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Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai.The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail and ...
Mahindra & Mahindra has a controlling stake in Mahindra REVA Electric Vehicles. [citation needed] Mahindra launched its relatively heavily publicized SUV, XUV500, code-named as W201 in September 2011. The new SUV by Mahindra was designed in-house and it was developed on the first global SUV platform that could be used for developing more SUVs.
As of 2022, the company's fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata Xpres-T EV, Hyundai Kona Electric and MG ZS Electric. It is India's first all-electric shared smart mobility platform. The company competes with Uber, Ola, and new cab-hailing entrants like Rapido and Namma Yatri.
Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). Mahindra AMC Pvt Ltd is the Investment Manager for Mahindra Mutual Fund. It started its operation in July 2016, with an AUM of ₹120 crore. Currently its NAV is floating around ₹1000.
Club Mahindra is an Indian hospitality company founded on 20 September 1996, which is a subsidiary of the Mahindra Group.It operates a network of resorts across India and abroad, offering a timeshare vacation ownership model that sells 25-year memberships, allowing members to stay at Club Mahindra resorts for a designated period (usually a week) each year.
The GenZe electric scooters were introduced in 2015, [14] and were delivered to consumers in December 2015. [15] They were utilized by Postmates delivery service. [1] [9] They were also available through the Scoot Networks public scooter sharing system, [1] which the Mahindra Group's private-equity business had invested in. [16] [17]
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The Mahindra XUV400 also features three driving modes - Fun, Fast and Fearless - that adjust the steering and throttle response as well as the level of regenerative braking. Mahindra claims that the XUV400 is capable of single-pedal driving where the regenerative braking takes care of the deceleration. And it will launch in early 2023. [34]