Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company.
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
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.
Priced at Rs 44k and offering 85.4 kmpl, this one sure seems promising.
How does Mahindra's two-wheeler Pantero size up against Splendor Plus, Discover 100T and Dream Yuga? Jyotsana Gupta of BikeDekho weighs in Pantero against its competition.
The actor has requested companies not to use his ads till Satyamev Jayate is on
The company is designing the motor-cycle at its Italy-based Engines Engineering, which was acquired by the Mahindra group in 2008.
Mahindra Mojo would rival the likes of Kawasaki Ninja 300R, the Honda CBR250R and the KTM Duke 390 by March 2015
Anand Mahindra says driverless tractors could change the future of food production.
Five companies get more volumes from scooters than motorcycles.
HMSI is likely to announce a tie-up with Snapdeal for online two-wheeler sales next month.
The India Bike Week in Goa was a celebration of the joy of biking
New launches as well as upgrades to existing scooter models marked this year as manufacturers competed with each other to satiate the demand for new and interesting automatic scooters.
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
Unconventional and still quirky looking as ever, the Mojo gets me thinking of the Predator (from the Arnold Schwarzenegger classic) with hints of Yamah's (bug-eyed) 125cc Fazer and Triumph's Street Triple to stir things up.
...because their design did not get a thumbs up from motorcycling enthusiasts here
It looks very different! Very, very different! Plus this is the first bike ever that allows you to change the seat height as per the rider's comfort.
These commuter bikes, or Aam Aadmi bikes as they are called because of their affordable pricing, were all the rage in 2014.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
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