Thursday, 11 August, 2022
TopicMahindra & Mahindra Ltd.

Topic: Mahindra & Mahindra Ltd.

Mahindra in talks to sell Ssangyong stake as it reprioritises investments amid Covid impact

Mahindra, which bought a 70% stake in Ssangyong Motors Co for $368 million in 2010, will hold 30% or less if the deal goes through. It will also do a 25% capital reduction.

Ford cancels plans to merge its India operations with Mahindra & Mahindra

The future of Ford’s business in India is unclear as it has struggled for more than two decades to grow in the world’s fourth-largest auto market.

Mahindra loses trade case filed by Fiat Chrysler for ‘copying’ Jeep model

The International Trade Commission upheld a judge’s finding that Mahindra’s off-road vehicle Roxor is a copy of the iconic Jeep Wrangler.

Ford Motor agrees to joint venture with Mahindra after a 4-year struggle

The deal with Mahindra & Mahindra effectively ends Ford’s independent operations in India, the country it wanted to turn into one of its top three markets by 2020.

Ford gives up on India, decides to let Mahindra drive its struggling business

Mahindra will own 51% of new joint venture. It will help Ford stay in heavily populated market while letting it share financial burden with Mahindra.

Fiat Chrysler files trade complaint in US against Mahindra’s off-road vehicle

According to Fiat Chrysler, the Mahindra Roxor infringes upon its jeep design and may harm Fiat's goodwill and business.

On Camera

YourTurn

File photo of Sterlite copper unit at Tuticorin in Tamil Nadu | By special arrangement

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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