Mahindra and Mahindra Official News – Page 9

Mahindra & Mahindra Financial Results- 2Q, FY-2019

Q2 M&M + MVML Revenue at Rs. 12790 crores up by 6%

Q2 M&M + MVML PAT after (EI) at Rs.1779 crores up by 26%

Mumbai, 14th November 2018: The Board of Directors of Mahindra & Mahindra Limited today announced the financial results for the quarter ended 30th September 2018 of the Company and the consolidated Mahindra Group.

Q2 F2019 – M&M + MVML* Results

Rs. crores

Q2 F2019
Q2 F2018
Growth % YoY

Revenues and Other Income
13,638
12,574
8%

Profit from ordinary activities Before Tax (before EI)
2,161
2,035
6%

Profit from ordinary activities Before Tax (after EI)
2,298
2,035
13%

Profit from ordinary activities After Tax (after EI)
1,779
1,411
26%

Operating margin (OPM)
14.5%
16.0%

Vehicles sold (Nos)
1,41,163
129,754
9%

Tractors sold (Nos)
73,012
76,984
-5%

Exports (vehicles and tractors) (Nos)
13,377
11,755
14%

For Q2 F2019, the Indian auto industry (excluding two wheelers) posted a moderate growth of 4.8%. This moderation in growth was due to a high base from Q2 F2018, shift of the festive season to Q3 F2019 and partial slowing down of demand for passenger vehicles especially in urban parts of the country. The passenger vehicle industry reported a de-growth of 3.6%, with the utility vehicle de-growing 8.1%. The commercial vehicle goods industry posted a robust growth of 29.8%, with LCV < 3.5T goods segment growing 31.3% and the MHCV goods segment grew 29.5%. The demand in the LCV < 3.5T segment was driven by a strong rural demand coming from the agri sector and sustained efforts for rural development coupled with affordable finance. The MHCV segment growth is driven by sustained investment in road, infra projects and an uptick in IIP. In Q2 F2019, the total domestic automotive volume for the Company grew by 8.8% and the HCV volume with sales of 3078 trucks grew by 48.1%. The Company exported 9,244 vehicles during the current quarter, a growth of 18.9% over the corresponding quarter previous year.

The domestic tractor industry witnessed a decline of 2.6% in Q2 F2019 on account of shift in festive season to Q3 F2019 which resulted in the company’s domestic tractor sales also declining by 5.2% in Q2 F2019. With the healthy reservoir levels, progress on rabi sowing and increase in minimum support prices of Rabi crops we expect the growth momentum to pick up in the coming months.

Outlook:

Real GDP growth, according to the RBI's estimates, is projected to improve from 6.7 per cent in 2017-18 to 7.4 per cent in 2018-19. Rising gross fixed capital formation, driven by the government’s focus on the road sector and affordable housing along with higher private spending has helped buoy growth so far. The monsoon was marked by an overall deficit of 9 per cent but distribution of precipitation remained conducive along with higher water reservoir levels. Therefore, the first advance estimates of production of kharif crops for 2018-19 have placed food grains production being 0.6 per cent higher than last year’s level.

Going forward, growth will be a function of evolving liquidity conditions as well as private and government spending. Among global factors, crude oil price behaviour and US-China trade policy maneuvering will be the key factors to watch out for.

H1 F2019 – M&M + MVML Results

Rs. crores

H1 F2019
H1 F2018
Growth % YoY

Revenues and Other Income
27,189
23,580
15%

Profit from ordinary activities Before Tax (before EI)
3,991
3,165
26%

Profit from ordinary activities Before Tax (after EI)
4,153
3,165
31%

Profit from ordinary activities After Tax (after EI)
3,036
2,163
40%

Operating margin (OPM)
15.1%
14.7%

Q2 & H1 F2019 – M&M Standalone Results

Rs. crores

Q2 F2019
Q2 F2018
H1 F2019
H1 F2018

Revenues and Other Income
13,835
12,745
27,620
25,326

Profit from ordinary activities After Tax (after EI)
1,649
1,332
2,870
2,081

Q2 & H1 F2019 – Group Consolidated Results

Rs. crores

Q2 F2019
Q2 F2018
Growth % YoY
H1 F2019
H1 F2018
Growth % YoY

Revenues and Other Income
26,125
22,725
15%
52,386
45,937
14%

Profit after tax after Non-Controlling Interest (before EI and one-off items)
1,075
988
9%
2,456
1,845
33%

