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Mahindra Acquires Meru Latest Videos

Mahindra Acquires Meru Latest News

  • Mahindra & Mahindra will acquire a 55 per cent stake in radio taxi firm Meru Cabs, the company has announced in an exchange filing. The Indian auto giant will be making a primary investment of Rs. 103.5 crore by a fresh issue of shares in the company, in tranches. The final purchase price will be arrived at after making customary closing adjustments, the filing said. With Mahindra's investment, Meru's currnet largest shareholder - private equity firm True North, will have a lesser stake in Meru, down from 80 per cent to 35 per cent. In addition to Meru, the company's subsidiaries - Meru Mobility Tech Private Limited, V-Link Automotive Services Private Limited and V-Link Fleet Solutions Private Limited, will now be a part of the Mahindra Group.
    Mahindra Acquires 55 Per Cent Stake In Ride-Hailing Firm Meru Cabs

Reviews

  • Reincarnated XUV 3XO has a few tricks up its sleeves to take on the highly competitive sub-four metre SUV segment. But is it worth buying over the seven other alternatives?
    Mahindra XUV 3XO Review: 3 Reasons To Buy And 3 Reasons To Avoid
  • All three cars - Tata Nexon, Kia Sonet and Mahindra XUV 3XO - come with a turbocharged petrol engine and a proper automatic transmission.
    Tata Nexon vs Kia Sonet vs Mahindra XUV 3XO: Subcompact SUV Showdown
  • All-electric and compact, this made-in-India SUV Coupe is as fun to drive as it looks
    Mahindra BE 6e Electric SUV First Drive: Driver’s Delight
  • The Mahindra XEV 9e is a born electric vehicle that has the potential to be a game changer for Mahindra.
    Mahindra XEV 9e First Drive Review: A Star Is Born!
  • The five-door version of the new Thar launched in 2020 is not only bigger but promises as much comfort and practicality as an everyday SUV
    2024 Mahindra Thar Roxx 4x4 Review: More Space, More Utility, More Features