Net profit at M&M and Mahindra Vehicle Manufacturing Ltd contracted to Rs 918 crore from Rs 1,238 crore a year ago while revenue and other income decreased to Rs 12,997 crore from Rs 13,551 crore a year ago.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
It is expected to be ready by 2017.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
With the Thar, M&M has come full circle. In a market where every other vehicle has an SUV tag, the company plans to stick to its core competence of making rugged, true-blue, all-terrain SUVs, and marks a fresh beginning for the 75-year-old firm that enjoyed an indomitable position in the SUV segment till 2012, reports Shally Seth Mohile.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
India and the United States are in discussion for supply of 145 M777A2 LW155 howitzers for the Indian Army, it said.
The company plans to launch a slew of models in the domestic as well as overseas markets in the coming year.
The money will be used to develop products jointly.
Mahindra & Mahindra (M&M) will deliver 1,000 units of its all-new Thar SUV during Diwali festive period, the company said on Friday. The latest version of the iconic SUV was launched on October 2, in two trims -- AX and LX -- with both petrol and diesel powertrain option, and is priced between Rs 9.8 lakh and Rs 13.75 lakh
Marazzo, The Innova Crysta competitor
Vantika Agrawal, 21, is aiming to become a Grandmaster, which could happen as early as next year.
The Mahindra NuvoSport is considered a classic case of lost identity by many experts. It is neither refined enough to play along with the big SUVs nor is it cheaper to buy to make it a mass market product. Thus Indian automobile website MotorBeam.com decided to give the car a fair chance and reviewed it to unravel its nitty-gritty.
If the alliance works out as planned, it will give a big boost to Mahindra, as it has been struggling with its only car model Verito, managing to sell around 200 units a month
Pawan Goenka, tells Shally Seth Mohile the Alturas, by far the most-expensive model wearing an Indian badge.
Workers at utility vehicle major Mahindra & Mahindra's Nashik facility on Tuesday issuing a notice to the management to go on strike on or after March 11, if their demands for higher wages were not settled by the company.
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.
Mohun Bagan beat East Bengal 1-0 to win Durand Cup title for first time after 23 years
The company had earlier said it would sell its Indian-made four-door and two-door diesel pick-up trucks in the US market by the end of the year.
M&M conducted raids across six auto spare part makers and sales outlets.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.
How does the Royal Enfield Himalayan launched as the country's first budget adventure tourer fare against Mahindra Mojo, launched last October? Team BikeDekho finds out...
Indian captain Bhaichung Bhutia on Friday said the shutting down of Mahindra United should serve as a wake-up call for All India Football Federation who need to encourage fan-based clubs.
A double strike by Yusif Yakubu guided Mahindra United to their fourth victory.
Mahindra & Mahindra is looking to increase production of its latest sports utility vehicle XUV500 to about 3,000 units per month in the next 2-3 months because of strong demand.
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
This settlement relates to an accounting fraud perpetrated by the company's former management from at least 2003 through September 2008.
Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
East Bengal coach Subhash Bhowmick is disappointed at being forced to go into Wednesday's I-League second round clash against Mahindra United without the benefit of a full practice session for his team.
This new compact SUV is offered in SLE, SLX and ZLX variants
You can ask for written communication from your HR manager seeking an explanation about your resignation. Please mark the copies to your senior authorities as well as top executives especially if you feel you are being harassed, suggests rediffGURU Pradeep Pramanik.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
Odafe Onyeka Okolie's goal gave the Goa team a 1-0 victory over Mumbai's Mahindra United in the final and their maiden triumph in the tournament.
Tivoli has turned out to be the best-selling vehicle from SsangYong in its 62-year history, Ajay Modi reports from New Delhi.
Mahindra United defender Surkumar Singh was named 'Player of the Year' by the All India Football Federation.
The auto maker wants to cut output in the wake of low demand.
