Coronavirus Outbreak: Mahindra & Mahindra to produce high-spec ventilators priced at less than Rs 7,500 to help deal with crisis
The development comes within days after Anand Mahindra announcing that Mahindra group will offer all possible assistance to deal with COVID-19.
EV dream not very far, need priority financing, cut in import duties of some parts: M&M managing director Pawan Goenka
Automobile major Mahindra & Mahindra (M&M) on Thursday said India's electric vehicles dream is not far from realisation but it needs steps like priority financing and duty reduction on certain parts to push e-mobility in the country
Anand Mahindra to step down as Group chairman from 1 April 2020; to become non-executive chairman of home-grown auto major
Besides Anand Mahindra and Goenka, a slew of senior appointments have been made, according to a filing to the Bombay Stock Exchange
Sign of revival in automobile sector; coming six-week festive season will be decisive, says Mahindra's MD Pawan Goenka
"If the sale remains encouraging, the automobile sector will gather pace," Goenka said
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The government slashed corporate tax to 22% without exemptions or incentives for domestic and new manufacturing companies
Owing to the slowdown in the automobile industry, Mahindra & Mahindra has deferred its planned capex of around Rs 1,000 crore by a year, which, if not reversed within this fiscal, would lead to more job losses in the sector, the company's MD Pawan Goenka said on Thursday
M&M plans to roll out three new electric vehicles; with 'tectonic shift' in auto industry, time ripe for shift, says Anand Mahindra
The task of going all EVs (electric vehicles) is achievable and India has the potential to become a hub for these vehicles, said Chairman Anand Mahindra.
"We are investing Rs 1,000 crore by 2020 for electric vehicles including the electric three-wheeler range - Treo and Treo Yaari vehicles," Mahindra and Mahindra MD and Mahindra Electric Chairman Pawan Goenka said
Electric vehicle segment to stabilise in India over next five years, says M&M managing director Pawan Goenka
Speaking at the annual convention of SIAM, M&M Managing Director Pawan Goenka said with EV prices coming down and demand picking up for such vehicles, subsidy requirements would come down over a period of time
Mahindra MD Pawan Goenka took home Rs 8.70 crore while chairman Anand Mahindra drew Rs 8.03 cr in FY18
Goenka's remuneration, which included perquisite value of ESOPs exercised, was more than group Executive Chairman Anand Mahindra, who took home Rs 8.03 crore.
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Mahindra had showcased its first ever all-electric sports car, the Halo at the 2014 Auto Expo in New Delhi, which had elicited a huge response.
Industry players said there has to be a holistic approach to combat pollution in the national Capital and focus must also be on phasing out old vehicles
The quantum of investment, however, would depend on various factors like market conditions and success of various projects that are currently underway in the US
long-term beneficial impact of demonetisation on the economy would be very much if the government was able to do what they had set out to do with the note ban.
Goenka also said M&M is planning new vehicle with Italian design Pininfarina, which it had acquired in 2015 and there is a possibility of an all electric vehicle
In 2015-16, Mahindra Two Wheeler saw sales declined by 12.7 percent at 133,355 units