Category: Mahindra

India’s leading multi-brand used Car Company; Mahindra First Choice Wheels opens new dealership in Delhi

Mahindra First Choice Wheels (MFCWL), the country’s largest certified multi-brand used car firm, has expanded its presence in North India with its new dealership outlet in Delhi named under Sachdeva Motors. This new MFCWL outlet is located at the prime location of Motinagar in New Delhi and is spread across 2000 square feet. This new outlet was inaugurated on 12th of February by Mahindra First Choice Wheels’ National Head of Franchisee Business, Mr. Tarun Nagar.

2013 Mahindra First Choice Wheels to build

While speaking during the inauguration ceremony, Mr. Tarun Nagar said that his new outlet is a part of the company’s strategy to expand the company’s already considerable presence in the used car market of North India which is of great importance for Mahindra First Choice Wheels. The potential size of the used car market in the city of New Delhi is an outstanding 30000 cars every month and this figure is going to increase many folds. He added by saying that this new showroom is the second outlet by the same dealer and has its first outlet at Lajpatnagar, which shows the successful market potential. Sachdeva Motors has extensive knowledge of the local used car market and this will definitely help Mahindra brand to grow further.

Mr. Hemant Sachdeva of Sachdeva Motors while commenting on the occasion said that the company has its presence in South of Delhi, in the form of its first outlet in Lajpatnagar and this second outlet will help the company to draw more customers and cater to the demands in one of the major locations in Central Delhi.

He added that the company is extremely pleased to be associated with the Mahindra First Choice Wheels in the city of Delhi. He explained that MFCWL offered everything that is required for an all inclusive used car business. MFCWL’s steadfast focus on great innovation and dealer’s profitability has made the company the leading brand and the most preferred choice all over India.

MFCWL started its humble start back in the year 2007 with its first outlet in India and has now is the undisputed ruler of the multi-brand used cars business. MFCWL is constantly trying to offer innovative products to enhanced customer experience and this also include selling certified multi-brand pre-owned cars with warranty and proving great comprehensive warranty on used cars in India.

MFCWL has also expanded its footprint in the business specially meant for pre-owned luxury cars and has opened specialized outlets called the ‘Highline’ stores to offer great experience to the premium used car buyers.

The used car market which is already larger than the new car market and is expected to be double the size of the new car market in the next 5 years. Moreover, it is much stable and does not get much affected by market slowdown. Mahindra First Choice Wheels being the dominant company in the multi-brand used car segment in India is all prepared to take the full advantage of this potential and is determined to grow much further.

Mahindra & Mahindra investing Rs. 2,000 crores to bring in new compact SUVs

As the Sports Utility Vehicle (SUV) segment is on the rise in the Indian car industry, there is a big competition among the auto majors as to who can churn out more models in this segment. Even a few years back the Indian car market was all for the compact cars and mini hatchbacks. However, now the tide has changed. Though the compact hatchbacks are still high on demand, the demand for the Utility Vehicles especially for the compact SUVs is highly increasing. The current compact utility vehicle kings come in the form of the Maruti Ertiga, Ford EcoSport and the Renault Duster.

Mahindra rise new logo

The Utility Vehicle leader in India, Mahindra & Mahindra is thus, increasingly getting wary of the fact that it does not have a potential representative in this segment. The Indian car major’s iconic vehicles such as the Scorpio and Bolero are still high on success, and the premium SUV XUV500 is also fast selling. However, the company does not have any strong contender in the compact SUV segment other than the not so successful Quanto. Thus, the Indian major is busy working on not one but two new compact SUVs.

The compact SUV segment is experiencing great positive growth. And thus, all the car makers are jumping onto the compact SUV bandwagon in order to snatch a piece of this profitable pie. Moreover, the compact SUV segment has negated the effects of the market slowdown and has emerged as one of the most prospective segment in India, thus it is also a strategy for the automakers to handle the slowdown with a successful compact SUV.

The recently concluded 2014 Indian Auto Expo witnessed the unveiling of several new compact SUV models, which will soon launch in India. Among these were the concept models such as the Datsun Redi-GO concept, Tata Nexon, Chevrolet Adra and Volkswagen Taigun. Many more models are also in queue, such as the Maruti XA Alpha, Honda Brio based SUV, Hyundai Grand i10 based compact SUV and Mahindra’s own S101 that has been spotted several times while testing in India.