Profit after tax after Non-Controlling Interest (after EI and one-off items)
1,633
2,029
-20%
3,363
2,886
17%

A full summation of Gross Revenues and other income of all the group companies taken together for the half year ended 30th September 2018 is Rs. 70,934 crores (USD 10.6 billion).

Note: Translation of rupee to dollar is a convenience translation at the average exchange rate for the twelve-month period ended 30th September 2018.

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Landline – + 91 22 28468510
Email – nair.mohan@mahindra.com

Mahindra and Ford Sign Agreements on Powertrain Sharing and Connected Car Solutions

Agreements strengthen the ongoing strategic collaboration between two of the world’s leading automotive brands
Mahindra to supply Bharat Stage VI (BS-VI) compliant gasoline engines to help Ford strengthen its petrol portfolio in current and future product programs for India
Mahindra and Ford to jointly develop connected vehicle solutions to be deployed across Mahindra and Ford products

New Delhi, India, October 17, 2018 – Mahindra Group and Ford today strengthened their ongoing strategic alliance in India with the signing of two definitive agreements.

The two definitive agreements on powertrain sharing and connected car solutions reinforce the progress made in the strategic alliance between the two companies, first announced in September 2017 and followed up with five Memoranda of Understanding (MoU) in March 2018.

Under the definitive agreement on powertrain sharing, Mahindra Group will develop and supply a low-displacement petrol engine to Ford India for use in its present and future vehicles, starting in 2020. The BS-VI compliant powertrain will help Ford extend and strengthen its existing offering of petrol engines, that currently includes the all-new 3-cylinder TiVCT family.

Building on their intent to co-develop a suite of connected car solutions, Mahindra and Ford also announced joint development of a telematics control unit. Once developed, the connected vehicle solution will be deployed across both Mahindra and Ford vehicles.

Speaking on the occasion, Dr Pawan Goenka, Managing Director, Mahindra and Mahindra Ltd. said, “Today’s announcement further builds on commitments made so far, leading to a fruition of exciting new opportunities. We are confident to meet customer expectations by working together on a number of joint development areas. Going forward we will continue to identify the synergies that exist between the two companies.”

“We are pleased with the progress our teams have made since we announced our strategic alliance with Mahindra Group a year ago,” said Jim Farley, Ford executive vice president and president of Global Markets. “Today we go further in delivering even greater value. With our collaboration in powertrain and connected car solutions, we will deliver an affordable portfolio and enable our Indian consumers to get behind the wheel, feeling more confident and connected.”

Both companies continue to make progress on the remaining MoUs signed earlier this year. This includes leveraging their respective strengths on product development for India and emerging markets, including co-development of compact SUVs and electric vehicles.

Aiming to generate synergies and improve efficiencies, the strategic alliance between the two companies focuses on leveraging the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and its successful operating model.

Mahindra has led the utility vehicles segment in India for the past seven decades. The spirit of ingenuity has driven Mahindra to be amongst the few global companies pioneering the development of clean and affordable technology and is the only player with a portfolio of electric vehicles commercially available in India. Expanding its global presence, Mahindra owns a majority stake in Ssangyong Motor Company in Korea, and it has entered into the shared mobility space with investments in ridesharing platforms in the U.S. and is developing products like the GenZe – the world’s first electric connected scooter.

Ford was among the first global automakers to enter India in 1995. Now one of the largest exporters of cars from the country, Ford manufactures and exports vehicles and engines from its manufacturing facilities in Chennai, Tamil Nadu and Sanand, Gujarat. India is also the second-largest Ford employee base globally, with more than 14,000 people working across the Ford India or Global Business Services operations in New Delhi, Chennai and Coimbatore.

