Mahindra & Mahindra: The Story Of “Rise”


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Re: Making of XUV5OO on Discovery channel-29 Sep.2013, 8PM

Hehe...adjusted all the schedules for an hour and set reminder in both of my phones.
A MUST WATCH IT IS!!
 
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Re: Mahindra & Mahindra – The Story of “Rise”.

Oops! This got dumped in here ? Would have been nicer had it been left as a separate thread, would have helped many more enthusiasts to notice it.[frustration]
XUV.jpg

Discovery Channel India | TV Listings
I hope this program is not just another marketing exercise, considering the reputation/quality of programs by the Discovery Channel. Expecting some real quality technical stuff behind the scene.[roll]
 
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Re: Mahindra & Mahindra – The Story of “Rise”.

Mahindra of India gears up for R & D in UK !
Carmaker Mahindra & Mahindra plans to build a development centre in the UK as India’s biggest SUV brand continues its aggressive international expansion.

Mahindra will build the high-end engineering and design centre in the UK to help it make inroads into the European market and increase its technological clout, said two people with knowledge of the plans.
source and read more:Mahindra of India gears up for R & D in UK - FT.com
 

350Z

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Re: Mahindra & Mahindra – The Story of “Rise”.

Mahindra & Mahindra is rated as one of the most transparent companies in the world. [thumbsup]
Headquartered in Mumbai, Mahindra & Mahindra is one of the leading automobile manufacturers in India. It is a subsidiary of Indian conglomerate Mahindra Group. The company was ranked 68th and 66th in the list of Most Trusted Brands among 17000 brands in the year 2011 and 2012 respectively, as per the Brand Trust Report. Blue bytes News rated Mahindra &Mahindra as India's second Most Reputed Car Company conducted for the Auto (Cars) Sector launched in April 2012. (Source: Link)
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Mahindra Bolero crosses 6.5 lakh sales mark

Mahindra has announced that the Bolero has achieved a new milestone of over 6.5 lakh vehicles sold.

The SUV sold 1,17,665 units in FY-2013, as against 1,00,686 units during FY-2012, registering a growth of 17 percent and becoming the only Indian SUV to sell over 100,000 vehicles two years in a row.

Commenting on this milestone, Pravin Shah, chief executive - automotive division, Mahindra & Mahindra, said, “Having sold over 6.5 lakh units since inception and ruling the roads for 13 years, the Bolero has transformed the SUV space in the country. Over the years, the Bolero has been updated and evolved with the changing lifestyle and aspirations of its customers resulting in its growing popularity. Ruling roads and hearts across the country, the Bolero has moved from strength to strength, to enhance the lifestyle, fun and adventure quotient of consumers”.

Mahindra Bolero crosses 6.5 lakh sales mark | Car News | MPV/MUVs | Autocar India
 
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Re: Mahindra & Mahindra – The Story of “Rise”.

Coming Soon: A Mahindra Aircraft !
Aerospace is not quite automotive but Anand Mahindra believes that just as Mahindra Jeeps plied Indian roads even as they were being made, Mahindra utility aircraft will fly Indian skies even as runways are being readied. In two years Mahindra Aerospace will begin manufacturing GA-8s in India. GA-8 and GA-10 (the numeric indicates seating capacity) enters its portfolio via the acquisition of Australia’s GippsAero, which makes these aircraft.

At the inauguration of its Rs 150-crore aerostructures facility near Bangalore, Mahindra announced a strategic partnership with Aernova of Spain, a Tier I global aerostructures supplier that will transfer technology to Mahindra. Initially, the Bangalore facility will supply components to the aircraft being made by GippsAero in Australia, but it soon plans to enter the global supply chain. At peak capacity the plant could gross Rs 250 crore in revenue and employ 400 people.
Source: Link

Mahindra Aerospace ties up with Spanish firm !

Mahindra Aerospace Monday entered into a strategic technology partnership with the Spanish Aernnova group to design and manufacture aero-structures for Indian and global markets.

"The partnership with Aernnova will enable us to develop capabilities and meet market demand for aero-structures," Mahindra group chairman Anand Mahindra told reporters at the unveiling of the Aerospace's manufacturing plant at Narsapura in Kolar district, about 100km from here.

As a leading aero-structures tier-1 supplier, Aernnova designs and manufactures airframe assemblies for civil and military aircraft and its tie-up with Mahindra is the first with an Indian aerospace firm
source: Link
 
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Mahindra has already put into operation some planes like...

The C-NM-5 --

mb4s.jpg

The GA-10 --

6gtg.jpg

These were made in collaboration with the Mahindra-owned Australian
aircraft company GippsAero.
 
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350Z

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Re: Mahindra & Mahindra – The Story of “Rise”.

