Random Mahindra News: 05-APR-2010

[MahindraPlanet]

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Power Lunch CEO’s Anand Mahindra (Mahindra & Mahindra) and Ratan Tata (Tata Group) will meet with US Treasury Secretary, Timothy Geithner in Mumbai this Wednesday. Job growth and creation in the...

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[blue7.3]

Hmm, invisible pick-up trucks and flaming micro-cars...
Not an auspicious start for the budding Indian-US auto export market.
(I still want a TR20)

cheers!
-pete

[pee wee]

The talk about Mahindra relegating Global Vehicles to a lesser role than full distributorship would normally entail has some historic support: (note- this is from an Australia article from June of '09 of Carsguide.com.au )



[Mahindra launched in the Australian market with the Pik-Up two years ago as partner in a joint venture with Tynan Motor Industries, but has since taken control of the operation by acquiring an 80 per cent share and renaming the company Mahindra Automotive Australia.

Taking control was necessary to advance the Mahindra cause in Australia, said Pravin Shah, Mahindra's Executive Vic President of International Operation in the Automotive Sector. Shah said he was satisfied with the progress the company had made to date, and reconfirmed its commitment to stay in Australia for the long term.]

[howam00]

Originally Posted by pee wee

The talk about Mahindra relegating Global Vehicles to a lesser role than full distributorship would normally entail has some historic support: (note- this is from an Australia article from June of '09 of Carsguide.com.au )



[Mahindra launched in the Australian market with the Pik-Up two years ago as partner in a joint venture with Tynan Motor Industries, but has since taken control of the operation by acquiring an 80 per cent share and renaming the company Mahindra Automotive Australia.

Taking control was necessary to advance the Mahindra cause in Australia, said Pravin Shah, Mahindra's Executive Vic President of International Operation in the Automotive Sector. Shah said he was satisfied with the progress the company had made to date, and reconfirmed its commitment to stay in Australia for the long term.]

Interesting. Maybe there will be a takover of GV