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Mahindra ShubhLabh Services enters into Joint Venture with UNIVEG

Featured, Latest News, Mahindra
Article by Hamza Ansari
Mahindra ShubhLabh Services enters into Joint Venture with UNIVEG
Remembered, once long back we reported about the Mahindra is about to sell fruits, now it seems the deal is confirmed and the Mahindra ShubhLabh Services Ltd. (subsidiary of Mahindra & Mahindra Ltd.) part of the USD 16.7 billion Mahindra Group, signed a joint venture agreement with UNIVEG, a Belgium based Euro 3.2 billion Fresh Produce company. The joint venture, between Mahindra and the UNIVEG Group will have Mahindra ShubhLabh Services Ltd (MSSL) and UNIVEG holding 60 and 40 percent equity respectively in the company. The JV will focus on developing fresh fruit supply chain to provide high quality fruits that meets the needs of both the domestic and international markets. Other than grapes [...]

Ssangyong Motor’s global sales record 13,232 units in March 2014

Featured, Latest News, Mahindra
Article by Hamza Ansari
Ssangyong Motor’s global sales record 13,232 units in March 2014
Ssangyong Motor, the Korean auto making company owned by the Mahindra Group, made an announcement of a total sale of 13,232 units during March 2014 – 5,850 units in domestic sales and 7,382 in exports, including CKD kits. Sales of the March 2014 posted a year-on-year growth of 23% and 17.3% on an accumulated basis. The figures were led by the continuous efforts of New Korando C which continues to entice the customers in its domestic country as well as in export markets. In its domestic market, SsnagYong grew by 18.8% over the same period of last year with a cumulative sales growth of 26.4%. A 30% growth of Korando Sports and Rexton W with the New Korando C is also reported. Moving to the exports, [...]

Maruti Stood First During FY 2013-14, Followed by Hyundai and Mahindra

Featured, Hyundai, Latest News, Mahindra, Maruti Suzuki
Article by Hamza Ansari
Maruti Stood First During FY 2013-14, Followed by Hyundai and Mahindra
As the sales of auto industry getting more acute during these days, with the specific 6 percent fall seen during the FY 2013-14, the automakers still managed to get their sufficient pie of revenue. Maruti Suzuki remained the undisputerd king of all the times on the No.1 position, followed by Hyundai on the second. The rejig happened at the third where Mahindra took over the Tata, and became the third largest passenger vehicle maker in the country. Tata’s share had dropped drastically rating it back to a spot back to more than a couple of decades, but still it hadn’t fallen down than the fourth position. On the fifth came the Honda, thanks to its Amaze and new Honda City, introduced in the [...]

New SsangYong Rexton RX6 in Development

Featured, Latest News, Mahindra, Upcoming Cars
Article by Hamza Ansari
New SsangYong Rexton RX6 in Development
Mahindra-owned SsangYong has always remained on the bar of mercury for readying the new vehicles silently. But now it seems, the slightly deem daylight had reached the undercover R&D department of SsangYong and its upcoming output is sounding like a “Rexton RX6”. Hopefully, the Rexton RX6 will be an all new variant of the premium SUV, which will be powered by the Mercedes sourced 2.7-litre, five-cylinder, turbo-diesel motor, delivering 162bhp, after mated with a five-speed manual gearbox. Though, it remains clear Mahindra wanted to penetrate the new set of customers with this new variant. On the flipside, the carmaker will retain all the features of the top-end trim Rexton automatic RX7 [...]

Mahindra Group Appoints Ruzbeh Irani as Chief Group Communications & Ethics Officer

Latest News, Mahindra
Article by Hamza Ansari
Mahindra Group Appoints Ruzbeh Irani as Chief Group Communications & Ethics Officer
Ruzbeh Irani appointed as Chief Group Communications & Ethics Officer Mahindra Group, effective from April 1 this year. Ruzbeh is also a member of the Mahindra Group Executive Board. Commenting on the appointment, Mr. Anand Mahindra, Chairman, Mahindra Group, said: “Communication plays a vital role in building the Mahindra brand on the global stage, and in strengthening our internal culture. It is especially crucial, given the Mahindra Group’s aspiration of joining the ranks of the Top 50 most admired global brands by 2021.” Ruzbeh was good in strategic orientation, and international credentials has helped him to get the enormous value to this role in which he will work with all Mahindra [...]
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