About Mahindra

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 201,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.

Contact:

Mohan Nair
Mahindra
+ 91 22 28468510
nair.mohan@mahindra.com

Kapil Sharma
Ford India
+91 98730 78122
Ksharma6@Ford.com

Said Deep
Ford Global Markets
+ 1 313.594-0942
sdeep@ford.com

Mahindra Signs Strategic Partnership Agreement with Castrol India

Set to endorse a range of tractor fluids from Castrol under the brand “Mileage ka Master”

Mumbai, October 11, 2018: Mahindra & Mahindra, part of the USD 20.7 billion Mahindra Group and Castrol India, the leading automotive and industrial lubricant manufacturing company in the country, today announced the signing of a new strategic partnership agreement between the two companies. Under the aegis of this agreement, Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors under the brand, “Mileage Ka Master” (MKM).

The agreement was signed by Mr. Hemant Sikka, President & Chief Purchase Officer, Powerol & Spares Business, Mahindra & Mahindra Limited and Omer Dormen, Managing Director, Castrol India Limited at a ceremony held in Mumbai.

Commenting on the partnership at the signing event, Hemant Sikka President & Chief Purchase Officer, Powerol & Spares Business, Mahindra & Mahindra Limited said: “We are pleased to join hands with Castrol, the leading lubricants brand in India. Both the companies are considered market leaders in their respective sectors – having constantly delivered innovative and pioneering technology to provide unique and differentiated offerings to customers and consumers. We look forward to partnering with Castrol and benefitting from their strong reputation, high quality products and wide-spread distribution network pan India through its over 1 lakh strong retail outlets.” Objective is to capture unmet need of customers to use recommended fluids by OEMs”

Omer Dormen, Managing Director, Castrol India Limited added, “We are very honoured to be recommended by Mahindra, the largest tractor manufacturer globally. We are pleased with the opportunity to offer Mahindra customers with our latest technology products and with the best-in-class service. Both the organisations share similar values thriving on world-class technology, innovation and sustainability for the future. We look forward to an enduring partnership while jointly leveraging exciting growth opportunities.”

Based on formulation exclusively developed by Mahindra, for use in their tractors specifically for engine and wet-brake applications, Castrol will supply these products through its wide distribution network across India. The agreement will commence with immediate effect.

About Castrol

Castrol, one of the world’s leading lubricant brands, has a proud heritage of innovation and fueling the dreams of pioneers. Our passion for performance, combined with a philosophy of working in partnership with manufacturers, has enabled Castrol to develop lubricants and greases that have been at the heart of numerous technological feats on land, air, sea and space for over 100 years. Castrol is part of the BP group and serves customers and consumers in over 140 countries in the automotive, marine, industrial and energy production sectors. Our branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology.
Website: www.castrol.co.in
Tw handle: @Castrol_India

About Mahindra

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Landline – + 91 22 28468510
Email – nair.mohan@mahindra.com

Mahindra Group To Go Carbon Neutral by 2040 Focus on Energy Efficiency and Renewable Power

California Sept 14, 2018: Mahindra & Mahindra (M&M), India’s leading manufacturer of utility vehicles and part of the USD 20.7 billion Mahindra Group, today announced its commitment to become a carbon neutral company by 2040. Mahindra will focus on energy efficiency and the use of renewable power to achieve this target. Residual emissions will be addressed through carbon sinks.

Anand Mahindra, Chairman, Mahindra Group and co-chair of the Global Climate Action Summit currently under way in San Francisco committed that his entire group of businesses would become carbon neutral.

This is significant because earlier Mr Mahindra had pledged that only its flagship company – Mahindra & Mahindra – would become carbon neutral by 2040. However, after listening to leaders speak at the Summit, he upped the ante on his commitment by extending that pledge to the entire group.

“We are doing our part in the global fight against climate change with this ambitious new target. Mahindra will leverage the latest technological advances and its recently announced Carbon Price to work towards being carbon neutral by 2040.”

