Utility vehicles maker, Mahindra and Mahindra Limited (M&M), is planning to launch nine vehicles, including refreshes and all-new models, in both the personal and commercial segments during this financial year, according to Ashish Malik, vice-president (marketing, automotive division).

“The XUV500, launched in September 2011, has taken the Indian automobile industry by storm. More than 100,000 units were sold within three years of its launch, and we are currently selling 3,000 units of the XUV month-on-month,” he told mediapesons at the launch of the 2015 XUV500 facelift in Hyderabad on Wednesday.

Mahindra & Mahindra has launched the XUV500 after a facelift. Christened as the New Age XUV500, the car has been launched at the starting price of Rs 11.21 lakh (ex-showroom, Delhi).

The SUV was initially launched in the year 2011 and did wonders for the company’s sales chart, however for long, Mahindra XUV500 was expected to go under the scalpel for a much-needed refurbished look. Prior to this, company initiated a teaser on its website a day ahead of its launch displaying a tracker with the time remaining for its launch.

Mahindra & Mahindra today unveiled an updated version of its sports utility vehicle XUV500, with the price starting at Rs 11.21 lakh (ex-showroom Delhi).

While the entry level variant W4 is priced at Rs 11.21 lakh, the highest trim W10 comes with a tag of Rs 15.99 lakh.

market leader Mahindra & Mahindra on Thursday said it had signed an agreement to buy 33 per cent stake in agricultural machinery making company of Mitsubishi Heavy Industries for $25 million (Rs 160 crore). M&M would get new common shares in addition to Class A (non-voting) shares of Mitsubishi Agricultural Machinery Co (MAM) and four board positions.

The deal is expected to be closed by October 1, it clarified. The two companies have committed on joint development of products, sharing of engines and transmissions, common sourcing of parts and reciprocal product access for respective strong markets. The two are open to cross-badging too, said a senior executive of M&M.

Auto major Mahindra and Mahindra (M&M) today signed a definitive agreement with Tokyo-headquartered Mitsubishi Heavy Industries (MHI) to acquire 33% stake in its agri subsidiary for $25 million (approximately Rs 158 crore).

"Under the definitive agreement signed today, Mahindra will invest $25 million for acquiring 33% voting stake in MHI subsidiary, Mitsubishi Agricultural Machinery Company (MAM) Ltd, through fresh issue of common shares and Class A shares of (MAM)," Mahindra said in a BSE filing.

Mahindra Holidays & Resorts India Ltd (MHRIL) today reported a standalone net profit of Rs 10.42 crore for the fourth quarter ended March 31, 2015.

The Mahindra & Mahindra group firm had posted a net profit of Rs 24.38 crore during the January-March quarter of 2013-14.

Auto major Mahindra & Mahindra's total tractor sales in April were down 13% at 18,011 units as against 20,731 units in the same month last year.

Domestic tractor sales in April stood at 17,006 units against 19,895 units in the year-ago month, down 15%, the company said in a filing to BSE.

Shares of Mahindra & Mahindra were up over 3% at Rs 1,183 after the company reported strong growth in tractor exports during April 2015 compared with the same month last year.

Tractors exports grew 20% to 1,005 units in April 2015 compared with 836 units in April 2014, the company said in a release.

Mumbai: Maruti Suzuki India Ltd gained as much as 8% while Mahindra and Mahindra Ltd rose 3.74% after top four players in passenger car segment registered double-digit volume growth in April.

“Narrowing gap between petrol-diesel fuel prices and increase in share of first-time buyers helped Maruti’s Mini segment register growth of 36% off a weak base,” Jefferies Llc, an American global investment bank and institutional securities firm said in a note.

Auto-maker Mahindra & Mahindra today reported 1% rise in total sales at 36,727 units in April 2015.

It had sold 36,288 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement.

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