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Archive for the ‘Mahindra’ Category

PostHeaderIcon Mahindra Marazzo Received a Surprisingly Positive Reaction at the Detroit Auto Show

Mahindra came to Detroit with its Multi-Purpose Vehicle called the Marazzo. The minivan was seen hiding behind the Roxor at the Mahindra stall at the 2019 Detroit Auto Show, but it still managed to catch plenty of attention. The Marazzo was manufactured for the Indian market, and the company has no plans to sell it in the U.S. So, why are we gushing about it?

PostHeaderIcon Did a Chinese and Indian Automaker Steal the Show at The 2019 Detroit Auto Show?

Is it possible that, even with the Toyota Supra and the Ford Shelby GT500 hogging the spotlight, a Chinese automaker and its Indian counterpart stole the show at the 2019 North American International Auto Show? It’s probably not the case, but you have to give it to GAC and Mahindra for representing their brands well at Detroit when so many other established automakers — we didn’t see you there, Audi, BMW, and Mercedes-Benz — decided to skip the proceedings. Mahindra brought two notable models to Detroit, including the Marazzo, a front-wheel-drive minivan that actually has a lot of things going for it. Meanwhile, GAC pretty much brought its entire lineup to Detroit, but the real star of its booth was the Entranze EV, a futuristic electric concept van that got a lot of people’s attention. It’s hard to imagine a Chinese and Indian automaker stealing the show at the 2019 NAIAs, but both did it in their own way. And, if we’re being technical about it, both GAC and Mahindra have roots in America, specifically the latter, which has a facility in Auburn Hills, Michigan. Are we sure that they don’t consider the NAIAs their home auto show?

PostHeaderIcon Mahindra Roxor – The tiny jeep-like off roader!

We already know that people nowadays prefer crossovers and SUVs to sedans. So, what do automakers do? Create SUVs in different shapes and sizes. Indian automaker Mahindra is known for building Jeep-like vehicles, and it recently unveiled a Willys Jeep’s doppelgänger called the Roxor, which looks like a sure-shot. The best part – It’s for sale in the U.S., and it’s built in Detroit, Michigan! Read on to know more.

PostHeaderIcon Mahindra Opens Headquarters in U.S., Wants to Sell Electric Cars

Mahindra, one of India’s oldest automobile manufacturers, opened its North American headquarters in Detroit on Monday and announced plans to sell its vehicles in the U.S. soon. According to Anand Mahindra, the company wants to develop new electric cars for the American market. However, its plans are still on the drawing board, with management debating whether the vehicles should be sold under the Mahindra badge or as SsangYong and Pininfarina. Mahindra purchased the Korean brand in 2011, and the famed Italian design house in 2015 and both are working on EVs. Should these brands come to the U.S., Pininfarina is likely to sell premium models that would compete with Tesla.

Mahindra produces a wide range of vehicles, including cars and SUVs, but most of its products are sold in Asia and developing countries. But the Indian firm is planning to expand to other markets for quite a few years, and it’s precisely why it purchased both SsangYong and Pininfarina. Under its ownership, the Italian brand began developing a family of electric cars that includes the H600 sedan and the H2 Speed Concept supercar. Crossovers are SUV are also likely in the books. Granted, it will take at least a couple of years until Mahindra brings an actual car to the U.S., but it will be interesting to follow its activity in Detroit. I have a feeling that upcoming U.S. auto shows will be used to unveil a few interesting concept cars.

References



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PostHeaderIcon Mahindra Racing And Pininfarina Release Formula E Concept Designs

In December 2015, Indian automaker Mahindra announced that it had bought a controlling stake in Pininfarina, one of the most revered automotive design house in the world. The unlikely partnership cause some concern, as many enthusiasts wondered what will actually happen with the Italian firm under Indian ownership. Several months have passed since the purchase and the first result of the new cooperation surfaced the Internet in the form of futuristic Formula E designs.

For those who aren’t familiar with the racing series, Mahindra Racing took part in the inaugural Formula E season in 2014-2015 and returned for a new campaign in 2015-2016. While the first season was restricted to identical chassis and powertrains, for the second season the FIA allowed manufacturers to develop their own electric motors and gearboxes. Private designs aren’t yet allowed, but Mahindra decided to look into the future and create three separate design for when the series will open up once again.

Designed together with Pininfarina, the virtual concepts are very futuristic compared to current Formula E cars. All three propose carbon-fiber bodies and radical aerodynamics, and two of them feature closed cockpits. Mahindra even went as far as to equip a concept with enclosed front wheels and a transparent fin, while removing the rear wing altogether. The No. 23 car is also missing a rear wing, while employing a flat fin and IndyCar-style side pods. It would be interesting to see how these designs actually work from an aerodynamic standpoint, but for the time being it seems that they were made to put the new Mahindra-Pininfarina collaboration in the spotlight.

“Mahindra is a pioneer of EV technology that is always striving to push the boundaries of this exciting new form of mobility. Our participation in the Formula E championship gives us yet another platform to co-create the Future of Mobility. While these innovative designs are a creative project at this stage, I would be thrilled to see the M5Electro look like this,” said Anand Mahindra, chairman of the Mahindra Group.

Continue reading for the full story.


PostHeaderIcon Mahindra Inches Closer To Buying Pininfarina

Last month, we reported that shareholders and creditors of Italian auto designer Pininfarina had yet to come to a sales agreement with it’s potential buyer. The problem was that potential purchaser Mahindra and Mahindra – the largest SUV producer in the Indian market – was proceeding cautiously. That wasn’t much of a surprise, considering Pininfarina hasn’t made a profit for the better part of the last 12 years. Now, nearly a month later, we’ve learned that an agreement may be reached as early as the end of this week.

The sales negotiations between the two companies, shareholders and creditors have been private, but our sources have been in touch with insiders who spoke behind the curtain of anonymity. The final details left to iron out are the final purchase price of Pininfarina and some issues related to Pininfarina’s cesspool of constantly increasing debt. As of this morning, Il Sole 24 Ore – an Italian newspaper – reported that sales negotiations between the two companies were nearing a close and, after surging 11 percent, Pininfarina’s shares have also been halted. We’re not sure what the outcome will be, but read on for more information.

Continue reading for the full story.


PostHeaderIcon Pininfarina Still Hopes For Sales Agreement With Mahindra

Italian design house Pininfarina has been in financial trouble for most of the last decade, leading to the end of vehicle production in 2011. After years of living in the red, it was looking like a purchase by Mahindra and Mahindra would keep the designer in business, but shareholders and creditors weren’t able to come to terms on the sale.

It sounds like the major issue is that the Indian automaker is being “very cautious” while attempting to buy the troubled company “at the lowest possible price.” This isn’t exactly a positive sign for the deal to go through. Reuters is reporting that recent talks have been put on hold until September, and while there are still hopes of the company being acquired by Mahindra, Pininfarina is also said to be looking at other options.

With this life-saving injection of cash still up in the air, the report goes on to say that Pininfarina is looking to create a contingency plan if the company needs to soldier on as a standalone business. No details were given, but Pininfarina has been warding off insolvency since 2008.

Things haven’t look much better for Pininfarina so far in 2015, as it recently reported a net loss of €4.4 million ($4.8 million) through the first half of this year alone and has taken on an additional €7.9 million ($8.7 million) of debt raising its total current debt to €52.7 million ($57.8 million) during the same six-month period.

Continue reading for the full story.


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