- Tag results for Mahindra and Mahindra
Mahindra Group chairman Anand Mahindra had last year indicated that M&M might introduce SMC models to the American market, while inaugurating a new $230 million plant in Detroit.
Marazzo is also important for M&M as it is the first vehicle to be developed jointly by Mahindra’s R&D team in Chennai and its North American Technical Centre.
As per the complaint, certain design features of Mahindra's off-road utility vehicle ROXOR infringed intellectual property rights of Fiat's Jeep design, Mahindra said in a statement.
Ashok Leyland, Escorts, Tata Motors, Mahindra and Mahindra tumble up to 14 per cent on new axle load norms
Shares of Escorts fell by 3.50 per cent to close at Rs 861.75, Tata Motors dropped 2.19 per cent to Rs 251.95 and Mahindra & Mahindra lost 2.05 per cent to Rs 902.25.
In the domestic market, sales were up 23 per cent to 41,689 units last month, compared to 33,904 units in June 2017.
On the equity volume front, 2.76 lakh shares of the company were traded on BSE and 46 lakh shares changed hands on NSE during the day.
M&M said the cost of acquisition is up to CAD 6.63 million (equivalent to approximately Rs 34.5 crore) to be paid in cash.
Auto sales across all vehicle segments registered robust growth in March, buoyed by improved spending in rural and semi-urban areas.
Indian automaker Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance.