • BE.05
  • BE.07
  • BE.09
  • BE.RALL-E
  • XUV.e8
  • XUV.e9
  • XUV 700 petrol hybrid
  • THAR.e[111]

Factories

[edit]
Mahindra & Mahindra's Kandivali Unit, Auto Sector Main gate overlooking Western Express Highway, Mumbai
Factory Type City / State / Country Type of manufacturing
Engines plant Igatpuri, Nashik district, India

MHEL Chakan

Tool & Die plant Nashik, India Manufacturing of Dies
Multi-purpose units Bengaluru, India Passenger cars (electric)

Small commercial vehicles (electric)

Aggregate + Assembly Chakan (Pune), India Passenger cars (electric)

Small commercial vehicles (electric)
Large commercial vehicles

Aggregate + Assembly Kandivli (Mumbai), India Pickups
Vehicle Assembly plant Haridwar, India Passenger cars

Small commercial vehicles

Vehicle Assembly plant Nashik, India Passenger cars

Small commercial vehicles

Vehicle Assembly plant Zaheerabad, (Hyderabad) India Small commercial vehicles

Tractors

Overseas distributor plant Durban, South Africa[112] Small commercial vehicles
Sousse, Tunisia Small commercial vehicles
Mombasa, Kenya Small commercial vehicles
Mutugama, Sri Lanka Passenger cars
Detroit, USA Passenger cars
Tractors only Jaipur, India

Zaheerabad, (Hyderabad) India
Mumbai, India
Mohali, India
Nagpur, India
Rudrapur, India
Vadodara, India
Majri, district Kurali

Brisbane, Australia
Houston, Texas, US

Olivehurst, California, US
Bloomsburg, Pennsylvania, US
Algeria
Benin
Gambia
Ghana
Nigeria
Chad
Mali
South Africa
Two-Wheelers only Pithampur (Indore), India
Vietnam
Jinan, China
Mandeure, France

Naming of vehicles

[edit]

Most commercial and passenger vehicles made by the company follow the rule of ending with an 'O', like in Scorpio, Verito and XUV700. In 2013, the then president Pawan Goenka confirmed that this was after the success of Bolero and Scorpio, the company thought the ‘O’ at the end of the vehicle was lucky and it has become a tradition.[113]

Awards and recognitions

[edit]
  • Bombay Chamber Good Corporate Citizen Award for 2006–07.[114]
  • Businessworld FICCI-SEDF Corporate Social Responsibility Award 2007.[115][116]
  • The Brand Trust Report ranked M&M as India's 10th Most Trusted Brand in its India Study 2014 survey (from 20,000 brands analyzed).[117][118]
  • The Farm Equipment division received the Deming Prize in 2003.[98]
  • The Farm Equipment division received the Japan Quality Medal in 2007.[119]
  • The US based Reputation Institute ranked M&M amongst the top Ten Indian companies in its 'Global 200: The World's Best Corporate Reputations' list for 2008.[120]
  • Bluebytes News rated M&M as India's second Most Reputed Car Company (reported in their study titled Reputation Benchmark Study) conducted for the Auto (Cars) Sector in 2012.[121][122]
  • Mahindra won top Corporate Governance and CSR awards at Asiamoney Awards 2016.[123]
  • Mahindra was named ‘Manufacturing Innovator of the Year’ by Time India Awards in 2017.[124]
  • The company became the first Carbon Neutral plant facility in 2018.[125][126]
  • In 2018, seven automotive plants of Mahindra & Mahindra (M&M) bagged the prestigious Japan Institute of Plant Maintenance (JIPM) award.[127]
  • Mahindra was named India's Best Brand by Interbrand in 2019.[128]
  • Mahindra & Mahindra was among 2000 largest companies of the world in the Forbes 2000 list.[129]
  • The company was 23rd on Fortune's global ‘Change The World’ list 2019.[130]
  • Mahindra Automotive was recognised as ‘One of the Most Trusted Brands of India 2021’ by Team Marksmen and CNBC TV18.[131]