Mahindra & Mahindra has recently revealed that it is working on two new SUV platforms and that it is investing around Rs. 1,000 crores on each these new platforms. Based on these new platforms, Mahindra is going to launch two new compact SUV models in 2015 with the price bracket Rs. 5-6 lakh.

The company has also disclosed that the two different models will cater to the demands of the two diverse markets. This means one compact SUV model will be meant for the urban car market of India, while the other one will be for the semi urban and rural markets. Mahindra also wishes to export these new cars several international markets such as Indonesia, South Africa, Chile and Brazil.

Moreover, more future products from Mahindra will be built on these platforms. Thus, the company is bracing up well to grab a good share in the compact SUV segment.

Mahindra Quanto auto SHIFT now offered with upgraded interior and a new colour

Mahindra and Mahindra Limited, the leading manufacturers of SUVs in the country, have unveiled their widest and the most diversified portfolio of an accessible technique solution at the auto expo in New Delhi. The products pipelines include the wide range of the Mahindra as well as the Sang Yong and also the mobility-solutions from Reva from Mahindra. Being proud of its place, The Mahindra and Mahindra pavilion at the auto expo were the three state of the art products from the company which were premiered in the country for the first time.

2012 Mahindra Quanto Price

The special attractions also included the next generation of Reva from Mahindra having a two door future-ready sports SUV concept, and XUV 500 hybrid with cut sections and transparent body made of acrylic for showcasing the hybrid technology efficiency of the group. They also featured their formula E car which will be participating in FIA sponsored formula e championship which will start from Sept 2014. A Prototype race car, the Mahindra’s Formula E offers a wonderful global premier for the electric vehicles technology from Mahindra. Both these two doors sports vehicles concept and also the XUV 500 hybrid are in a way a manifestation of the vision of Mahindra of the future of mobility. This encompasses the 5cs framework of a clean, connected, convenient, clever and cost efficient vehicle technique.

Mr.Anand Mahindra the spokesperson for Mahindra and Mahindra spoke at the opening ceremony. He said they are very much aware about the rising pressure on the urban transportation infrastructure and their display at the auto expo will be showcasing the advanced mobility solutions which have been designed for addressing these restrictions. They will also reflect their vision of the future of mobility and will contribute towards the development of sustainability in the near future.

Talking about the display of the Mahindra and Mahindra, Dr. Pawana Goenka, the Executive director and the president of the automotive and farm equipment sectors, Mahindra and Mahindra limited said that the New Delhi expo 2014 is a very important junction for the group as they are showcasing their comprehensive range of products here.

Their automotive domain will be putting up all its premiere products on display. The Accessible technology of Mahindra and Mahindra showcases for the automotive enthusiasts

Speaking about the accessibly able technology of Mahindra and Mahindra at the auto expo in New Delhi, Mr.Pawana Goenka said that they are championing as well as offering affordable technology, which would enhance the quality of the lives of people, depending on their customers, safety and other such features.

These will be including the popular GPS based Safe Eye technology, for their school bus for ensuring safe transport solutions for the school going kids and the hybrid technology and the regenerative braking systems in the existent as well as the new models coming up in the market every day. The company is quite excited about its latest venture and looking forward to people’s support for its success.

Mahindra Reva e2o gets updated

Speaking about the focus of the Mahindra group for shaping the future of the mobile industry, Mr. Chetan who is the Chief executive officer of the Mahindra Reva electric vehicles private limited said that he firmly believes that the Mahindra group is on a cusp of huge breakthrough to shape up the way people will be commuting in the twenty first century. The electric technology is no doubt the paradigm of our future and Mahindra’s Reva also exists committed to a cleaner environment for the generations to come.

Reva e20

Stressing upon the huge stride made by the Mahindra and Mahindra group in the direction of the same, an exclusive fleet of the Electric vehicles including the next Generation two doors sports concept car The halo and a new variant of E20 with a quick two charge technology and the electric variant of the group namely Maximo and Verito platform which is powered by Reva. The next generations two door electronic sports vehicle from the Mahindra REVA the Halo is the talk of the town right now.

