Mahindra and Mahindra, on Monday, launched its all-electric four-seater passenger car, the e2o, with price starting at Rs.5.96 lakh.

The car is developed by Mahindra Reva Electric Vehicles (formerly Reva Electric Car Company), and will replace its predecessor Reva, India’s first electric car. “The launch of the Mahindra e2o marks an important milestone for the Mahindra Group…this is not just about selling a car, it is about telling people to change their lifestyle. We are working at creating an ecosystem that includes mobility solutions along with other environment-friendly innovations,” Mahindra Group Chairman Anand Mahindra told reporters here.

The order is significant against backdrop of an MoU signed by state government and M&Min respect of commissioning of Rs 700 crore project at Nashik

The Bombay High Court has dismissed a petition filed by a company Zenith Metaplast Pvt Ltd praying for allotment of a three acre plot in Nashik to itself and cancellation of adjacent plots alloted to Mahindra & Mahindra Ltd and an industrialist. The court observed that the Maharashtra government and the Maharashtra Industrial Development Corporation (MIDC) had acted in the interests of the state while allotting the adjacent plots admeasuring 17 acres and six acres to Mahindra & Mahindra and Nashik-based industrialist Abhay Kulkarni respectively.

“CSR and sustainability are not things you do after you make profits.

India’s second largest automaker has a plan to counter dip in September sales

DOWNPLAY FEARS Maruti Suzuki, M&M and GM India say diesel hike may defer demand slightly, but sales to be better than last year

To boost the sagging sales of electric vehicles, the government on Wednesday approved the extension of the Ministry of New and Renewable Energy (MNRE)’s subsidy scheme to incentivise sales of electric cars and two-wheelers in the country.

“Sales of electric vehicles have declined as much as 65 per cent since the discontinuation of the MNRE scheme in March. Today, it was decided this scheme would be extended till proposals for subsidies under the National Mission for Electric Mobility (NMEM) are formulated,” said Naveen Munjal, president, Society of Manufacturers of Electric Vehicles.

The Mahindra & Mahindra (M&M) group and Volkswagen—the two auto major groups—have evinced interests in setting up new manufacturing facilities in Uttarakhand, claimed a government official from the hill state.

“We have received two proposals from the two auto companies (M&M and Volkswagen) for setting up new manufacturing facilities in the hill state,” said the official. The state-owned State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (Sidcul), which is the nodal agency for industrialisation in the hill state, has promised the two companies it can provide land at Sitarganj where it is planning to develop a new industrial estate.

Demand for diesel vehicles pushed up sales of the country’s leading auto makers in July amid concerns that the sagging economic growth and high fuel prices and interest rates will continue to pose challenges to auto sales in Asia’s third largest economy.

Nine of the industry’s 19 leading automobile manufacturers together grew volumes by 11.8 per cent to 182,822 units in July, compared to 163,572 units sold in the year-ago period. Sales in the passenger vehicle industry grew 9.7 per cent in June this year.

The Maharashtra government on Monday cancelled four major Special Economic Zones (SEZs) proposed by large business houses — Mahindra, Videocon and India Bulls — after having failed to acquire land

Buckling under intense pressure from farmers and local villagers, the state-run Maharashtra Industrial Development Corporation (MIDC) has withdrawn its proposals for four joint venture SEZs (specia