See also

[edit]

References

[edit]
  1. ^ "Mahindra appoints Anish Shah as the MD and CEO, effective from April 2". Livemint. 26 March 2021. Retrieved 12 July 2021.
  2. ^ a b c d e f "Annual Report 2022-23". bseindia.
  3. ^ "Indian Tractor Maker Mahindra Takes On Deere". Business Week. 1 August 2013. Archived from the original on 3 August 2013. Retrieved 2 February 2014.
  4. ^ "Mahindra & Mahindra in Fortune India list". Rediff.com. 22 December 2011. Archived from the original on 25 January 2021. Retrieved 2 February 2014.
  5. ^ "Top Competitors for Mahindra & Mahindra Limited". Hoovers. Archived from the original on 15 March 2013. Retrieved 2 February 2014.
  6. ^ Ghosh, Malyaban (26 March 2021). "Mahindra appoints Anish Shah as the MD and CEO, effective from April 2". mint. Archived from the original on 13 July 2021. Retrieved 13 March 2024.
  7. ^ patel, nirav (14 March 2024). "The Mahindra XUV400". ev.nxccontrols.in. author. Retrieved 20 April 2024.
  8. ^ "How we got here". Mahindra Corporate website. Archived from the original on 4 July 2015. Retrieved 30 August 2019.
  9. ^ "Edelweiss | About Mahindra & Mahindra Ltd". Edelweiss. Retrieved 19 November 2019.
  10. ^ "M&M renames Mahindra Gujarat Tractors, launches a new brand 'Trakstar'". Moneycontrol. 28 August 2017. Archived from the original on 30 October 2020. Retrieved 2 September 2020.
  11. ^ "Mahindra Gujarat Tractors renamed Gromax". DNA India. Archived from the original on 10 April 2022. Retrieved 2 September 2020.
  12. ^ "M&M wins race for Punjab Tractors stake - Indian Express". indianexpress.com. Archived from the original on 10 April 2022. Retrieved 2 September 2020.
  13. ^ "PTL's Swaraj to fight parent M&M's brands". The Economic Times. Archived from the original on 10 April 2022. Retrieved 2 September 2020.
  14. ^ "Mahindra plans to manufacture tractors in PTL's plant". Outlook India. Archived from the original on 10 May 2021. Retrieved 2 September 2020.
  15. ^ "Mahindra enters two-wheeler market riding on Kinetic". Indian Express. 31 July 2008. Archived from the original on 20 February 2014. Retrieved 2 February 2014.
  16. ^ "India's Mahindra buys Reva majority stake". AFP. 26 May 2010. Archived from the original on 19 January 2014. Retrieved 2 February 2014.
  17. ^ "M&M unplugs Reva tag; rebrands e-car division as Mahindra Electric". E Vehicles Mart. 7 September 2016. Archived from the original on 21 October 2020. Retrieved 18 June 2020.
  18. ^ "M&M named lead bidder for SsangYong". The Economic Times. 13 August 2010. Archived from the original on 6 February 2016. Retrieved 2 February 2014.
  19. ^ "Mahindra's Korean subsidiary Ssangyong Motor files for bankruptcy". Archived from the original on 3 January 2021. Retrieved 21 December 2020.
  20. ^ "쌍용차 품은 곽재선 회장, KG색깔 어떻게 입힐까" [Kwak Jae-sun takes on SsangYong Motor chairmanship as well as KG's]. Newdaily. 1 September 2022. Archived from the original on 26 January 2023. Retrieved 2 September 2022.
  21. ^ Choi, Seong-hook (11 November 2022). "쌍용자동차 19개월 만에 회생절차 종결" [Ssangyong Motor Company's receivership ends after nineteen months]. Seoul Economic Daily. Retrieved 12 November 2022.
  22. ^ "Mahindra takes an old French turn, buys 51% stakes on Peugeot Motocycles". dailybhasker.com. 9 October 2014. Archived from the original on 21 October 2020. Retrieved 20 August 2015.
  23. ^ a b "Mahindra to fully acquire France-based Peugeot Motocycles". The Economic Times. 25 October 2019. ISSN 0013-0389. Archived from the original on 8 July 2023. Retrieved 8 July 2023.
