The Ministry of Heavy Industries has approved ₹246 crore in incentives for Tata Motors and Mahindra & Mahindra (M&M) under the production-linked incentive (PLI) scheme for the financial year 2023-24. The incentives recognize sales of electric vehicles and components under the government’s initiative to promote advanced automotive technologies. Tata Motors received ₹142 crore in incentives […]
Mahindra & Mahindra Limited has announced the incorporation of Target Hybren Private Limited, a wholly-owned subsidiary of Mahindra Susten Private Limited (MSPL). This new subsidiary was registered on December 6, 2024, in Mumbai, Maharashtra. MSPL is itself a subsidiary of Mahindra Holdings Limited, which is fully owned by Mahindra & Mahindra. The authorized and paid-up […]
Mahindra & Mahindra Limited has announced its financial results for the second quarter (Q2) and the half-year ending September 30, 2024. The company reported a consolidated profit after tax (PAT) of ₹3,171 crore for Q2, reflecting a 35% year-over-year increase from ₹2,348 crore in Q2 of the previous year. Consolidated revenue for the quarter rose […]
Mahindra & Mahindra (M&M) has inaugurated two new testing facilities in Kanchipuram, Tamil Nadu, aimed at enhancing SUV safety and advancing battery technology. These facilities, including a passive safety lab and a battery and cell research lab, represent an investment of over ₹300 crore, according to a press release issued by the company. The passive […]
