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Mahindra fires 300 executives as slowdown stings For now, it is only restricted to Mahindra Auto and farm division but there is clear indication that it will spread to Mahindra Research Valley, said an executive Sumant Banerji | March 11, 2021 | Updated 00:13 IST In a major restructuring move, homegrown auto major Mahindra & Mahindra has fired around 300 management executives since the start of this calendar year as the slowdown in the domestic automotive industry exacerbated, with the pandemic taking its toll. The automotive division of Mahindra, which suffered the brunt of the layoffs, ha...

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. Parthasarathy, who joined the Mahindra group in 2000 and began with an HR stint, has expressed desire...

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 Chairman of the Board of Mahindra Logistics Ltd (MLL). The mobility services sector continues to be a...

Mahindra Auto Sector sells 28,777 vehicles in February

Automobile sales brush aside COVID blues, post record growth in February Market leader Maruti Suzuki saw a 8.3 per cent growth at 144,761 units while Hyundai witnessed a 29 per cent jump at 51,600 units Sumant Banerji | March 1, 2021 | Updated 18:23 IST Barring Ford and Skoda, every car maker in the country witnessed a growth in sales year on year Highlights Passenger vehicle segment posts strong 23 per cent growth to log highest ever sales for the month of February. Tally was only a shade lower than the all-time high monthly sales achieved during the festive month of October last yea. The...