  24. ^ "M&M to acquire 33% stake in Mitsubishi Agricultural Machinery Company for Rs 159.24 crore". The Economic Times. Archived from the original on 10 April 2022. Retrieved 2 September 2020.
  25. ^ "Mahindra Group to acquire 33% stake in Japan's Mitsubishi Agricultural Machinery". Business Standard. 22 May 2015. Archived from the original on 10 April 2022. Retrieved 2 September 2020.
  26. ^ "Mahindra acquires 35% in Sampo Rosenlew, enters combine harvester biz - ET Auto". ET Auto. Archived from the original on 28 November 2020. Retrieved 2 September 2020.
  27. ^ "Mahindra to buy 35% stake in Finnish firm Sampo Rosenlew". Livemint. 31 March 2016. Archived from the original on 29 November 2020. Retrieved 2 September 2020.
  28. ^ Mohile, Shally (21 January 2017). "Mahindra acquires 75% stake in Turkish farm-equipment maker Hisarlar". mint. Archived from the original on 12 November 2020. Retrieved 29 December 2020.
  29. ^ Aggarwal, Varun (20 January 2017). "M&M enters Turkey, buys farm equipment company Hisarlar". The Hindu Business Line. Archived from the original on 23 November 2020. Retrieved 29 December 2020.
  30. ^ "Mahindra forays into sprayers business, acquires 26% stake in Mitra". Live Mint. 30 January 2018. Archived from the original on 18 May 2021. Retrieved 17 September 2020.
  31. ^ "M&M buys 26% stake in Omnivore-backed MITRA". ET Auto. 30 January 2018. Archived from the original on 10 April 2022. Retrieved 17 September 2020.
  32. ^ "Mahindra & Mahindra inks pact to buy 13 pc more stake in associate". Outlook India. 11 March 2020. Archived from the original on 10 May 2021. Retrieved 17 September 2020.
  33. ^ "Mahindra & Mahindra inks pact to buy 13% more stake in MITRA Agro". Business Standard. 12 March 2020. Archived from the original on 12 March 2020. Retrieved 17 September 2020.
  34. ^ "Mahindra & Mahindra acquires minority stake in onboard diagnostics startup CarSense". Financial Express. 22 February 2018. Archived from the original on 13 May 2021. Retrieved 17 September 2020.
  35. ^ "M&M to acquire up to 10% stake in Canada's Resson Aerospace Corp". Hindu Businessline. 1 March 2018. Archived from the original on 29 November 2020. Retrieved 17 September 2020.
  36. ^ "M&M to acquire up to 10% stake in Canada's IT firm Resson Aerospace Corp". Business Standard. 1 May 2018. Archived from the original on 15 February 2022. Retrieved 17 September 2020.
  37. ^ "M&M buys 11.25% stake in Swiss agri-tech firm Gamaya for Rs30 crore". Business Today. 15 June 2019. Archived from the original on 29 November 2020. Retrieved 17 September 2020.
  38. ^ "Mahindra arm invests $4 m in Swiss farm tech firm Gamaya". Hindu Businessline. 14 June 2019. Archived from the original on 29 November 2020. Retrieved 17 September 2020.
  39. ^ "Mahindra acquires 11.25% stake in agri-technology firm, Gamaya SA". ET Auto. 14 June 2019. Archived from the original on 22 October 2020. Retrieved 17 September 2020.
  40. ^ "Mahindra and Mahindra board approves acquisition of 58 lakh equity shares in Emergent Solren for ₹288 crore". CNBCTV18. 13 December 2023. Archived from the original on 13 December 2023. Retrieved 13 December 2023.
  41. ^ "Mahindra Allies With Dewulf Group To Build Potato Planters In India". Business World. 15 November 2017. Archived from the original on 18 May 2021. Retrieved 17 September 2020.
