Tag: mahindra

Man Criticises Mahindra Car Designs, Service Quality. Anand Mahindra Replies

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Man Criticises Mahindra Car Designs, Service Quality. Anand Mahindra Replies

Anand Mahindra, chairman of the Mahindra Group, has responded to a critical tweet targeting the company’s car designs, service quality, and reliability, even comparing it unfavourably to competitors like Hyundai. This came after Mahindra launched its new electric vehicle range, the BE6e and XEV 9e. The scathing X post, in part, read, “Every single product…

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Nation

M&M Q4 profit rises 4% to ₹2,754 cr. as Tech M weighs

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M&M Q4 profit rises 4% to ₹2,754 cr. as Tech M weighs

Anish Shah. | Photo Credit: PTI Mahindra & Mahindra Ltd. (M&M) reported fourth-quarter consolidated net profit grew 4% YoY to ₹2,754 crore, weighed down by weaker profitability at Tech Mahindra. Consolidated revenue grew 9% to ₹35,452 crore. Net profit grew 10% in FY24 to ₹11,269 crore and revenue rose 15% to ₹1,39,078 crore. “It has been…

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Business

FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

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FirstCry set to withdraw 0 million IPO papers after regulatory scrutiny

FirstCry parent BrainBees filed papers with SEBI last December for an IPO that would have been one of the country’s biggest this year.  | Photo Credit: Special Arrangement Retailer FirstCry is set to withdraw its papers for an up to $500 million Initial Public Offering (IPO) as early as next week, after markets regulator raised…

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Business

Mahindra to use Volkswagen electric components, battery cells

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Mahindra to use Volkswagen electric components, battery cells

Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use certain platform components, as well as Volkswagen’s unified battery cell, for its own electric platform,…

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Business

Embraer teams up with Mahindra to bid for IAF’s medium transport aircraft deal

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Embraer teams up with Mahindra to bid for IAF’s medium transport aircraft deal

Brazilian aircraft manufacturer Embraer Defense & Security and Mahindra signed a Memorandum of Understanding (MoU) to jointly bid for the Indian Air Force’s (IAF) Medium Transport (MTA) Aircraft tender. Embraer is pitching its C-390 Millennium multi-mission aircraft for the deal. The MoU was signed at the Embassy of Brazil in New Delhi on Friday. “We…

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Business