Priced at Rs 44k and offering 85.4 kmpl, this one sure seems promising.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
The market shares has already tumbled to 48 per cent from the earlier 56 per cent.
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The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.
The new scooter will be an addition to the company's existing range of 125 cc scooters, Rodeo and Flyte that cater to different consumer segments.
The company has put in place a new team to scout for opportunities in new verticals and geographies in order to double revenue in two years.
Investors have been concerned about M&M's diversification into non-core businesses but the company is taking the right measures to build their confidence.
Through the newly created business vertical Happinest, MLDL will launch two such housing projects in Boisar near Mumbai and Avadi in Chennai.
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
Mahindra Aerospace, the aircraft and aero-structures arm of the Mahindra Group, on Thursday said it has successfully flown its maiden five-seater civilian plane.
Indian cricket fans were feeling pain rather than anger on Thursday as they tried to come to terms with their team's shocking World Cup semi-final defeat to New Zealand.
Head of investor relations T A N Murti allegedly indulged in insider trading during the sacm.
The company, which retails maternity and baby products under 'Mom & Me', wants to open 50 stores under the brand name
These trusts are being registered under a new framework.
The inaugural edition of the Sri Lanka Premier League, which saw Indian business houses buying out all the seven franchises on offer, announced on Wednesday that it has roped in auto major Mahindra & Mahindra as the title sponsor.
Other corporate leaders, including Biocon chief Kiran Mazumdar Shaw, UB Group Chairman Vijay Mallya and Mahindra Group vice-chairman Anand Mahindra, have also expressed concerns over the current state of economy in the country.
Nadella was in India last December.
Market looks at a share swap ratio of 1:8
India's Mahindra group can finally start selling its airplanes in India after it got all approvals from the country's civil aviation ministry, Chairman and Managing Director Anand Mahindra said.
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
With the Japanese still under shock after the quake-cum-tsunami, people around the globe are working to provide help.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
Mahindra Group has acquired a minority stake in the East India Company, the global luxury brand owned by Indian-origin entrepreneur Sanjiv Mehta who relaunched the company here in August 2010.
Mahindra & Mahindra has decided to dismandle its recently acquired Boeing plant in Melbourne, Australia, which makes machinery for aircraft, and shift it to Bangalore.
Mahindra & Mahindra, India's largest utility vehicle maker, is planning to foray into the premium car segment by bringing out a product from the Ssangyong stable.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
"In business, personal passion should not be an indulgence, but a promise of excellence," said Mahindra, the vice-chairman & managing director of India's leading farm equipment-to-software group.
Now they are reinventing their strategies to stay afloat, as they see no sign of recovery for at least six months.
Rise, the new branding initiative, is in tune with the group's growing global footprint, but experts say the real work has just begun.
Mukesh Ambani, who is in talks with Saudi Arabian oil giant Aramco to sell one-fifth of his oil-to-chemicals business in India for $ 15 billion, said the two countries have all factors to drive growth - technology, young demography, and leadership.
The Mahindra Group is an automotive, farm equipment, financial services, trade and logistics and information technology conglomerate.
If the alliance works out as planned, it will give a big boost to Mahindra, as it has been struggling with its only car model Verito, managing to sell around 200 units a month
Company has received orders for 20-25 GA8s from China and hopes to deliver at least two planes before the year-end.
Government has announced a slew of measures to give impetus to electric cars.
Mumbai Mantra has produced eight movies -- Sorry Bhai!, Acid Factory, Sab Se Peeche Hum Khade and Mumbai Chakachak in Hindi, Antaheen and Shukna Lanka in Bengali and Hum Bahubali and Chandu Ki Chameli in Bhojpuri.
Mahindra Forgings on Thursday said that Anand Mahindra has resigned as its Chairman and Hemant Luthra has been elevated to the post of Non-Executive Chairman.
Mahindra & Mahindra, the diversified business group with significant interest in automotive and information technology, is looking at setting up an aircraft financing arm in Australia
Mahindra & Mahindra is planning to invest Rs 250 crore (Rs 2.50 billion) in the aerospace business. It plans to set up component and aircraft manufacturing facilities in India, Mahindra Group vice chairman & managing director Anand Mahindra said in Bengaluru.
Competition in the two-wheeler market is fiercer than ever before and Mahindra's only motorcycle, Stallio, is bearing the brunt of it.
