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.
This, my friends, is the ultimate off-road champion, gloats Rajesh Karkera/Rediff.com.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
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.
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.
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.
Ten things you must know about the latest innovation from Mahindra
It is expected to be ready by 2017.
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.
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.
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.
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.
Marazzo, The Innova Crysta competitor
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.
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
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.
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.
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 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.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
M&M conducted raids across six auto spare part makers and sales outlets.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
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.
Mohun Bagan beat East Bengal 1-0 to win Durand Cup title for first time after 23 years
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.
This settlement relates to an accounting fraud perpetrated by the company's former management from at least 2003 through September 2008.
Vantika Agrawal, 21, is aiming to become a Grandmaster, which could happen as early as next year.
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.
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.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
This new compact SUV is offered in SLE, SLX and ZLX variants
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
