Mahindra XYLO is now available with Anti-lock Braking System (ABS)

June 15, 2009, New Delhi: Mahindra & Mahindra Ltd. (M&M), India’s undisputed market leader in utility vehicles, today announced that the successful Mahindra XYLO is now available with Anti-lock Braking System (ABS). The top end E8 version of the XYLO will offer this option at a price of Rs. 8,18,535 (ex-showroom Delhi). These vehicles will be available at all Mahindra dealerships by the end of June 2009.

“We have introduced Anti-lock Braking System (ABS) as an option in the XYLO E8 on the basis of customer feedback and suggestions. ABS makes the XYLO an even safer vehicle to drive and depending on demand we will look at introducing this technology in other variants in future,” said Mr. Vivek Nayer, Senior Vice President, Marketing, Automotive Sector, Mahindra & Mahindra Ltd.

Anti-lock Braking System (ABS) improves vehicle stability by preventing the wheels from locking when brakes are applied on any skid-prone surface (snow, water, loose gravel, or even oil).

Perhaps the most complete car with luxury comforts to enter the Indian market, the XYLO has been a runaway success since its launch in January 2009, with bookings crossing the 16,000 mark. The XYLO boasts a wide array of unique features including Flat Bed front seats, Digital Drive Assist System (DDAS), foldable flight trays, Reverse park assist and surround cool dual ACs. This has led customers to perceive it as an ideal alternative to premium sedans.

NEW DELHI: Maruti Suzuki India (MSI), which sells every second car in India, will increase its production capacity by an additional 2-lakh cars in the next two financial years to cater to the buoyant small car market, a top company executive said.

MSI managing director Shinzo Nakanishi said: “As demand has increased and will only grow further, we would require additional capacity beyond the current 9-lakh cars a year to cater to the small car market. We will increase volumes to meet rising domestic demand and higher export orders.” He refused to disclose the investment envisaged for the expansion to 12-lakh cars. The car maker will invest Rs 1,800 crore to increase the capacity by a lakh units to 10-lakh cars in this fiscal alone.

The largest carmaker’s plan is expected to boost India’s auto market, especially when car companies Renault-Nissan, Mahindra & Mahindra (M&M) and Honda Motor Corp have reversed their expansion plans. Last year, Maruti Suzuki India pulled out of a proposed Chennai car factory under a tripartite deal with the Renault-Nissan combine to produce four lakh hatchbacks and sedans per year.

Renault-Nissan’s own joint venture for small cars in India has also slashed its proposed capacity to a third, while Honda Motor put its plans for a car plant in Rajasthan on hold indefinitely.

MSI sold a total of 7.92 lakh cars last fiscal in India and abroad. It dominates the small car segment with Alto, WagonR and Swift, which are among the five best-selling car models in India. Maruti is banking on rising demand for compact cars from rural areas and overseas markets to boost sales. The auto major is hoping to outperform the industry with a 5% increase in domestic sales in the current fiscal over the 7.22 lakh cars it sold last year.

In order to push sales in the rural market, which posted the highest growth in sales in the last fiscal, MSI plans to ramp up its rural salesforce by an additional 1,000 executives this year. Among the overseas markets, Europe will be MSI’s largest market where it hopes to sell one lakh A-Star compact cars, including around 30,000 cars to be sold to Nissan Motors.

As of now, MSI has the capacity to produce 6-lakh cars in Gurgaon, where older models like Maruti 800, Alto, WagonR are made, and 3-lakh cars at the Manesar plant where its globally strategic models Swift, SX4 and the A-Star are made.

This investment is being made in addition to Rs 9,000 crore earmarked for 2008-11 to set up a new engine plant and a new research and development centre, touted as the largest facility outside Japan to develop new cars, and to expand the Manesar plant. Maruti’s sales in April jumped 15% year-on-year to 71,748 cars, one of the highest in the last several months.

http://economictimes.indiatimes.com/News/News-By-Industry/Auto/Automobiles/Maruti-to-focus-on-small-car-market/articleshow/4484490.cms

Mahindra and Mahindra to Speed up Xylo Production

19 February, 2009

Mahindra & Mahindra is ramping up production of its recently launched MPV Xylo seeing the high demand of the car. Mahindra Xylo was launched in 2009 January and is targeted to high-end customers.

According to Vice Chairman and Managing Director, Mahindra & Mahindra, Mr. Anand Mahindra, “The company has received a long waiting list of five weeks and in order to cater to the demands it is necessary to ramp the production”.

He further added that the company has fewer inventories with the dealers and this creates a fear in the unstable market. M&M is a very strong player in the rural market for tractors and now the company will stress on rural market for its car. source: http://www.carazoo.com/autonews

Mahindra and Mahindra to increase Xylo`s production on good demand

Mahindra and Mahindra (M&M) said that it was increasing the production of its `Xylo` in a bid to decrease the waiting list for the product, reports Economic Times.

The company last month launched its Mahindra Xylo, a multi-purpose vehicle targeting high-end customers.

The company said that their inventory with dealers was lower than what it targeted because the company was apprehensive about where the market was going.

Shares of the company closed down Rs 15.75, or 5.01%, at Rs 298.70. The total volume of shares traded at the BSE was 159,462 (Tuesday).

Source : myiris.com (2/18/2009)

Mahindra & Mahindra extends losses

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Mahindra & Mahindra extends losses

Shares of Mahindra & Mahindra are trading at Rs 267.00, down Rs 15.85, or 5.60% at the Bombay Stock Exchange (BSE) on Thursday at 12:19 p.m.

The scrip has touched an intra-day high of Rs 285.00 and low of Rs 266.20. The total volume of shares traded at the BSE is 44,245.

In the earlier session, the shares lost 1.67%, or Rs 4.8, at Rs 282.85.

Currently, the stock is trading down 62.97% from its 52-week high of Rs 721.00 and above 13.38% over the 52-week low of Rs 235.50.

Source : myiris.com (2/5/2009)