Mahindra Group is keen to expand its retail operations.
'I want to tell everybody there is nothing in the world that you can't do.' 'If you apply your mind, you can do anything and everything.'
Mahindra and Mahindra will set up a medium and heavy commercial vehicle plant in Maharashtra at a cost of Rs 2,500 crore
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M&M saw its sales drop by 26.93 per cent to 15,881 units in December 2013. Last year also the company had shut down its tractor plants at Jaipur and Rudrapur for five days and two days, respectively, due to inventory pile up amidst falling sales.
Tivoli has turned out to be the best-selling vehicle from SsangYong in its 62-year history, Ajay Modi reports from New Delhi.
HSBC analysts believe the UV which might sell about 3,000 units a month might fail to be an aspirational product in urban India.
Supply chain constraints will keep plaguing automobile companies even though demand significantly improved resulting in a 13 per cent year-on-year (YoY) increase in sales in financial year 2021-22 (FY22). Executives at auto firms fear that the Russia-Ukraine war will further dent the sector's prospects of recovery as supply chains face more disruptions. "The visibility in the supply side is so hazy that it is difficult to give even one quarter projection. But all the parameters of demand like pending bookings and enquiries are increasing.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Rising commodity costs, coupled with other marketing-related expenses, could weigh on profitability in the coming quarters.
M&M is keen to increase the number of factories in the Africa region and plans are afoot to have one each in Sudan and Kenya.
Analysts said the demand recovery in two-wheeler and car segments was skewed towards the semi-urban and rural markets.
The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.
'It has the potential to add half a trillion dollars to the economy over the next five years.'
The story of Mahindra's Rise campaign talks about how the company is keeping things real . . . and hoping to disappoint cynics in the process.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
Utility vehicle and tractor maker Mahindra and Mahindra on Tuesday said it plans to set up a manufacturing base in Brazil.
The company which is facing a capacity saturation for its tractors -- a segment where its the market leader with 41 per cent share -- is looking to have an additional capacity in place for future demand.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
India's largest selling sports utility vehicle is going strong even in its 10th year, but M&M has already set the ball rolling for a complete makeover
Mahindra & Mahindra Ltd has lost the race to acquire the tractor business of Valtra in Finland and Brazil to US-based Agco, which had bid at euro 600 million.
Maruti's exports in May were down 2.4% at 9,089 units
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
While directly holding city-based utility vehicle and tractor major Mahindra & Mahindra responsible for a potential job loss to the tune of 8,300 in the United States, its former partner Global Vehicles has called for stricter actions.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
Aston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker.
Analysts worry about possible loan waiver.
The 2-door vehicle may finds its way back in India with the launch of the all-new Thar by Mahindra and Mahindra, says Rajesh Karkera.
The company, in a BSE filing, said "the matter was resolved amicably through mutual dialogues and the matter has also been withdrawn by them from the conciliation officer, Mohali."
