'Two would be premium products and three would be mainstream products.'
Mahindra & Mahindra on Friday launched new models of its sport-utility vehicle Scorpio and cut its price ranging from Rs 34,000-70,000.
The Mumbai power cuts come amid concerns about wider blackouts across the country due to a shortage of coal.
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.
Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country, it added.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Maruti Suzuki India and Hyundai reported single-digit sales growth in July with the sports utility segment continuing to drive overall demand in the market. Mahindra & Mahindra witnessed a 29 per cent increase in passenger vehicle dispatches while Tata Motors saw a marginal increase in the wholesales last month. Maruti Suzuki on Tuesday said its total domestic passenger vehicle sales stood at 152,126 units last month as compared to 142,850 units in the year-ago month, a growth of 6 per cent.
While declining to disclose the percentage of wage hikes given to offshore and onsite staff, the spokesperson said that the hike was effective from October 1, 2012.
Auto major Mahindra has ambitious plans for its electric cars project, that include ramping up its output to 60,000 units a year, high-end electric powertrains, and 380 to 650 volt battery systems.
Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
Ten things you must know about the latest innovation from Mahindra
It is expected to be ready by 2017.
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.
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.
The company plans to launch a slew of models in the domestic as well as overseas markets in the coming year.
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.
India and the United States are in discussion for supply of 145 M777A2 LW155 howitzers for the Indian Army, it said.
This, my friends, is the ultimate off-road champion, gloats Rajesh Karkera/Rediff.com.
The money will be used to develop products jointly.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
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.
Marazzo, The Innova Crysta competitor
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
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
Nakamura, who started off as the favourite in the blitz section, is in sixth spot on 13.5 points, ahead of tour leader and compatriot Fabiano Caruana who has 13 points.
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.
Pawan Goenka, tells Shally Seth Mohile the Alturas, by far the most-expensive model wearing an Indian badge.
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.
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 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.
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
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.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
Mohun Bagan beat East Bengal 1-0 to win Durand Cup title for first time after 23 years