  42. ^ "M&M, Dewulf ink licence pact for potato planting equipment". Business Standard. 14 November 2017. Archived from the original on 10 April 2022. Retrieved 17 September 2020.
  43. ^ "Mahindra and Renault end joint venture". Financial Times. 19 April 2020. Retrieved 18 June 2020.
  44. ^ "Mahindra set to take control of Ford's India auto business". The Economic Times. 2 October 2019. Archived from the original on 7 April 2022. Retrieved 8 July 2020.
  45. ^ Panday, Amit (1 October 2019). "Mahindra takes the wheel of Ford's India business". Livemint. Retrieved 8 July 2020.
  46. ^ "Ford-Mahindra joint venture called off". Autocar. 1 January 2021. Archived from the original on 13 January 2022. Retrieved 14 January 2022.
  47. ^ "Mahindra-Renault launch Logan". Times of India. 3 April 2007. Retrieved 2 February 2014.
  48. ^ "500 Mahindra utility vehicles on order from Ghana Govt". MoneyControl.com. 23 January 2008. Retrieved 2 February 2014.
  49. ^ "India starts auto exports to South East Asia – India's Mahindra launches new SUV in Malaysia". IndiaDaily.com. 4 May 2005. Archived from the original on 2 February 2014. Retrieved 2 February 2014.
  50. ^ "M&M acquires Italian auto design co". The Hindu. 9 January 2008. Archived from the original on 3 February 2014. Retrieved 2 February 2014.
  51. ^ "With global brands, all the world's a stage for Mahindra". Economic Times. 12 March 2019. Archived from the original on 7 April 2022. Retrieved 19 January 2021.
  52. ^ "Mahindra launches Scorpio Pik-Up in Tunisia". Economic Times. 4 November 2013. Archived from the original on 9 November 2013. Retrieved 2 February 2014.
  53. ^ "History: About M&M". Mahindra & Mahindra Ltd. Archived from the original on 1 July 2001.
  54. ^ "Mahindra MM Range". Car Channel. IndiaMART InterMESH Limited. Archived from the original on 15 February 2008.
  55. ^ "Roplas India limited [ROPINDs] History". www.source2update.com. Archived from the original on 12 June 2023. Retrieved 12 June 2023.
  56. ^ SteveK (22 November 2020). "Roplas Bodies and Hardtops for Mahindra Jeeps". eWillys. Archived from the original on 12 June 2023. Retrieved 12 June 2023.
  57. ^ "Bombay Indians arriving next year". The Commercial Motor Archive. 7 December 1989. Archived from the original on 28 April 2023. Retrieved 28 April 2023.
  58. ^ Mahindra-Renault Launch Logan Archived 6 November 2016 at the Wayback Machine, additional text.
  59. ^ The Hindu on Mahindra International,.
  60. ^ "Mahindra-Ford's latest alliance seems to be a 1995 redux". Financial Express. 27 March 2018. Archived from the original on 13 April 2021. Retrieved 26 January 2021.
  61. ^ Mahindra Looking for Expansion Archived 22 September 2008 at the Wayback Machine,.
  62. ^ "M&M net soars 152% as Xylo picks up speed". dnaindia.com. 31 July 2009. Archived from the original on 25 March 2013. Retrieved 11 September 2009.
  63. ^ "M&M to set up assembly unit in Egypt". www.rediff.com. Archived from the original on 4 March 2016. Retrieved 11 August 2024.
  64. ^ "Global SUV". Articles.economictimes.indiatimes.com. 2 September 2011. Archived from the original on 16 July 2012. Retrieved 5 February 2012.
  65. ^ "M&M plans to launch 6 models in FY'13". 31 May 2012. Archived from the original on 1 June 2012. Retrieved 1 June 2012.
  66. ^ "Mahindra launches CNG variant of Maxximo". 29 June 2012. Archived from the original on 29 June 2012. Retrieved 29 June 2012.
  67. ^ "Mahindra launches new, 'pricier' Verito". 26 July 2012.
