Mahindra & Mahindra seeks to give up control of Korean unit SsangYong

Images of Ssangyong XLV

Mahindra & Mahindra prepares to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director stated on Friday, as it looks to depart from the loss-making ventures. “SsangYong needs a new investor. We are working with the company to see if we can secure investment,” Pawan Goenka informed reporters. Mahindra […]

U.S. regulator sides with Fiat Chrysler over Jeep trade case against Mahindra

Mahindra KUV100

A U.S. regulator ruled that Indian automaker Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles (FCA) Jeep brand, stopping the sale of the vehicles in question. The International Trade Commission, in a decision issued Thursday, said Mahindra’s Roxor off-road utility vehicle breached the “trade dress” of FCA’s Jeep Wrangler […]

Leading Indian automakers had zero sales in April

Indian road traffic

India’s top automakers couldn’t ship a single automobile to dealers in April as they closed production after Prime Minister Narendra Modi announced the world’s biggest stay-at-home restrictions in a bid to stop Covid-19 coronavirus from spreading. Maruti Suzuki India, which produces about half the cars on the country’s roads, and Mahindra & Mahindra, the nation’s […]

U.S. regulator to review the complaint against Mahindra

Mahindra XUV500

A U.S. regulator stated it will review part of a recommendation made last year that Indian automaker Mahindra and Mahindra infringed upon the intellectual property rights of Fiat Chrysler Automobiles’ Jeep SUV design. The International Trade Commission (ITC) stated it would take a look into administrative law judge’s initial determination last November that Mahindra’s Roxor […]

Indian infrastructure group JSW is preparing to make electric cars

JSW logo

Indian billionaire Sajjan Jindal’s steel-to-power JSW Group prepares to diversify into electric automobile manufacturing, 2 sources informed Reuters, as Prime Minister Narendra Modi’s government increases support for non-polluting automobiles. Electric automobiles that utilize expensive batteries have failed to remove in cost-conscious and power-deficient India, regardless of taking pleasure in rewards like low taxes from the […]