Those changes influenced separate decisions by Ford and Mahindra to reassess their respective capital allocation priorities.
The other prominent gainers were UltraTech Cements, IndusInd Bank, Vedanta, ITC and Infosys. However, Dr Reddy's, Nestle India and ICICI Bank traded with a negative bias.
Mahindra Two Wheelers had acquired a 51 per cent equity stake in PMTC from Groupe PSA in 2015. It had infused 15 million euros (about Rs 110 crore) into Peugeot to finance projects implemented through the partnership.
Mahindra Ideal Lanka will assemble KUV100 with a production capacity of 5,000 units per year. The joint venture company will localise four components -- batteries, tyres, seats and exhausts.
Mahindra Logistics serves over 400 corporate customers across various industries like automobile, engineering, consumer goods and e-commerce.
Mahindra launched XUV300 in India at the beginning of the year. XUV300 excelled in areas such as features and safety kits. The Mahindra XUV300 didn't came with automatic option. With XUV300 AMT Mahindra will try to fill the gap.
Mahindra Group and Ford Motor Company on Thursday signed an agreement to co-develop a mid-size sports utility vehicle for fast-growing markets in India and other emerging economies.
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