  68. ^ Gour, Vikram (14 August 2015). "Mahindra TUV300 set for September 10 launch". MotorScribes. Blended Media Solutions LLP. Archived from the original on 6 March 2016. Retrieved 31 December 2015.
  69. ^ Gour, Vikram (31 July 2015). "Mahindra's next SUV is inspired by a battle tank!". MotorScribes. Blended Media Solutions LLP. Archived from the original on 4 March 2016. Retrieved 31 December 2015.
  70. ^ "Mahindra launches SmartShift to connect cargo owners, transporters". Livemint. 21 October 2015. Archived from the original on 18 May 2021. Retrieved 14 February 2021.
  71. ^ "SmartShift by Mahindra to merge with logistic solutions provider Porter". The Times Of India. 23 February 2018. Archived from the original on 10 April 2022. Retrieved 14 February 2021.
  72. ^ "Mahindra's logistics arm SmartShift to merge with Porter". Business Standard. 23 February 2018. Archived from the original on 10 April 2022. Retrieved 14 February 2021.
  73. ^ "Mahindra launches KUV 100 for Rs 4.42 lakh". India Today. 15 January 2016. Archived from the original on 2 February 2022. Retrieved 2 February 2022.
  74. ^ "2017 Mahindra KUV100 NXT launch on October 10, 2017". Autocar. 6 October 2017. Archived from the original on 2 February 2022. Retrieved 2 February 2022.
  75. ^ "Mahindra launches globally engineered Marazzo priced upto Rs 13.90 lakh". Economic Times. 3 September 2020. Archived from the original on 18 May 2021. Retrieved 14 February 2021.
  76. ^ "Mahindra XUV300 crosses 26000 bookings since February 14 launch". India Today. 6 May 2019. Archived from the original on 2 February 2022. Retrieved 2 February 2022.
  77. ^ "The Mahindra XUV300 Has Achieved Global NCAP's First Ever 'Safer Choice' Award". Globalncap. 17 February 2020. Retrieved 2 February 2022.
  78. ^ "Mahindra Thar 2020 launched in India at ₹9.80 lakh". Livemint. 2 October 2020. Archived from the original on 18 May 2021. Retrieved 22 February 2021.
  79. ^ "Mahindra XUV700 launched, full variant-wise price list announced". Times of India. 30 September 2021. Archived from the original on 14 January 2022. Retrieved 14 January 2022.
  80. ^ Ahluwalia, Prachi (20 May 2022). "All-New Mahindra Scorpio-N India Launch on 27th June: Biggest Scorpio Ever!". Times of India. Retrieved 15 December 2024.
  81. ^ Ulrich, Lawrence (24 December 2009). "2009 Was a Clunker. Time to Cash It In". The New York Times. Archived from the original on 15 January 2019. Retrieved 27 December 2009.
  82. ^ "Mahindra says it has dropped Global Vehicles as U.S. importer". AutoWeek. 27 August 2010. Archived from the original on 22 February 2014. Retrieved 17 February 2014.
  83. ^ a b "Mahindra Planning Kit Assembly of Diesel Pickups To Avoid Chicken Tax". Motor Trend, Benson Kong, 1 June 2009. June 2009. Archived from the original on 15 June 2013. Retrieved 22 September 2009.
  84. ^ "Report: Mahindra introduction to U.S. 'indefinitely delayed'". Autoblog. 18 October 2010. Retrieved 19 October 2010.
  85. ^ "Global Vehicles USA Still Hopes to Sell Mahindra Truck by Spring". pickuptrucks.com. 8 November 2010. Archived from the original on 15 January 2011. Retrieved 12 January 2011.
  86. ^ Edward Niedermeyer (30 December 2010). "Mahindra Delay Explained? New Pickup Model Coming". The truth about cars. Archived from the original on 19 February 2011. Retrieved 12 January 2011.
  87. ^ Golfen, Bob (6 June 2012). "Jilted Dealers Sue Indian Automaker". SPEED Channel. Fox Sports. Archived from the original on 10 June 2012. Retrieved 6 June 2012.
