The investment will be made through a joint venture with Toshiba and Denso. The battery is the most expensive single part of an EV.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
National Anti-Doping Agency chief Navin Agarwal confirmed the former India captain was tested by NADA officials in March but declined to elaborate further.
Mahindra and Mahindra has posted a 52.21 per cent rise in sales of utility vehicles at 8,638 units in February compared to 5,675 units sold in the same month of 2003.
Sales of commercial vehicles rose 5.30 per cent to 52,481 units in January this year, SIAM said.
Mahindra and Mahindra has recorded a 23.6 per cent rise in automobile sales during December 2003 to 8,549 units from 6,916 units in the same month last year.
Mahindra & Mahindra is planning to invest Rs 1,000 crore on capacity expansion in the next three years, and was also planning to set up assembly units in Russia and Malaysia, according to Pawan Goenka, president (automotive sector) of M&M.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
Many chief executives said they were talking to people at the top level in their organisations to find how their companies can help the flood victims.
This will help M&M secure a stable line of dealerships fairly quickly, which otherwise is time-consuming and painstaking. Chrysler LLC last month decided to terminate business with 789 dealers -- nearly 25 per cent of its total dealership -- as part of its restructuring process. Mahindra is moving into the US at a time when recession has forced companies to slash jobs, pushing auto sales to the lowest in three decades.
Increased truck sales, new models push Leyland's share to 34%, from 30.2% in the same quarter a year before.
'If the minister does not resign, then it will be the darkest incident of Indian democracy where power prevailed over the people.'
Car sales likely to touch record 3-mn mark by the end of March.
Auto loan costs remain stubbornly high.
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
Mahindra and Mahindra on Wednesday said it would attain annual production of 6,000 tractors in China by the end of these fiscal, months after it began operations in the country through a joint venture.\n
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
Everyone has an eye over this segment which contains some of the most stylish cars in the country.
Auto component companies -- especially the mid-size and small ones -- are facing an uphill task to stay afloat as banks have become tight-fisted in giving credit and vehicle makers are cutting orders to combat the slowdown in sales.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
India's biggest utility vehicle player Mahindra & Mahindra will spend close to Rs 300 crore ($60 million) towards brand-building and promotion as it prepares to launch its vehicles in the largest automotive market in the world - the United States.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
Financials emerged as the top gainers while auto shares rallied on robust September sales
Indian companies have done stunning acquisitions in the recent past. It was widely expected that with their frugal managerial practices, they would soon be able to recover the money spent in these acquisitions. While it has worked in several cases, in some cases it hasn't.
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BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
The design of the rear doors and C-Pillar for example seem inspired by the Suzuki iv-4 concept crossover.
Among those who have the most to lose from India's haphazard policies are dealers selling cars made by Toyota, Mahindra & Mahindra, Daimler AG's and Tata Motors' luxury arm, Jaguar Land Rover
Utility vehicle and tractor maker Mahindra and Mahindra on Tuesday said it plans to set up a manufacturing base in Brazil.
We can't wait to see Maruti Suzuki S-Cross and Hyundai ix25 hitting the roads.
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
High-end mid-sized sedans, comfy SUVs and entry-level luxury models steal their show.
According to research by IHS Markit, for an ecosystem still grappling with infrastructure issues -- the high cost of EVs and a greater OEM (original equipment manufacturer) focus on electrifying two-wheelers and commercial vehicles first -- the share of such vehicles is expected to be 4 per cent by 2030, reports Pavan Lall.
The 5-seater Compass is set to take on Hyundai Creta, Mahindra XUV500, Renault Duster, Toyota Innova and Tata Hexa.
Tech Mahindra and United Spirits will replace them in the 50-share index of the National Stock Exchange with effect from March 28.
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