M&M was the first company in the world to commit to doubling energy productivity by signing on to The Climate Group’s program EP100. Using energy efficient lighting, efficient heating, ventilation, and air conditioning (HVAC), motors and heat recovery projects, Mahindra & Mahindra has doubled the energy productivity of the automotive business almost 12 years ahead of schedule. The farm equipment business is also ahead of schedule in achieving its goal and is more than half-way there.

The company was also the first Indian company to announce its internal Carbon Price of $10 per ton of carbon emitted to fund investments required to pursue the path of carbon neutrality. The price was carefully arrived at on the basis of international benchmarks and an assessment of what was required to achieve the goals set by the business on energy efficiency and renewable energy.

The company has more than 10 years of experience in creating carbon sinks. It looks forward to using this experience to deal with residual emissions in a manner that is world class and follows the best established protocols.

M&M will be working on its carbon neutrality commitment with the international non-profit organization Environmental Defense Fund (EDF), which works with leading companies to raise the bar for corporate sustainability leadership. It will continue to work with EDF and other leading partners as it implements actions towards achieving carbon neutrality.

M&M is also a signatory of the Science based targets initiative which provides companies with a clear pathway for reducing emissions in line with the Paris Agreement’s goal of limiting global warming to well below 2°C above pre-industrial levels. All these commitments are helping the company on its path to go carbon neutral.

About Mahindra

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Shubhada Dharwadkar
Group Communications
Mahindra & Mahindra Ltd.
Tel:+91-22-24901441
Dharwadkar.shubhada@mahindra.com

Mahindra Group companies sign up for commitments addressing Climate Change:

Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd sign up for EP 100; Mahindra Electric joins EV 100 and Mahindra Holidays commit to RE 100

Mumbai, 12th Sept: As the world looks to heavy industry to help drive emissions cuts, Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd have, today, pledged to put energy efficiency at the heart of their business growth strategies by joining EP100.

EP100 is a global collaborative initiative on energy productivity led by The Climate Group in partnership with the Alliance to Save Energy. By setting ambitious targets and integrating energy efficiency into business strategy, EP100 members are driving clean tech innovation while delivering on emissions reduction goals. Today’s announcement comes just ahead of the Global Climate Action Summit (September 12-14), where Anand Mahindra, Chairman, Mahindra Group, will address leaders from business, states, regions and cities who will come together in San Francisco to “Take Ambition to the Next Level”.

Helen Clarkson, CEO, The Climate Group, said, “I am excited to see such a significant group of large energy users’ step up their efforts on energy efficiency. Lowering energy use in sectors like auto-manufacturing is an ambitious task, but the figures speak for themselves – making smarter use of energy boosts the bottom line and drives down greenhouse gas emissions. These announcements will inspire many more to come on board, accelerating a clean economy.”

Mahindra Vehicle Manufacturers Ltd has committed to doubling its energy productivity by 2041 (2016 baseline); Mahindra Heavy Engines Ltd by 2041 (2016 baseline). Mahindra & Mahindra and Mahindra Holidays & Resorts India Ltd. are already members of EP100, having joined in 2016. Mahindra & Mahindra, a leader in the automotive and farming equipment sectors with operations spanning 21 industries in more than 100 countries, has, to date, invested INR 44.7 Rs Cr in 1,757 energy efficiency projects globally, saving 8.3 KWh, 67,655 tons of carbon emissions, and INR 66.7 Cr over the last four years.

Speaking about this commitment, Vijay Kalra, Chief of Manufacturing Operations – M&M, Auto Division said, “Operating in a country like India which is energy deficient, energy security and energy cost is of vital importance for sustainable business performance. By joining the EP100 program, we demonstrate our commitment to our employees, society and the nation at large. As we take aspirational targets to enhance energy productivity there will be innovation and development of new technologies that will change the way we live and work. It’s all about arriving at a win-win situation for all. Be it business, employees and society.”

In addition to this, Mahindra Electric, a Mahindra Group company, has signed EV100, a global initiative bringing together forward looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. Another Group company, Mahindra Holidays & Resorts India Ltd. has committed to RE 100, setting a 100% renewable electricity target for its entire global operations by 2050.