  88. ^ "Mahindra opens Detroit's 1st car-making plant in 25 years". The Financial Express. 20 November 2017. Archived from the original on 1 December 2017. Retrieved 21 November 2017.
  89. ^ America, Mahindra Automotive North. "Mahindra Unveils New Off-Road Vehicle: ROXOR". www.prnewswire.com (Press release). Archived from the original on 23 March 2018. Retrieved 22 March 2018.
  90. ^ "Mahindra & Mahindra Defense Division" Archived 5 September 2015 at the Wayback Machine, Mahindra Corporate Web site. Retrieved 5 December 2011.
  91. ^ Gupta, Ritvik (31 May 2020). "Mahindra Armoured Vehicles: The Indigenous Line of Defence". The GoMechanic Blog. Archived from the original on 27 February 2021. Retrieved 23 March 2021.
  92. ^ Gooptu, Biswarup (21 March 2012). "Govt's 26% cap for FDI in defence a challenge: Dean McCumiskey, CEO, BAE Systems India". The Economic Times. Archived from the original on 5 March 2016. Retrieved 9 October 2012.
  93. ^ "Make in India: Mahindra Group bags multi-million dollar aerospace deal with Airbus". Economic Times. 14 July 2018. Retrieved 8 May 2021.
  94. ^ "Mahindra Powerol forays into gas genset segment". The Hindu Businessline. 11 April 2018. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  95. ^ "Mahindra Powerol wins Deming Prize for 2014". IIFL. 18 November 2014. Archived from the original on 10 May 2021. Retrieved 8 May 2021.
  96. ^ ""Farm Equipment", Mahindra Corporate Website. Retrieved 5 December 2011". Mahindra.com. Archived from the original on 9 February 2012. Retrieved 5 February 2012.
  97. ^ a b c d e "Mahindra & Mahindra Farm Equipment Division" Archived 12 September 2015 at the Wayback Machine, Mahindra Corporate Website. Retrieved 5 December 2011.
  98. ^ a b "M&M unit receives Deming award". The Hindu. 13 October 2003. Archived from the original on 1 October 2012. Retrieved 2 February 2014.
  99. ^ "Press Release: M&M Tractors awarded the Deming for excellence in quality". Mahindra Group. Archived from the original on 19 February 2014. Retrieved 2 February 2014.
  100. ^ "Mahindra's FES wins Japan quality medal". Business Standard. 5 February 2013. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  101. ^ "Innovative Product/Service (GPIPSA)". Golden Peacock Awards. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  102. ^ "Mahindra & Mahindra plans to add farm mechanisation products". DNA. 8 April 2014. Archived from the original on 10 May 2021. Retrieved 8 May 2021.
  103. ^ "Mahindra launches new small tractor 'JIVO'". The Economic Times. 10 April 2017. Archived from the original on 10 May 2021. Retrieved 8 May 2021.
  104. ^ "Mahindra Sarpanch Plus tractor launched in Maharashtra: Price, power, warranty". Financial Express. 22 June 2020. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  105. ^ "Mahindra launches new potato planting machinery in Punjab, UP, Gujarat". Tribune India. 8 September 2020. Retrieved 8 May 2021.[permanent dead link‍]
  106. ^ "Mahindra's Farm Equipment Sector rolls out Krish-e centres in Maharashtra". Business Standard. 2 April 2020. Archived from the original on 10 May 2021. Retrieved 8 May 2021.
  107. ^ "Mahindra launches new Yuvo Tech + tractor; will be available in three models". Free Press Journal. 12 October 2021. Archived from the original on 14 January 2022. Retrieved 14 January 2022.
  108. ^ "Mahindra Launches Oja range of tractors". Mahindra. 15 August 2023. Retrieved 15 December 2024.
  109. ^ "maxx-hd". auto.mahindra.com. Archived from the original on 21 March 2024. Retrieved 21 March 2024.
