Overview of Mahindra & Mahindra Group Founded in 1945 as a steel trading company, M&M entered automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Over the years, they have diversified into many new businesses in order to better meet the needs of the customers. M&M follows a unique business model of creating empowered companies that enjoy the best ofentrepreneurial independence and Group-wide synergies. This principle has led to growth into a US $16.2 bill ion multinational group with more than 144,000 employees in over 100 countries across the globe. Today, the operations of M&M span 17 key industries that form the foundation of every modern economy: aerospace, aftermarket, agribusiness, automotive, components, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers.M&M’s federated structure enables each business to chart its own future and simultaneously leverage synergies across the entire Group's competencies. In this way, the diversity of expertise allows them to bring their customers the best in many fields. In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category. Core Values Core values are the compass that will guide the actions, both personal and corporate. They are: Good corporate citizenship As in the past, we will continue to seek long term success that is in alignment with ourcountry's needs. We will do this without compromising on ethical business standards. Professionalism We have always sought the best people and given them the freedom and the opportunity to grow. We will continue to do so. We will support innovation and well-reasoned risk- taking, but will demand performance. Customer first We exist and prosper only because of our customers. We will respond to their changing needs and expectations speedily, courteously and effectively. Quality focusQuality is the key to delivering value for money to our customers. We will make quality a driving value in our work, in our products and in our interactions with others. We will do it "first time right". Dignity of the individual We value individual dignity, uphold the right to express disagreement and respect the time and efforts of others. Through our actions, we nurture fairness, trust and transparency.
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Overview of Mahindra & Mahindra GroupFounded in 1945 as a steel trading company, M&M entered automotive manufacturing in 1947
to bring the iconic Willys Jeep onto Indian roads. Over the years, they have diversified into
many new businesses in order to better meet the needs of the customers. M&M follows a
unique business model of creating empowered companies that enjoy the best of
entrepreneurial independence and Group-wide synergies. This principle has led to growth into
a US $16.2 billion multinational group with more than 144,000 employees in over 100 countries
across the globe.
Today, the operations of M&M span 17 key industries that form the foundation of every
modern economy: aerospace, aftermarket, agribusiness, automotive, components, consulting
services, defense, energy, farm equipment, finance and insurance, industrial equipment,
information technology, leisure and hospitality, logistics, real estate, retail, and two
wheelers.M&M’s federated structure enables each business to chart its own future and
simultaneously leverage synergies across the entire Group's competencies. In this way, the
diversity of expertise allows them to bring their customers the best in many fields. In 2012,Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful
listed companies in the world. In 2013, the Mahindra Group received the Financial Times
‘Boldness in Business’ Award in the ‘Emerging Markets’ category.
Core ValuesCore values are the compass that will guide the actions, both personal and corporate. They are:
Good corporate citizenship As in the past, we will continue to seek long term success that is in alignment with our
country's needs. We will do this without compromising on ethical business standards.
Professionalism
We have always sought the best people and given them the freedom and the opportunityto grow. We will continue to do so. We will support innovation and well-reasoned risk-
taking, but will demand performance.
Customer first We exist and prosper only because of our customers. We will respond to their changing
needs and expectations speedily, courteously and effectively.
Quality focus Quality is the key to delivering value for money to our customers. We will make quality a
driving value in our work, in our products and in our interactions with others. We will do
it "first time right".
Dignity of the individual
We value individual dignity, uphold the right to express disagreement and respect thetime and efforts of others. Through our actions, we nurture fairness, trust and
On 30th July 2008, upon acquisition of KMCL, Mahindra & Mahindra Ltd. (M&M), India's
leading automotive companies, announced that its Board of Directors approved the acquisition of business assets of Pune-based Kinetic Motor Company Ltd. (KMCL). The acquisition was done
through a New Company to be formed. (New Co.). The consideration for the acquisition is a sum
of Rs.110 crores (subject to closing due diligence) plus 20 percent stake to KMCL in the New
Co. M&M holds the balance 80 per cent of the equity. This new Company so formed came to beknown as Mahindra Two Wheelers Ltd
The deal enabled Mahindra to design and market a range of scooters, value engineered
motorcycles and high-end motorcycles for the Indian and global markets, helping it establish a
robust, end-to-end two-wheeler business in every segment of the industry.
