Auto industry to start on India’s largest blockchain implementation

In one of the biggest open ledger initiatives in India to date, automakers and component companies have decided to implement a successful vendor management system on blockchain technology, potentially porting some two billion transactions a year to the new platform. This is the first such initiative involving a large industry: automobile manufacturing revenues in India…

Mahindras to Step up Retail Operations

After opening 100 stores over the past four years under the ‘Mom & Me’ brand, Mahindra Retail, the low-profile retailing arm of $15.5-billion Mahindra Group, wants to go full steam. The company, which retails maternity and baby products under ‘Mom & Me’, wants to open 50 stores under that brand. It also plans to open…

Mahindra buys Ssangyong of Korea

Mahindra & Mahindra Ltd said Wednesday it expects to complete the acquisition of South Korea’s Ssangyong Motor Co. Ltd in four months and that the two auto makers may share vehicle platforms, helping reduce vehicle development costs. “While we will maintain a distinct identity between Mahindra and Ssangyong vehicles, there is a potential for sharing…