The Aerodynamic, stylish and slick first every electronic concept two seater sports car in the country is the Halo. It has been introduced by Mahindra and Mahindra group at the auto expo being help at New Delhi. The unmatched acceleration with a booster mode assures you to zip zero to hundred kilometers per hour in not more than eight seconds. The Halo will be having a top Speed of one hundred and sixty kilometers per hour. It will be giving two hundred kilometers on being fully charged. This generation next car has a lot of advanced featured including dual touch screen.

There are plans for commercializing HALO. The company is working out on nigger power trains and the final designs. It would take approximately 3 years for the production to be ready. Mahindra and Mahindra Executive Director and the President of automotive and farm equipment sector Mr. Pawan Goenka told the reporters in the auto expo that the car will be ready to be launched in three years from now.

He assured that the car will be first hitting the overseas market. It might quite well be revealed that the markets for cars are wider outside the country. Until and unless there is fully fledged support from the government for electronic vehicles, the cars will be launched first outside the country.

According to Mahindra and Mahindra, HALO may touch the seed of zero to hundred kilometers per hour in just eight seconds. It has been given a Top speed of one hundred and sixty kilometers per hour with a wide range of two hundred kilometers on being fully recharged.

This car has been designed as well as developed in the domestic market with the indigenous techniques. Mahindra and Mahindra have even introduced an instant recharge, variant for its current electric autoE20 which has been equipped with advanced port technique.

The cars may be fully charged in just one hour. A recharge of fifteen minutes would give you twenty five kilometers run.

Mahindra’s plans after the 2014 Auto Expo

Home-grown car major Mahindra & Mahindra is planning to invest an amount of Rs. 5000 crore during the next three years for product development, infrastructure up gradation as well as capacity expansion. The carmaker also plans to launch 8 to 10 new editions as well as upgrades of its existing products in this year.

2015 Ssangyong X100 Compact Crossover Concept 01

Pravin Shah, Chief Executive at Mahindra & Mahindra added that to add new products to the portfolio is an ongoing and a continuous process. He added that the company has consistently grown in the past few years and it wants to continue its growth momentum by investing in three key areas of automobile development. He also said that the company’s investment will be directed for enhancing infrastructure as well as capacity and also to fuel new product development. Speaking about the new production units, he also commented that the carmaker is keen to explore new locations to expand its production and manufacturing capacity. He said the company will introduce models as well as new vehicles and it is only obvious to state that they will have to expand their capacity. He added that the car company is in talks with Maharashtra state government and if the government gives them the incentives they want, then they will be expanding the capacity in Maharashtra itself.

Mahindra & Mahindra is also extensively and staunchly scouting for other locations, Shah added  Mahindra & Mahindra is headquartered in Mumbai and has two production plants in Haridwar and Zaheerabad apart from four key manufacturing units in Maharashtra in Chakan, Nasik, Igatpuri (engine plant) and in Kandivali. Speaking about the auto industry, Shah was of the opinion that car segments like UVs, MPVs and even SUVs are growing at a rapid pace than other car categories.  SIAM has forecasted that vehicle sales would be growing at 5 to 7 percent in 2014. On the contrary, products like MPVs, SUVs and even UVs are likely to grow at a more robust pace. In the month of January this year, Mahindra & Mahindra registered a decline of 13.77 percent as its total sales stood at 42, 685 units. The car company had posted a total sales figure of 49, 503 units in the month of January in 2013.

Pawan Goenka, President and Executive Director of Automotive and Farm Equipment sectors at Mahindra & Mahindra said at the Auto Expo event that the car company is planning to commercialize the electric sports car Halo and that the company now has its hands full with a bigger and better powertrain as well as a solid design.

Sales of Mahindra & Mahindra’s passenger cars, like Bolero, Verito, Xylo, XUV500 and Scorpio stood at 19, 792 units in January as opposed to 26, 555 in month of January in 2013 even as it fell by a staggering 25 percent. He added that it will take around three years for the Halo to be ready for production. Also, it is also a possibility that the market for Halo may not be Halo but outside the Indian subcontinent.