The acquisition of business assets of KMCL is a defining moment in the history of Mahindra as
it gave them an opportunity to emerge as a full range player with a presence in almost every
segment of the automobile industry.
Factory of Mahindra Two Wheelers
Mahindra & Mahindra has state of art manufacturing facility at Pithampur, near Indore in
Madhya Pradesh. The plant, products and processes are ISO 9001 certified from DNV.
Mahindra Two Wheelers Ltd. has an R&D unit located at Chinchwad, Pune, equipped with
necessary design and development facilities right from renderings to prototype manufacture and
testing. Mahindra Two Wheelers has team of R&D experts with vast industry experience and
Mahindra Two Wheelers to rev up executive bike segment
Hyderabad, May 27:
Mahindra Two Wheelers Ltd plans to focus on rural markets to tap the potential for executive
motorcycles.
With 100-110 cc bikes accounting for about 60 per cent of the motorcycle market estimated to be
about 8.5-9 lakh per month, the company, a relatively late entrant, sees this as a big opportunity
in rural areas.
The diversified Mahindra & Mahindra Group will leverage its big presence in the rural market
with its farm equipment division including tractors, to tap into the rural market where executive bikes continue to be popular.
Dharmendra Mishra, Vice President, Mahindra Two Wheelers Limited, said, “The company will provide a wider range of bikes for consumers to select from. The company R&D centre is
playing a vital role in tapping into various segments.”
Mahindra Two Wheelers to pay Rs 64k for selling defective motorcycle
PTI: NEW DELHI, APR 22 2013, 17:40 IST
Mahindra Two Wheelers Ltd has been directed by a district consumer forum here to pay Rs
64,600 to a customer for selling him a defective motorcycle.
The East District Consumer Disputes Redressal Forum held that the Mahindra Stallio motorcycle bought by the customer had a "manufacturing defect" as its engine required a complete overhaul
within four months of purchase.
The forum directed Mahindra to refund the motorcycle's cost, Rs 49,600, to Delhi residentDhananjay Singh and to pay
Rs 15,000 as compensation for the harassment caused to him.
Mahindra has just launched the new Centuro which marks its entry into the premium
110cc commuter segment
The 110 cc commuter segment has just received an all-new entry with Mahindra launching the
Centuro. Slotted above the recently launched Pantero, the Centuro aims to woo buyers with a
host of features which have never been experienced on a production motorcycle. The Centuro is
protected against theft by a Central Locking Anti Theft System with Engine Immobiliser and aRemote 96-bit encrypted Flip Key, a first in Indian motorcycling that gives unique secure access
to the motorcycle. There is also the Find-Me Lamps that help to easily locate the motorcycle
even in a crowded parking lot while Guide Lamps continue to illuminate even as you walk awayafter parking the bike to light up the way for you.
Apart from the list of features, the Centuro sports an extremely competent 110 cc MCi-5 engine
which puts out 8.5 bhp @ 7500rpm and 8.5Nm @ 5500rpm and aims to offer best-in-class
acceleration but also best in class efficiency. The bike also sports a fully digital console with an
in-built, programmed Service Indicator and Distance- to-Empty Fuel calculator which make sureyou are never left stranded
At Rs. 45,000, the Centuro is all set to go up against the Hero Passion Pro which starts at Rs.45,850 for the spoke/kick Variant and the Honda Dream Yuga with starts at Rs. 45,101.
Considering all the features the Centuro packs in, it definitely offers the most value here and incase you are amongst the first 10,000 to book it, you get the bike at an even more attractive Rs.
44,000 price tag. Now we already liked the bike during its first ride in the Himalayas and this
attractive price tag is just the icing on the cake. Mahindra is definitely looking good to establishitself as a major two wheeler manufacturer and the Centuro looks like a start of good things from