Mahindra - automotive industry company news 
INDIA: Ssangyong considers local manufacture with M&M
7 February 2012
Ssangyong is considering manufacturing vehicles in India, a senior executive of the Mahindra & Mahindra-owned Korean automaker said.
INDIA: Mahindra & Mahindra readying Saab bid - paper
7 February 2012
Mahindra & Mahindra, one of four companies interested in Saab Automobiles, has signed a confidentiality agreement with the bankrupt company and is in the process of finalising its bid, an Indian media report said. China's BAIC, possibly in conjunction with Panasonic reportedly may also submit a bid.
INDIA: Mahindra & Mahindra net profit dips 10%
7 February 2012
Mahindra & Mahindra has posted a worse than expected 10% year on year fall in third-quarter net profit. It had booked an exceptional gain in 2011.
BELGIUM: CLEPA cautions Saab receivers not to sell assets to pay huge lawyer army
3 February 2012
Europe's automotive supplier body CLEPA, is urging Saab receivers not to sell off the bankrupt automaker piecemeal in order to pay a vast army of lawyers.
TURKEY: Brightwell confident of 'immediate' start if Saab bid successful
3 February 2012
Saab bidder Brightwell Holdings says with some "minor adjustements," production could restart immediately in Trollhattan, should its pitch for the bankrupt automaker be successful.
COMMENT: Where does the Chinese car industry really stand?
2 February 2012
Investment banker Meyrick Cox describes the development of the Chinese auto industry, its structure and offers a view on the challenges it faces in the future.
SWEDEN: Youngman lawyers confident of seeing off other bidders as Saab decision looms
31 January 2012
Lawyers acting for Chinese manufacturer Youngman, say they do not view other potential Saab purchasers as 'serious competitors' ahead of a looming decision from receivers handling the automaker's bankruptcy.
SWEDEN: Debt Office holds fire as receivers seek Saab buyer
30 January 2012
Sweden's National Debt Office (SNDO) says it is co-operating with Saab's receivers to see if a complete sale of the bankrupt automaker can be secured, rather than realising its pledges in the manufacturer.
SWEDEN: Debt office now largest Saab creditor after US$324m EIB repayment
30 January 2012
Sweden's National Debt Office (SNDO) has repaid a SEK2.2bn (US$324m) loan advanced by the European Investment Bank (EIB) to Saab to aid it through restructuring.
INDIA: Is Mahindra & Mahindra a third Saab bidder?
27 January 2012
Mahindra & Mahindra is declining to comment on speculation it may be a third party interested in buying bankrupt Saab.
INDIA: Maruti Suzuki profits slump in market slowdown
23 January 2012
Maruti Suzuki has reported a bigger than expected fall in profits for its third fiscal quarter as it continues to struggle with falling sales in the Indian market and the weakness of the local currency.
INDIA: Maruti increases prices
17 January 2012
Maruti Suzuki raised the prices of all its models this week, immediately sparking a share increase, up as much as 11%, as investors rallied behind the company after months of falling sales levelled out in December.
INDIA: Auto unit management changes at Mahindra
13 January 2012
Utility vehicle maker Mahindra & Mahindra has made changes to its senior management with Pravin Shah, chief executive, international operations, automotive and farm equipment sector, taking over as chief executive of the automotive division.
TURKEY: Saab's Victor Muller left "carbuncle" says Brightwell partner
6 January 2012
Potential new Saab buyer Brightwell Holdings says former CEO Victor Muller left "something tantamount to a carbuncle" as the Turkish company rakes through the ashes of the bankrupt automaker.
NEW DELHI SHOW: Mahindra launching Ssangyong SUVs
6 January 2012
Mahindra and Mahindra (M&M) is to launch SUVs from its South Korean unit SsangYong in India.
NEW DELHI SHOW: Global debuts list (now with model summaries)
6 January 2012
Our list of all the production models and concepts which made their global debuts at the New Delhi Auto Expo on the 5 January media day.
TURKEY: Brightwell could move main Saab supply chain out of Europe
5 January 2012
Turkish private investment company Brightwell Holdings says it is interested in the "entire operation" of Saab, although it would likely shift a major slice of the Swedish manufacturer's supply chain out of Europe should any bid for the bankrupt automaker prove successful.
SWEDEN: Swedish government "trying to shut me down": Lars Carlstrom
4 January 2012
Entrepreneur Lars Carlstrom says the Swedish government is attempting to "shut me down," following his trenchant criticism of way in which Saab finally went bankrupt.
SWEDEN: Lars Carlstrom re-emerges behind potential Indian Saab bid
3 January 2012
Former Russian businessman Vladimir Antonov's aide Lars Carlstrom has emerged as the entrepreneur behind a new potential Indian bid for bankrupt Saab.
INDIA: Supplier hit by sluggish Tata Nano sales
13 December 2011
Battered by the lukewarm performance of the Tata Nano in the market, its gear supplier, Pune-based Kinetic Engineering, is now pinning its hopes on orders from other players such as Mahindra and Piaggio, a local report said.
INDIA: Mahindra Navistar expects cash break-even soon
12 December 2011
Mahindra Navistar announced that they expect cash break-even a year after entry into the Indian heavy-duty trucks market.
INDIA: Government’s EV plan to cost US$4.3bn
12 December 2011
The government's ambitious plan to set up a platform for electric vehicles in India could cost an estimated INR225bn (US$4.26bn) according to a study commissioned by the Society of Indian Automobile Manufacturers (SIAM) and the Ministry of Heavy Industry.
INDIA: Sundaram Clayton trials magnesium die-casting
8 December 2011
Indian automakers are increasingly focusing on manufacturing lighter cars so TVS group company Sundaram Clayton has started trial magnesium casting production at its Padi plant in the southern Indian state of Tamil Nadu.
INDIA: Mahindra to restart XUV500 orders from January 2012
5 December 2011
Mahindra & Mahindra (M&M) announced that it would again take orders for its new XUV500 from January 2012.
INDIA: Bearing maker setting up fourth unit in Gujarat
2 December 2011
National Engineering Industries (NEI), a pioneer in the bearing manufacturing industry in India, plans to invest around INR1bn (US$19.5m) annually for the next five years boosting capacity in three existing plants and setting up a fourth plant as well as increasing R&D spend to 1% of turnover.
INDIA: Maruti to reveal SUV concept at Delhi show
18 November 2011
Maruti Suzuki India plans to enter the fast-growing sport utility vehicle segment and will display a concept at the Auto Expo in Delhi next January.
INDIA: Mahindra Automotive Division CEO resigns
10 November 2011
Mahindra & Mahindra's Automotive Division CEO, Rajesh Jejurikar, has resigned, according to local media.
INDIA: Maruti blamed as car sales fall 24%
9 November 2011
New car sales in India fell 23.8% in October, the biggest monthly percentage decline since December 2000 and the fourth consecutive month of decline, according to the Society of Indian Automobile Manufacturers (SIAM). Part of the fall was blamed on industrial unrest at India's leading car maker Maruti Suzuki.
INDIA: Mahindra & Mahindra sales up 20% in October
2 November 2011
Utility vehicle and SUV specialist Mahindra & Mahindra boosted domestic and export sales 20% rise year on year last month to 41,506 units.
INDIA: Mahindra and Ssangyong to develop 'Nano-SUV'
21 October 2011
Mahindra is developing a low-cost mini-SUV with recently acquired Ssangyong.
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