Pawan Goenka News

On the sidelines of World Economic Forum (WEF) at Davos in Switzerland, Pawan Goenka, Managing Director of Mahindra & Mahindra told Zee Business that the government should take a very aggressive stand to revive the economy. 

The company, which sells utility vehicles ranging from compact KUV100 to XUV500, also has plans to introduce a new electric vehicle in the next two years.

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 Home grown auto major Mahindra & Mahindra (M&M) will continue selling XUV500 and Scorpio with 1.99 litre engine in Delhi/NCR till the "dust settles" after the Supreme Court order lifting the ban on 2,000 cc and above diesel vehicles earlier this month.

Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given voluntary retirement scheme to 250 workers as part of the process.

Automobile giant Mahindra & Mahindra has become the first Indian company to join a global energy campaign led by an international non-profit group that will work with the world's most influential businesses in setting commitments to double their energy productivity.

Diversified group Mahindra today announced the entry into dairy segment with the launch of Saboro brand.

Mahindras Thursday acquired 33 percent stake in farm machinery arm of Mitsubishi Heavy Industries for USD 25 million and would look at jointly developing products for global markets in the tractor and agri-equipment space.

The auto division of Mahindra & Mahindra on Wednesday announced the inauguration of its extended automotive manufacturing facility in Zaheerabad in Telangana.

Thrust on technology and product development is crucial for government's 'Make in India' initiative as without it India can never become a "true manufacturing nation", according to a top Mahindra executive.

Mahindra Two Wheelers Tuesday completed the 28 million euro acquisition of 51 percent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.

M&M, which had already launched the 'e2o' electric vehicles in the country, was not quite satisfied with the sales performance.

Mahindra Two-Wheelers, a fringe player in the domestic market, Tuesday signed a pact to acquire 51 percent stake for euro 28 million (about 217 crore) in Peugeot Motocycles, part of the euro 54 billion French auto major PSA Group.

Tesla Motors makes electric vehicles, including sports car Roadster, sedan Model S and SUV Model X.

Mahindra and Mahindra Ltd , India`s biggest sports utility vehicle (SUV) maker, said on Friday it had no `definitive` plans about setting up a manufacturing plant in Brazil, as reported by newspaper.