Key Developments: Mahindra and Mahindra Ltd (MAHM.BO)

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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Ltd to invest 40 bln Indian rupees for expansion at Chakan plant-BusinessLine
Wednesday, 27 Aug 2014 08:00pm EDT 

Mahindra And Mahindra Ltd:Invests an additional 40 bln Indian rupees for expansion at Chakan plant - BusinessLine.Investment will take place over seven years and take total investment in Chakan to 80 bln Indian rupees.Money will be utilized towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant.  Full Article

Mahindra And Mahindra Ltd announces imposed penalty by Competition Commission of India
Tuesday, 26 Aug 2014 04:43am EDT 

Mahindra And Mahindra Ltd:Says Honourable Competition Commission of India (CCI) has on Aug. 25 published an order against fourteen Automobile companies including Mahindra & Mahindra Ltd.It has imposed a penalty of 2 pct of the average annual turnover for the years 2007-2008, 2008-2009 and 2009-2010.The amount of penalty imposed on Mahindra & Mahindra Ltd is 2.9225 bln Indian Rupees.  Full Article

Mahindra And Mahindra Ltd's MCS forms JV with Japanese Tsubaki Chain Co, sells stake-Business Standard
Monday, 4 Aug 2014 07:36am EDT 

Mahindra And Mahindra Ltd:Tsubaki Chain Co has acquired a majority stake in Mahindra Conveyor Systems Pvt Ltd (MCS), a subsidiary of Mahindra And Mahindra Ltd-Business Standard.Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 pct) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe.MCS will be renamed as Mahindra Tsubaki Conveyor Systems Pvt Ltd.  Full Article

Mahindra And Mahindra Ltd recalls 23,000 units of Scorpio-Business Standard
Wednesday, 9 Jul 2014 04:01am EDT 

Mahindra And Mahindra Ltd:Is recalling around 23,000 units of a select variant of its popular sports utility vehicle Scorpio to rectify faulty pressure regulating valves-Business Standard.It would carry out preventive inspection of some parts of its Scorpio Ex variant manufactured between May 2012 and Nov. 2013.  Full Article

Mahindra And Mahindra Ltd recommends dividend
Friday, 30 May 2014 05:08am EDT 

Mahindra And Mahindra Ltd:Recommended dividend of 13.50 Indian rupees (270 pct) per ordinary (equity) share.Also special dividend of 0.50 Indian rupees (10 pct) per ordinary (equity) share about 14 Indian rupees (280 pct) per ordinary share of face value of 5 Indian rupees each.  Full Article

Mahindra And Mahindra Ltd announces employees not reporting to duties
Monday, 28 Apr 2014 02:29am EDT 

Mahindra And Mahindra Ltd:Says that a section of employees are not reporting to duties in a concerted manner at the Company’s Tractor manufacturing Plants situated at Mohali, Punjab.Their demands are unjustified and matter is in conciliation with the Labour Commissioner’s Office.Management is reasonably sure that better sense will prevail with this section of employees and the matter will be resolved amicably.  Full Article

Mahindra And Mahindra Ltd's agri division enters into Joint Venture with HZPC
Wednesday, 23 Apr 2014 04:31am EDT 

Mahindra And Mahindra Ltd:Says Agri division of Mahindra & Mahindra Ltd, signed a joint venture agreement with HZPC, Holland.Joint venture will have Mahindra and HZPC holding 60 and 40 percent equity respectively in the company.  Full Article

Mahindra And Mahindra Ltd announces High Court approval of scheme of arrangement
Friday, 7 Mar 2014 06:23am EST 

Mahindra And Mahindra Ltd:Says Hon’ble High Court of Judicature at Bombay has approved a scheme of arrangement.The arrangement between Mahindra Trucks and Buses Ltd (MTBL), a subsidiary the company.  Full Article

Mahindra And Mahindra Ltd Announces Board Change
Wednesday, 13 Nov 2013 03:23am EST 

Mahindra And Mahindra Ltd announced that the Board of Directors of the Company at its Meeting held on November 13, 2013, has approved that the Mr. Bharat Doshi, Executive Director and Group Chief Financial Officer (CFO) of the Company has decided to step down from his executive position with effect from the close of working hours on November 13, 2013. Mr. V. S. Parthasarthy has been appointed as the CFO of the Company with effect from November 14, 2013.  Full Article

Mahindra And Mahindra Ltd To Enter Branded Fruits Business - Business Standard
Tuesday, 29 Oct 2013 07:33am EDT 

Business Standard reported that Mahindra And Mahindra Ltd is planning to commercialize banana ripening as a backward integration to support its launch of branded fruits early next month. The Company entered into banana procurement, ripening and marketing in August this year on pilot basis in Delhi. It is set to introduce long, spotless bananas with increased shelf life on commercial basis next month and expand its forte to Mumbai early next year. M&M has engaged over 100 farmers primarily in two states Gujarat and Uttar Pradesh for working closely with them under its Farm Tech Prosperity scheme. It provides seed, fertilizer and herbicides in addition to timely guidance on improved farm practices to them for better productivity. Later, it wants to expand its banana farming to Maharashtra also.  Full Article

India's Mahindra in talks to buy Peugeot's scooter unit - Bloomberg

NEW DELHI/PARIS, Sept 16 - Mahindra & Mahindra Ltd , India's largest utility vehicle maker, is in advanced talks to buy PSA Peugeot Citroen's scooter business, Bloomberg reported on Tuesday, citing three unnamed sources familiar with the matter.

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