Home-grown auto major Mahindra and
Mahindra on Tuesday said it will consolidate auto-component
businesses under one roof and enhance presence in the aerospace component space eyeing USD 150-million revenue.
Indian vehicle manufacturer
Mahindra & Mahindra and British defence company BAE Systems
on Monday singed an agreement to launch a joint venture company
to focus on manufacturing land systems for security forces.
Mahindra-Satyam shares fell to a 4-month low on Thursday, before recovering, on concerns over its outlook after Indian investigators filed new charges over accounting fraud that hit Satyam earlier this year.
Auto major Mahindra & Mahindra on Thursday said its passenger car business will decline in the current fiscal, but the slump would not affect its plans to launch three new products under different categories by March 2011.