Mahindra Halo Sports Car

Mahindra and Mahindra are known for their superior class cars and their marvelous features. The cars brought in the market by the auto giant sell like hot cakes due to their crisp functions and superb mileage. This is the reason why the giant is doing so well in the market.

Mahindra Halo

The home grown automobile giant Mahindra and Mahindra has unveiled the concept of an electric sports car named as “HALO” that is being expected to be launched commercially in the coming three years. The company told that on the basis of the support they would be getting from the government of India for the electric vehicles, HALO would be brought in the market. But, it is likely to hit the overseas market first before hitting the Indian market.

There are plans for commercializing HALO. The company is working out on nigger power trains and the final designs. It would take approximately 3 years for the production to be ready. Mahindra and Mahindra Executive Director and the President of automotive and farm equipment sector Mr. Pawan Goenka told the reporters in the auto expo that the car will be ready to be launched in three years from now. He assured that the car will be first hitting the overseas market. It might quite well be revealed that the markets for cars are wider outside the country. Until and unless there is fully fledged support from the government for electronic vehicles, the cars will be launched first outside the country.

According to Mahindra and Mahindra, HALO may touch the seed of zero to hundred kilometers per hour in just eight seconds. It has been given a Top speed of one hundred and sixty kilometers per hour with a wide range of two hundred kilometers on being fully recharged.

This car has been designed as well as developed in the domestic market with the indigenous techniques. Mahindra and Mahindra have even introduced an instant recharge, variant for its current electric autoE20 which has been equipped with advanced port technique. The cars may be fully charged in just one hour. A recharge of fifteen minutes would give you twenty five kilometers run. On the front of two wheelers, Mahindra and Mahindra revealed its three hundred CC bike MOJO and also the new Disc breaks variant of Centuro Motorcycle.

The president of Mahindra and Mahindra, two wheelers segment Mr. Anoop Mathur told that MOJO is at present undergoing some validation and may hit the markets this year only. The company has not yet announced the rates of both the bikes. In commercial automobiles domain, the company has featured 2 latest models in the heavy CV domain.

HALO has been empowered with an electronic motor which generates one hundred and forty BHP. If the claims made by Mahindra and Mahindra are to be believed, this electric car completed hundred kilometers per hour in eight micro seconds. The exterior of the car features its customary make for a race-track. The smart LED lamp is a delight to watch.

Mahindra & Mahindra ties up with Canara Bank for attractive car loans

India’s leading utility vehicle manufacturer, Mahindra & Mahindra has collaborated with Canara Bank for Preferred Financier. The Indian auto major has signed a Memorandum of Understanding with the Canara Bank that will facilitate the Mahindra car customers to take the advantage of getting car loans from the extensive network of more than 4,600 branches of the Canara bank. The Memorandum of Understanding was signed by Mahindra & Mahindra’s Chief Sales & Customer Care Officer of the Automotive Division, Mr. Arun Malhotra and the Chief General Manager of Canara Bank, Mr. R. R. Sharma, while Mahindra’s Deputy General Manager of Sales in Karnataka, Mr. Rahul Vaidya and the Deputy General Manager of Retail Assets of Canara Bank, Mr. M. Nagaraju were also present.

Mahindra rise new logo

This financial partnership between Mahindra & Mahindra and the Canara Bank will enable both to take the fullest benefits of their extensive network present all across the country that consists of the automaker’s 250 dealership outlets and the bank’s over 4600 branches.

While commenting on this very beneficial partnership, the Chief General Manager of Canara Bank Mr. R. R. Sharma said that the Canara Bank is venturing in the expansion of its operations in financing for the passenger vehicles.  The bank has been offering great benefits to its customers and the tie up with Mahindra & Mahindra is a part of this special initiative.  While the Mahindra customers can avail loans from the Bank, the customers of the Canara Bank will also benefit from this partnership, as they will be able to take the advantage of honorary access to the special services of Mahindra & Mahindra.

