Mobility Services Sector News Today

M&M veteran VS Parthasarathy joins Allcargo Logistics as independent director SECTIONS Share Synopsis Parthasarathy held several leadership roles at M&M including chairman of the board of Mahindra Logistics and President for the Mobility Services Sector as well as the CFO for the M&M Group. Müller too has past experience in the logistics industry, having advised several leading global logistics corporations over the years, as per a statement from Allcargo. Agencies With the new additions, Allc...

Updated Mar 11, 2021 | 13:40 IST Automaker Mahindra and Mahindra posted a robust financial results in the December quarter and hiked salaries across the board and paid out full performance pay. Mahindra and Mahindra clears air on layoffs, says no pay cuts at any levels.&nbsp | &nbspPhoto Credit:&nbspBCCL New Delhi: Auto major Mahindra and Mahindra (M&M) has issued a statement refuting the recent media reports about cutting jobs of around 300 senior-level executives, sayin...

Updated Mar 09, 2021 | 10:59 IST Automakers are looking at job rotations and redeployment of the workforce to enhance efficiencies. Half a dozen companies have extended the VRS scheme to employees and nearly 5,000 workers have accepted it. Tata Motors, Honda, Ashok Leyland among others plan to axe jobs, rejig roles&nbsp | &nbspPhoto Credit:&nbspBCCL New Delhi: Auto majors such as Honda Motor, Tata Motors, Ashok Leyland among others are taking all necessary steps to reduce...

Synopsis Meru Mobility, in which Mahindra has a 55% stake, also has plans to raise Rs 350-400 crore from a clutch of strategic investors. Mahindra Group has previously said that it would look at an initial public offering (IPO) for its mobility unit, of which Meru is a part, to unlock value. Mahindra Group-backed ride hailing service Meru Mobility is in advanced talks with Japanese car leasing firm Orix Auto Infrastructure Services for a possible stake sale, two people aware of the development ...

M&M slashes 300 top-level positions in 2 divisions March 09, 2021 The main reasons for the layoffs could be the decline in sales over the past many months   -  REUTERS The main reasons for the layoffs could be the decline in sales over the past many months   -  REUTERS× RELATED Exits attributed to decline in sales in Auto and Farm Equipment units In a major restructuring exercise, Mahindra Group has let off around 300 senior-level executives in the Automotive and Farm Equipment divisions. ...

Read more about Mahindra & Mahindra announces changes in management of Mobility Services Sector on Business Standard. Dr. Anish Shah, who is the Deputy Managing Director and GroupCFO of M&M, and is designated to take over as the Managing Director and CEO of M&M from 02 April 2021, will take additional charge of overseeing the Mobility Services Sector directly.

Mahindra Logistics Ltd.s Board appoints Dr. Anish Shah as Chairman Posted On: 2021-03-08 06:02:39 (Time Zone: Arizona, USA) Mahindra Logistics Limited (MLL), a leading provider of logistics and people transport services, today announced the appointment of Dr. Anish Shah as the Chairman of the Board, effective 2nd April 2021. Dr. Shah will join the Board of Directors of the Company on the same date. He is the Deputy Managing Director and Group CFO of Mahindra & Mahindra (M&M) Limited. He is...

Synopsis He was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the Mahindra group in technology-driven mobility companies, with the vision of co-creating the Future of Mobility. AP Mahindra & Mahindra on Monday said VS Parthasarathy, the President of its Mobility Services Sector and Member of the Group Executive Board, has decided to leave the group effective close of April 1, 2021 to pursue personal interests. Par...

VS Parthasarathy leaves Mahindra Group; Mahindra Logistics Board appoints Anish Shah as Chairman March 08, 2021 VS Parthasarathy   -  Businessline× Mahindra & Mahindra Limited (M&M) on Monday said that VS Parthasarathy, President - Mobility Services Sector and Member of the Group Executive Board, has decided to leave the Group effective close of April 1, 2021. Anish Shah, who is designated to take over as the Managing Director and CEO of M&M Ltd. from April 2, 2021, will also serve as the Ch...