Mahindra-Owned SsangYong Motor Sold For $254.6 Million to Local Consortium

Mahindra-Owned SsangYong Motor Sold For $254.6 Million to Local Consortium

Image for representation. (Image source: Reuters) SsangYong is burdened with high debt and its vehicle sales last year fell to 84,496, down about 21% from a year earlier, a regulatory filing from the automaker showed. Reuters Last Updated:January 10, 2022, 19:09 IST FOLLOW US ON: A consortium led by South Korean electric carmaker Edison Motors […]

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Sri Lanka to Procure 750 Mahindra and Mahindra Jeeps, 500 Buses from India

Sri Lanka to Procure 750 Mahindra and Mahindra Jeeps, 500 Buses from India

Sri Lanka has sought urgent help from India as Colombo’s net foreign exchange reserves have plunged to an all-time low of $1.2 billion, barely enough to pay for a month’s imports, writes R. Hariharan. Photo: Shutterstock The decision to purchase the 750 jeeps from Indian auto manufacturer Mahindra and Mahindra was taken during a Cabinet […]

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Upcoming 2022 Mahindra Bolero SUV to Get Safer With Dual Airbags in India

Upcoming 2022 Mahindra Bolero SUV to Get Safer With Dual Airbags in India

After ruling the hearts of Indian SUV lovers with its affordability and sturdy quality, Mahindra is all set to improve the safety aspect of its best-selling car Bolero. The vehicle was first launched back in 2000 and since then it has become a common sight on Indian roads. The built quality combined with the power […]

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Mahindra XUV700 Wait Period Drops From 75 to 71 Weeks in Last Week of 2022

Mahindra XUV700 Wait Period Drops From 75 to 71 Weeks in Last Week of 2022

Despite the effects of the COVID-19 pandemic and slowdown in some sectors, the Mahindra XUV700 received an overwhelming response on its launch. Mahindra initially struggled to cope with the exponential demand, leading the waiting period of the XUV 700 to shoot up to 75 weeks. While the company still has a backlog of over 75,000 […]

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