While speaking on this important partnership, the Chief Sales & Customer Care Officer at the Automotive Division of Mahindra & Mahindra, Mr. Arun Malhotra said that the company is constantly searching for various options in order to be able to offer the best financing schemes to the company’s valued customers as well as also provide them multiple choices. This considered tie-up with the Canara Bank is a result of the company’s commitment to this aspect and is a step forward. The Canara Bank is known for its innovative products and great services at very affordable rates. This tie-up will result in highly competitive schemes for car loans at attractive rates, and the company is hopeful that this in turn will garner good responses from the company’s dealers as well as the customers.

Mahindra & Mahindra is working on an extensive range of new products, technology and new engines in both petrol and diesel. The company has major plans to expand its product range in both the Indian car market as well as the international ones. In this huge task, the company’s South Korean subsidiary, SsangYong Motor is helping it.

Mahindra is also increasingly focusing on the development of new electric and hybrid vehicles, and is currently displaying the world’s first diesel hybrid XUV500 SUV and the electric variant of the Verito sedan at the 2014 Auto Expo.

Mahindra S101 five-seater SUV launch soon in India

Mahindra &Mahindra is surely a pioneer in the release of SUV cars and luxury segment. The company has something great in its shed for the SUV fanatics in the coming year. Being a pioneer in the production of SUV and MPV, the company is planning to release more of it in the preceding year.

mahindra s101 rendering

The next big release from Mahindra& Mahindra will be a sub-4m five occupant car which compacted with a petrol mill and will be positioned under the Scorpio segment. At present, three platforms are under development and the car will be launched commencing from 2015, stated the Executive Director of Mahindra & Mahindra, Dr. Pawan Goenka.

Similar to the XUV 500 and Scorpio, Dr. Goenka stated, the new product will serve as a market SUV range.

As per the sources, the very first of the series can be the amazing S101, as captured by the spyshots. The spyshots have so far revealed that Mahindra is yet to finalise the body parts of the yet to release vehicle. This can be stated by the fact that tail lamps, rear bumper and few bod panels weren’t seen when the test mule was seen on the road. Thus, the engineers suggest that they were running the car more as a powertrain mule more than anything else.

M&M has already made a confirmation in the previous year that it will be working on a series of petrol motors which will be inventively new. These 3 and 4 cylinder engines will work as ground ups and will be crafted and developed under the name of M&M.

The second release out of the three platforms will likely be christened as S102 as confirmed by Mr. Goenka. M&M is working to produce this 2nd platform which is bound to release in the year 2015 depending on the Ssangyong X100 basis. There are few pictures released of the practicing mules displayed online. One can surely check out all of these.

Mahindra is working from a long time and endeavouring its best to release the best from its shed in the coming years. After the XUV nothing more impeccable has been released from the sheds of the Mahindra. However, with so much planning and strategies, it will soon release S101 and S102 and the yet to be named car in the year 2015. They will all be released in the petrol versions and will be smaller than Scorpio.

Mahindra is also planning to release the face-lifted version of Scorpio. The Auto Expo will also prove to be a turning point for the company with so many releases lined up. Another statement made by the company of investing 500 crore in the commercial vehicle segment is also causing a lot of buzz. Thus, Mahindra is all full for the year 201 and 2015.

All we need to do is to wait for the releases and check out the new inventions made by the company for the coming years.

Mahindra introduces its Quanto with AMT gearbox at the Auto Expo

The Indian SUV leader, Mahindra & Mahindra has unveiled its Quanto MPV empowered with the automated gearshift at the 2014 Auto Expo. Mahindra is the first car manufacturer in the country who had introduced an automatic SUV model and it is now, also the first company to unveil a compact MPV with the new transmission technology of the automated manual gearbox.  The new automated Quanto gets the company’s new 5-speed autoSHIFT transmission that offers the benefits of both the automatic and manual transmissions that has been incorporated for the first time in a small SUV model in India.

Mahindra Quanto C6 front white colour

This special automated manual transmission (AMT) has been designed to offer enhanced easier driving experience as well as enhanced fuel economy in the city roads, and incorporates the crucial benefits of fuel efficiency of a regular manual transmission, while also offering the advantage of a smooth and convenient driving experience of an automatic model. On top of that the autoSHIFT transmission also involves some very advanced technologies as well. It includes an advanced electronic control along with a hydraulic actuation system which together can sense the driver’s driving demands according to the road conditions and can initiate the gear shifts automatically that depends on a exceedingly optimized shift map. This apart from offering a superior driving convenience also delivers the best fuel economy that can even exceed that of a manual transmission model.

