India's Mumbai headquartered Mahindra & Mahindra announced plans to set-up a Mahindra Ag Tech Center at Virginia Tech Corporate Research Center. This research facility will focus on creating technology products for the North American agriculture market, and will complement the work being done in product development centers at Mahindra Research...
India's Mahindra Opens Michigan's First new Auto Factory in 25 Years
Already with a large presence in the U.S. tractor market, Mahindra and Mahindra, an Indian multinational car manufacturing corporation headquartered in Mumbai, launched a new manufacturing facility in Auburn, Michigan, where the company plans to build off-road vehicles. The new facility is part of the company’s expansion plans, and becomes...
Gujarat Leads Race to Manufacture Electric Vehicles in India
With the Government of India's initiative to put 1 million electric vehicles on the roads by 2019 , car and bike makers are preparing to manufacture electric and hybrid systems. The western state of Gujarat is set to become the electric vehicle hub of India. Ford Motor Co., which has...
India's Mahindra Group to Set Up Tractor Factory in U.S.
Mumbai, India-based Mahindra Group's wholly owned Houston-based subsidiary Mahindra USA plans to set up a greenfield manufacturing facility for tractors in the U.S. in the next three to five years. When asked about expanding operations, Mahindra USA president and CEO Mani Iyer said, "It makes sense down the line to...
Make in U.S. and Make in India: A Win-Win Situation?
According to India’s Mahindra Group Chairman Anand Mahindra, President Obama has tried to create a "win-win situation”. Mahindra says that both “Make in U.S.” and “Make in India” are not conflicting slogans, but in reality are win-win situations, reports Business Today magazine. American companies can benefit by supplying technology, and...
Acquisition of Rhythm & Hues by Prana Studios
34x118 Holdings Inc., an affiliate of Prana Studios (an American computer animation and visual effects company, based in Los Angeles, with a subsidiary in Mumbai, India), recently won a bankruptcy auction. The company bid just $1.2 million in cash and assumption of up to $17 million in debt in order...