About Mahindra

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Shubhada Dharwadkar
Group Communications
Mahindra & Mahindra Ltd.
Tel:+91-22-24901441
Dharwadkar.shubhada@mahindra.com

Mahindra Unveils the Marazzo — Globally Engineered with a Bold Design

Attractive launch price starting at Rs 9.99 lacs (ex-showroom) across India

SYNOPSIS:

Born of an engineering collaboration between Mahindra Automotive North America (MANA), Detroit and Mahindra Research Valley (MRV) Chennai, the Marazzo has been engineered for excellence to ensure smooth ride, agile handling, quietest cabin, fastest cooling and luxurious space
The shark-inspired Marazzo's head-turning design, an outcome of a collaboration between Pininfarina, Italy and Mahindra Design Studio in Mumbai, is streamlined and aerodynamic. Its grille carries the aggressive appearance of shark-like teeth and tail lamps of the shark's tail
Marazzo's patented 'Body-on-Frame-Front-Wheel-Drive' architecture offers the twin benefits of agile, 'car-like' handling and the durability and toughness of a body-on-frame configuration
Marazzo ensures a smooth ride as a result of its 'twist beam' rear suspension that offers the highest suspension travel (of 245mm) in the segment
Marazzo offers best-in-class shoulder room in the 15t and 2nd row to seat up to 8 people comfortably. It is an easy ingress and egress in the Marazzo, as one can get in and out of the vehicle without the help of a footboard, owing to its low step-in height
It comes with the industry-first 'Surround Cool Technology' which gives you the choice between Direct and Diffused mode as well as the fastest cooling in its segment
The Marazzo's new 4-cylinder engine produces 90.2kW (121 BHP) power and 300 Nm torque with the highest power density and torque density in the segment
With the Marazzo's aerodynamic design and new, modern, low-NVH engine, passengers enjoy the quietest cabin in its class
Marazzo offers a unique package of first-in-class disc brakes on all 4 wheels, dual front Airbags, first-in-class Emergency Call, ABS and ISOFIX child seat mounts as standard across all variants. It meets the safety regulations of October 2020
Marazzo sports premium dual tone interiors with contour-mapped plush leatherette seats, 18 cm Colour Touch Screen Infotainment with Haptic and Capsense Technology, a Piano Black dashboard, first-in-class sun shades for the 2nd row and much more
Available in 7 & 8 seater configurations with a captain seat option in the 2nd row of the 7 seater
Available in 4 variants – M2, M4, M6, M8 – and 6 colours — Mariner Maroon, Poseidon Purple, Aqua Marine, Iceberg White, Oceanic Black and Shimmering Silver

Nashik, September 3, 2018: Mahindra & Mahindra Ltd. (M&M), India's premium SUV manufacturer, today launched the much awaited Marazzo. The Marazzo has been engineered for excellence and comes with a smooth ride, agile handling, quiet cabin, fastest cooling and luxurious interior space. The Marazzo will be available at Mahindra dealerships pan India starting today, at an attractive launch price of Rs.9.99 lacs (ex-showroom) for the M2 variant.

Anand Mahindra, Executive Chairman, Mahindra and Mahindra Ltd. said, “The launch of Marazzo is a defining moment in the automotive journey of Mahindra not only within India but globally as well. Being the first joint product development effort between Mahindra Automotive North America (MANA) & Mahindra Research Valley (MRV), the Marazzo aptly represents our 'Rise' philosophy in action. Our development teams have used alternative thinking and challenged the limits to deliver a vehicle that is poised to be nothing less than a game changer for us. We are entering a new orbit and hope to deliver yet another iconic offering.”

Speaking at the launch, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd said, “The Marazzo embodies Mahindra's new, increasingly global approach to product development, having been engineered in Detroit for excellence, designed by our in-house team in collaboration with Pininfarina, Italy, with the entire package coming together at MRV, our state of the art R&D centre near Chennai. Marazzo also represents a bold new direction for our automotive products, one that offers our customers an unmatched quality and a truly refined user experience.”