More interestingly, the Indian auto major has also developed an innovative regenerative braking system which is capable of generating kinetic energy obtained through the process of braking and is then stored in the car’s battery. This can further help to reduce the need of the generation during the next driving, and this in turn translates into decreased fuel consumption as well as lower emission rates. Thus, the automated manual transmission is greatly convenient and efficient in every way possible.

Apart from the automated Quanto, Mahindra & Mahindra has also unveiled and showcased a great many more advanced car variants including the XUV500 hybrid version and the electric variant of the Verito at the ongoing Auto Expo.

The Mahindra XUV500 Hybrid is the world’s first diesel electric hybrid SUV. This hybrid version of the fast selling XUV500 premium SUV is an efficient and powerful model that incorporates all the advantage and fuel efficiency of a full hybrid car along with the aggressive power of a conventional SUV. The new XUV500 Hybrid is Mahindra’s new vehicle variant that showcases the company’s latest technological prowess and advancements. At the Expo, this car model variant is displayed with a transparent bonnet in order to display its technical advancements to the audience.

Mahindra & Mahindra has also showcased the electric variant of its popular Verito sedan. The company has also revealed that the Verito Electric version is quite ready and could be launched towards the end of this current year.

Mahindra & Mahindra is thus showing off its innovative technological prowess, taking advantage of the current Auto Expo.

Mahindra Scorpio facelift unveiled

The homegrown automakers Mahindra and Mahindra, has witnessed a huge success with the launch of its XUV models, 500 and Scorpio, SUV, reports now are coming that this Indian carmaker has all its hands filled with the mass market SUVs. It has also been reported that it tends to bring down the latest SUV as a low price car belonging to this segment in particular.

Mahindra Scorpio Facelift 001

The car maker is also working now on the two or three platforms for the SUVs in the pipeline. It will be launching its latest mass market car in 2015. The price will be even more less than Scorpio. This has been confirmed by Pawan Goenkka who is a Sr executive at this giant. Pawan is also the president and the Executive Director of the automotive and farm equipment’s at Mahindra. He gave this statement ate world economic forum’s annual meet. Mahindra’s brand has been calculated as a seventeen billion dollar brand which has given employment to more than one lakh eighty five thousand people in over hundred countries. It’s a leading player in the business of vehicles with the flagship center. Also, it owns a very strong and effective presence in different domains, including defense, hospitality, and technology. Aerospace, real estate, financial services, retail, etc.

Pawan also told that the journey of Mahindra right from the introduction of its Scorpio in the industry has inspired it throughout. He told that Mahindra has also extended, its threshold for the expansion of its presence in the mass-markets keeping the price point into consideration. Pawan is generally known as the developer of the concept of Scorpio. Scorpio is the most famous SUV by a domestic automobile giant. When asked about the next introduction of the company, he said that Mahindra started selling Scorpio at six lakh and that time there were no mass market SUVs sold at this price.

Pawan told that the company is giving repeated attempts for a somewhat similar, feat while the introduction of the XUV in the industry at a price of twelve lakh. Even that time there wasn’t a single mass Market automobile, which was being sold at this price. However Pawan claims that it’s not at all likely to cross the twelve lakh mark in the domestic markets. He said that there’s been a dramatic change in the division of the business of SUVs. The sub 4 meters small segment of cars could be dominated by the cars run on petrol. He said that the next big step for this car maker will not just move to a car bigger than an SUV or a Scorpio.

Pawan added that the Mahindra giant has gained robust growth in the international market. It has also maintained its rate of growth in the domestic market. Mahindra is already a big name in the domestic market. It will very soon become a big name in the international market as well. Not only has this Mahindra automobile also taken Sports utility vehicle industry by a storm. One of the main points of its creation if Scorpio. It was introduced more than ten years ago and is still a popular name in the industry.