M&M said simplifying the structure will drive improvements through innovation, execution excellence, efficiencies and economies of scale. Besides, it will also unlock shareholder value. The board of Mahindra & Mahindra (M&M) on Friday granted an in-principle approval for consolidation of Mahindra Electric Mobility Ltd, a step-down subsidiary, into the company. The consolidation would categorise the […]
M&M subsidiary completes sale of DSPL to CLP India
Mahindra & Mahindra (M&M) on 16 April 2020 said its renewable energy subsidiary completed sale of its arm Divine Solren to CLP India for Rs 124.47 crore. Mahindra & Mahindra’s (M&M) wholly owned step-down subsidiary, Mahindra Renewables (MRPL), has completed the sale of the entire paid-up equity share capital of 1.20 crore equity shares held […]
M&M buys 36.63% stake in Meru for Rs 44.7 crore
On August 31, M&M had said it would buy up to 55 per cent stake in tranches. Mahindra & Mahindra (M&M) on Thursday acquired 36.63 per cent stake in cab-operator Meru in an all-cash deal for Rs 44.71 crore, in its bid to tap the growing shared mobility space. The utility vehicle makers plans to […]
M&M stops producing India’s first electric car model amid flagging sales
Mahesh Babu, chief executive at Mahindra Electric, confirmed that the company had stopped the production of the model for the domestic market Mahindra Electric Mobility, the electric vehicle arm of Mahindra & Mahindra (M&M), has discontinued the production of the e2oPlus, the four-door hatchback based on the Reva platform, for the domestic market amid flagging […]