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Mahindra & Mahindra on Monday said its total sales increased 19 per cent year-on-year to 92,670 units in November. In the passenger vehicle segment, the company sold 56,336 vehicles in the domestic market, a growth of 22 per cent over 46,222 units in the year-ago period, Mahindra & Mahindra (M&M) said in a statement. The domestic sales for commercial vehicles stood at 24,843, a growth of 17 per cent year-on-year, it added. Mahindra & Mahindra's Farm Equipment Business reported sales of 42,273 t ...Read More >
Chennai: Mahindra and Mahindra (M&M) has entered into a share purchase agreement (SPA) with Turkish company Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA). As part of the SPA, M&M has agreed to sell its entire stake in its wholly-owned Finnish subsidiary Sampo Rosenlew Oy to TERA for around Rs 52 crore or euro 5 million. "Consequent to completion of the aforesaid transaction, Sampo would cease to be a wholly owned subsidiary of the company," said M&M in an official statement. "This divesti ...Read More >
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