  110. ^ "Authentic SUVs | Explore the Impossible". auto.mahindra.com. Archived from the original on 21 March 2024. Retrieved 21 March 2024.
  111. ^ "New Mahindra Electric SUV | Electric SUVs". Born Electric. Archived from the original on 22 January 2024. Retrieved 22 January 2024.
  112. ^ "India's Mahindra opens first assembly plant in South Africa". Reuters. 25 May 2018. Archived from the original on 3 September 2021. Retrieved 3 September 2021.
  113. ^ "Why auto cos Mahindra & Mahindra and Honda name their products to ride on luck". Economic Times. 21 March 2013. Retrieved 18 June 2020.
  114. ^ "Mahindra wins Bombay Chamber Good Corporate Citizen Award". MoneyControl.com. 25 September 2007. Archived from the original on 4 February 2014. Retrieved 2 February 2014.
  115. ^ "FM tells corporates to embrace PM's social charter". The Hindu. 17 May 2008. Archived from the original on 4 February 2014. Retrieved 2 February 2014.
  116. ^ "FICCI – SEDF CSR Award 2007" (PDF). FICCI-SEDF. 16 May 2008. Archived from the original (PDF) on 2 September 2013. Retrieved 2 February 2014.
  117. ^ "Samsung is India's most trusted brand followed by Sony, Tata". Business Standard. 29 January 2014. Archived from the original on 3 February 2014. Retrieved 2 February 2014.
  118. ^ "Samsung beats Nokia to become India's most trusted brand of 2014". DNA India. 30 January 2014. Archived from the original on 3 February 2014. Retrieved 2 February 2014.
  119. ^ The Machinist on M&M winning the Japan Quality Medal Archived 8 June 2009 at the Wayback Machine, additional text.
  120. ^ "Reputation Institute Global 200". Forbes. 4 June 2008. Archived from the original on 3 February 2014. Retrieved 2 February 2014.
  121. ^ "Reputation Benchmark Study" (PDF). Archived (PDF) from the original on 25 June 2012. Retrieved 14 August 2023.
  122. ^ "Blue Bytes". Bluebytes.info. Archived from the original on 1 August 2018. Retrieved 20 October 2018.
  123. ^ "Mahindra wins top Corporate Governance and CSR awards at Asiamoney Awards 2016". Auto News Press. 11 January 2017. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  124. ^ "Here Are the Winners of the 2017 Time India Awards". Time. 27 January 2017. Retrieved 1 June 2021.
  125. ^ "Mahindra's Igatpuri plant becomes India's first carbon-neutral facility". Autocar. 30 November 2018. Archived from the original on 2 June 2021. Retrieved 28 May 2021.
  126. ^ "Mahindra's Igatpuri plant India's first Carbon Neutral Facility: Here's what it means". Financial Express. 4 December 2018. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  127. ^ "Seven Mahindra & Mahindra plants bag JIPM awards". Autocar. 22 March 2018. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  128. ^ "Interbrand unveils 2019 Best Indian Brands: Celebrates Brave Growth amidst Change". Interbrand. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  129. ^ "RIL, HDFC among 57 Indian companies on Forbes Global 2000 list". Economic Times. 13 June 2019. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
  130. ^ "Fortune's 2019 Change the World List: Companies to Watch". Fortune. 19 August 2019. Archived from the original on 18 April 2021. Retrieved 1 June 2021.
  131. ^ "Most Trusted Brands Of India 2021". CNBCTV18. 12 April 2021. Archived from the original on 2 June 2021. Retrieved 1 June 2021.
Wikimedia Commons has media related to Mahindra and Mahindra.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Mahindra_%26_Mahindra&oldid=1264299322"