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- Press Release
Mahindra Renault launches the Logan in Nepal
Mumbai: Mahindra Renault Pvt. Ltd. (MRPL), a Joint Venture between Mahindra & Mahindra Ltd. (M&M) and Renault SA of France launched the Logan passenger car in Nepal. Agni Incorporated Pvt. Ltd., the current distributor of Mahindra vehicles in Nepal, will be the local distributor for the Logan. Customers will be able to purchase two variants of the Logan, the 1.4 GLE Petrol and the 1.5 DLS Diesel initially and other variants subsequently.
20 Aug,2008 - Press Release
M&M acquires majority 3rd largest tractor company in China,forms JV with Yancheng Tractor Company
Mumbai: Mahindra’s Farm Equipment Sector, one of the world’s top tractor brands and the market leader in India, today signed an agreement to form a Joint Venture (JV) in China with Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd. (Yancheng Tractor), a leading Chinese tractor manufacturer. The tractor related assets & current liabilities of Yancheng Tractors will be transferred to this JV. The value of net assets transferred to this JV will be RMB 335 million (USD 50 million approx.). Mahindra will hold 51 per cent (outlay approx.
18 Aug,2008 - Press Release
Nalin Mehta appointed Chief Executive Officer of Mahindra Renault Pvt Ltd
Mumbai: Mahindra Renault Pvt. Ltd. (MRPL), a joint venture between Mahindra & Mahindra and Renault S.A. of France, today announced the appointment of Mr. Nalin Mehta as Chief Executive Officer. Mr. Mehta will join the board of MRPL. Mr. Mehta will assume responsibility from Mr. Rajesh Jejurikar who will step down as Managing Director of MRPL from October 1, 2008. Mr. Jejurikar will, however, continue on the board of MRPL.
05 Aug,2008 - Press Release
Mahindra Group Consolidated Net Profit up by 36.7%
Mumbai: Mahindra and Mahindra Limited today announced the unaudited financial results of the consolidated Mahindra Group for the first quarter ended 30th June 2008.
01 Aug,2008 - Press Release
Mahindra & Mahindra to enter the two-wheeler industry
Mumbai: Mahindra & Mahindra Ltd. (M&M), one of India's leading automotive companies, today announced that its Board of Directors has approved the acquisition of business assets of Pune-based Kinetic Motor Company Ltd. (KMCL). The acquisition will be done through a New Company to be formed. (New Co.). The consideration for the acquisition is a sum of Rs. 110 crores (subject to closing due diligence) plus 20 percent stake to KMCL in the New Co. M&M will hold the balance 80 per cent of the equity.
30 Jul,2008 - Press Release
M&M Q1 gross revenues up by 26%
Mumbai: The Board of Directors of Mahindra and Mahindra Limited today announced the unaudited financial results for the first quarter ended 30th June 2008 for the company and for the consolidated Mahindra Group.
30 Jul,2008