Rajan Wadhera, President — Automotive Sector, Mahindra & Mahindra Ltd., mentioned, “This is a very proud moment for us, as the Marazzo turns a new leaf in Mahindra's evolution in the UV segment. It has always been our endeavour to offer breakthrough products and category creators. With the Marazzo, we will continue our legacy. I am sure that Marazzo, with its excellent proposition of distinctive styling, plush ride, agile handling, luxurious space, refined NVH levels and attractive launch price is poised to emerge a winner”.

About Marazzo:

Shark-Inspired Design: Marazzo's shark-inspired design is evident in its sleek and streamlined silhouette, in the front grille inserts which resemble the teeth of a shark, in the tail lamps that are inspired by a shark's tail and a shark-fin antenna (as an accessory). Marazzo's style-quotient is enhanced with projector headlamps, fog lamps with Daytime Running Lamps, elegant chrome finishes on exteriors, twin-spoke 17″ machined alloy wheels.

Patented Body-on-frame, front-wheel drive architecture: Marazzo has a unique world-first architecture that provides drivers with a nimble “car-like” feel, being lighter than other similar vehicles, and also the toughness of a body-on-frame configuration.

Smooth Ride & Agile Handling: The rear suspension of the Marazzo has a lightweight “twist beam” construction, which provides excellent ride and handling with the highest suspension travel of 245mm in the segment. The Marazzo chassis is anchored by a fully boxed frame and includes forged aluminium front suspension components, which increases the handling responsiveness. Its Front Wheel Drive layout sends power to the front wheels making handling very easy and safe.

The first-in-class Electric Power Steering improves real world fuel economy, steering feel and manoeuvrability. The Marazzo delivers an excellent turning radius of 5.25m to enable the driver to get in and out of the tightest situations.

Luxurious Space to seat up to 8 people: Marazzo's design maximizes cabin space in all 3 rows and seats up to 8 people comfortably without increasing vehicle length making it one of the most compact yet spacious vehicles in the category. Marazzo offers best-in-class 1st & 2nd row shoulder room, and luxurious legroom that allows even a 6 foot tall person to stretch his legs out and relax. This is complemented by a comfortable step-in height of 465mm making it convenient for a woman in a saree or an elderly person without the use of a footboard.

Marazzo will come in 7-seater and 8 seater options with the 7-seater offering captain seats in the 2nd row. The 2nd row (in 8-seater) & 3rd row come with a foldable 60:40 split for 1055 litres of luggage space when completely folded down.

Quietest Cabin in its Class: Marazzo's aerodynamic design ensures that powertrain and road NVH inputs are not amplified inside the vehicle. Marazzo is powered by a 1.5 litre, 4- cylinder D15 Diesel engine designed for low noise, vibration and harshness. This makes for the quietest cabin in its class. Noise measured at the driver's ear is only 43 decibels (driver ear noise at low idle).

Fastest Cooling in its Class: Marazzo offers you the industry-first 'Surround Cool Technology' which, along with Fully Automatic Temperature Control (FATC), cools the cabin faster (36meter/sec airflow) than other vehicles in the segment. The 'Surround Cool' Technology offers passengers the choice between Direct Mode and Diffused Mode.

Premium Interiors:

Premium dual-toned interiors with pearl white, piano black and chrome finishes
Contour-mapped leatherette seats with height-adjuster & lumber support for the driver
Futuristic cluster with purple illumination and a unique aircraft-inspired parking- brake
2nd row LHS seat with one-touch tumble down lever for 3rd row passengers to enter/exit
First-in-Class sunshade for 2nd row passengers

Performance: The Marazzo's refined 1.5 litre 4-cylinder in placed in a transverse (east-west) layout, opening up a lot of space for the cabin. The engine produces 90.2kW (121 BHP) power and 300 Nm torque and is designed for low noise, vibration and harshness. It also offers an attractive ARAI-certified mileage of 17.3kmpl.