Board of directors have announced Mahindra & Mahindra’s unaudited financial results for the quarter ended 30th December 2013:

Mahindra Vehicle Manufacturers Limited (MVML), located at Chakan near Pune, was set up as a 100% subsidiary of the company with a view to sourcing contemporary products for expanding the market offerings of the company. Hence, it is a critical part of its business and only the combined results of the company and MVML can provide a comprehensive view of company’s performance.

Q3 F2014 – M&M + MVML results

The Gross Revenues and Other Income of Mahindra & Mahindra Limited and MVML (Entity) for the quarter ended 31st December 2013 is Rs. 11270.0 crore as against Rs. 11522.3 crore during the corresponding period last year. The Net Profit before tax for the current quarter is Rs. 1318.2 crore as against Rs.1177.4 crore in Q3 previous year - a growth of 12.0%. After providing for tax, the profit is Rs. 1000.1 crore against Rs. 915.0 crore in Q3 last year - a growth of 9.3%. The operating margin of the Entity for the current quarter is 15.0% as compared to 13.5% in Q3 last year.

The deceleration in the Gross Revenues in the quarter is due to the challenging times the Indian auto industry is currently passing through with volumes shrinking by 11.7% in Q3 F2014. Despite this, the entity could deliver a very healthy increase in Operating Margin and a growth in the profits in the quarter due to a strong sales performance by its Farm Equipment Sector and a tight control on material costs and all expenses. In the Passenger Utility Vehicle segment, the Entity sold 54164 vehicles in the current quarter with a market share of 38.2%. In the Cars segment, the Entity sold 1967 Verito and Verito Vibe Cars. The Entity also exported 8492 Vehicles in Q3 F2014.

In the wake of a good monsoon, the domestic tractor industry continued to show robust growth with sales of 181566 tractors in Q3 F2014 against 150562 tractors sold in Q3 F2013 - a growth of 20.6%. In this period, the Company’s domestic sales at 76362 tractors grew by 22.1% over the 62522 tractors sold in Q3 last year. Company’s market share was 41.9% as against 41.4% in Q3 last year. Mahindra Powerol posted net revenue of Rs.173.2 Crore in Q3 F2014 as against Rs.208.5 Crore in Q3 last year.

Q3 F2014 – M&M Standalone results

The Gross Revenues and Other Income of Mahindra & Mahindra Limited for the quarter ended 31st December 2013 is Rs. 11295.1 crore as against Rs. 11588.9 crore during the corresponding period last year. The Net Profit before tax for the current quarter is Rs. 1218.8 crore as against Rs.1059.9 crore in Q3 previous year - a growth of 15.0%. After providing for tax, the Profit for the quarter is Rs. 934.1 crore as against Rs. 836.2 crore in the same period last year – a growth of 11.7%.

YTD F2014 – M&M + MVML Results

The Gross Revenues and other income of the entity during the period ended 31st December 2013 is Rs. 31959.1 crore as against Rs. 32313.0 crore in the corresponding period previous year. The Net Profit after tax for Apr-Dec 2013 is Rs. 2937.4 crore as against Rs. 2671.5 crore in the corresponding period previous year – a growth of 10.0%. The operating margin of the Entity for the period ended December 2013 is 14.6% as compared to 13.7% in the same period last year.

YTD F2014 – M&M Standalone Results

The Gross Revenues and other income of Mahindra & Mahindra Limited during the YTD period ended 31st December 2013 is Rs. 32073.5 crore as against Rs. 32596.0 crore in the corresponding period previous year. The Profit after tax for the current YTD period is Rs. 2861.5 crore as against Rs. 2463.6 crore in the same period previous year – a growth of 16.2%.

Group Consolidated Results

The Board meeting to approve the accounts of a major subsidiary is still to be held. After the approval and announcement of its results, the company will separately release the information on Consolidated Group Turnover and PAT.

Outlook:

The advance GDP estimates released by the government indicate that India is likely to register a second consecutive year of sub-5% growth in F2014. The only bright spots during the year have been a growth in agricultural output and incomes in the wake of a healthy monsoon and a pickup in country’s exports aided by economic recovery in the advanced economies and a weakening domestic currency. Coupled with steps taken to curb gold imports, increase capital inflows and build foreign exchange reserves, this has helped limit (though not entirely remove) the country’s vulnerability to sudden stops and reversals of capital flows triggered by the US Fed’s ongoing ‘tapering’ actions. Looking ahead, current signals - strengthening recovery in advanced economies, stabilizing domestic currency, subdued commodity and oil prices, receding inflationary pressures, and rising business confidence – signify an uptick in economic activity in F2015. But, with future policy direction critically dependent on the outcome of the parliamentary elections due in May 2014, we maintain at present a cautious and watchful outlook on the economy.
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