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M&M to buy out Navistar in JV

Mahindra and Mahindra (M&M) intends to purchase Navistar International Corp?s stake in Mahindra Navistar Automotives (MNAL) and Mahindra Navistar Engines (MNEPL) for about Rs 175 crore. Following the buy, the joint venture (JV) firms will become Mahindra and Mahindra?s (M&M) wholly-owned subsidiaries, the company said in a statement. M&M holds a 51 per cent stake in both the companies, with the US-based Navistar holding the remaining 49 per cent stake. The deal is subject to the conclusion of de

Engines of Growth

A recent report from the United Nations Industrial Development Organisation (UNIDO) forecasts that the world's manufacturing output growth will be slower compared to the last year. As per the report, the developing countries have maintained high growth rates of manufacturing with production increasing by 11.1 percent.

MNEL is introducing the most-awaited 4-cylinder engine to the Indian market.

Mahindra Navistar Engines (MNEL), a joint venture between Mahindra & Mahindra (M&M) and Navistar Inc USA, has positioned itself as a high-end engine manufacturer catering to a variety of needs for engines for all applications besides diesel engines for medium and heavy commercial trucks and buses.

Gensets: Driven by Demand

Increased activities in infrastructure development coupled with the demand-supply imbalance in power have pushed the demand for gensets. In this era of increased activities, emission is a major factor to confront with.

Engines of growth

Studies show that at present as per 2010 figures, diesel engines in India emit a total of 357,959 tonne of pollution. If we were to use diesel engines with lower emissions, then this figure would be reduced to 116,325 tonne. Couple this with the fact that there are over 400,000 diesel powered vehicles being produced every year and 250,000 diesel powered gensets

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