Safety for All: Marazzo offers a unique package of the following safety features across ALL variants —

Dual front airbags
INDUSTRY-FIRST Disc Brakes on all 4 wheels
ISOFIX child seat mounts
High-strength steel structure supported by a fully-boxed frame, collapsible steering column, crumple zones, side-impact beams
Impact-sensitive door locks
Anti-lock Braking System (ABS)

M6 and M8 variants include Rear Parking Camera and Sensors, first-in-class Emergency Call and Cornering Lamps

Technology:

18 cm (7″) Colour Touch Screen Infotainment system: Haptics and Capsense Technology for a better touch and feel, iPod connectivity, picture viewer, USB audio/video, Bluetooth Audio
Turn by Turn Navigation Indicator in Cluster with on-board Navigation
Connectivity suite includes Android Auto, Mahindra BLUE SENSE App with Emergency Call
Voice Activated Controls for music system & Voice Assist Features such as voice recognition for infotainment and SMS read out
Steering-mounted audio and phone controls

Convenience features: Power-foldable ORVMs with Side Turn Indicators and Entry Assist Lamp, Follow-me-home & Lead-me-to-vehicle headlamps, Service Reminder, Cooled glove box, Sunglass holder, Conversation mirror, Cup-holders in every row & bottle-holders on all 4 doors, Multiple charging and media outlets.

Social Media Handles:

Please visit: https://www.mahindramarazzo.com for more details and images.

Facebook: https://www.facebook.com/MahindraMarazzo/
username: @MahindraMarazzo
Twitter: https://twitter..

Statement by Mahindra & Mahindra about FCA court case

Statement by Mahindra & Mahindra

AUBURN HILLS, Mich., Aug. 3, 2018 – “We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time. However, we have reviewed FCA’s core filing and find it to be without merit. Mahindra has a historic relationship and agreements with FCA and its predecessors that go back seventy years.

The relationship began in the 1940’s with the original agreement with Willys and continues to this day, with the most recent agreement executed with FCA (then Chrysler Group LLC) in 2009. Our actions, products, and product distribution (including ROXOR) both honor the legacy of the relationship and the terms of our agreements with FCA. Mahindra has been co-existing with FCA (and the Jeep brand) for over 25 years in India and in many other countries.

The ROXOR is a derivative of Mahindra vehicles distributed in those markets. Based on these agreements and our history, we believe that FCA’s claims are baseless and Mahindra is well within its rights to both manufacture and distribute the ROXOR off-road vehicle.”

About Mahindra Automotive North America

Mahindra Automotive North America (MANA) is the North American headquarters of the Mahindra Group’s automotive division. Established in 2013, MANA now employs over 400 people, and became the first automotive OEM to launch a manufacturing operation in SE Michigan in over 25 years when it began producing the ROXOR off-road vehicle earlier this year in Auburn Hills, MI. Working with affiliate Mahindra teams in India, Italy and Korea, MANA also continues to fulfill its mission as a center of automotive engineering excellence, which includes automotive design, engineering and vehicle development, and is led by a team of veteran industry executives, engineers and designers. For more information, visit mahindraautomotivena.com and roxoroffroad.com.

About Mahindra

The Mahindra Group is a $20.7 billion (USD) federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defense and two-wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries. Learn more at mahindra.com.

Media contact information:

Varsha Chainani
Mobile – + 91 99873 40055
Office Email Address – chainani.varsha@mahindra.com

Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%

Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13% Mumbai, August 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for July 2018 which stood at 47,199 vehicles, compared to 41,819 vehicles during July 2017, a growth… Continue reading Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%

Statement by Mahindra & Mahindra We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time. However, we have reviewed FCA’s core filing and find it to be without merit.

Statement by Mahindra & Mahindra AUBURN HILLS, Mich., Aug. 3, 2018 – “We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time.… Continue reading Statement by Mahindra & Mahindra We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time. However, we have reviewed FCA’s core filing and find it to be without merit.

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group Our future world need not necessarily look like a scene straight out of a sci-fi thriller. But it would entail newer business and job opportunities powered by humans and technologies, and hopefully, concerted efforts by our race to be more sustainable. Anand Mahindra caught up with… Continue reading Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group