The demand for diesel cars, which account for 58 per cent of passenger vehicle sales in India every month, has seen a steep rise, as manufacturers continue to introduce variants that have diesel engines.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
The market shares has already tumbled to 48 per cent from the earlier 56 per cent.
Mahindra to replace ageing models with new ones, especially the popular XUV500.
When it comes to navigating through tough times, Mahindra & Mahindra is no novice. The positive surprise the company has thrown up, in terms of profit and margin expansion in the June quarter, only endorses this fact.
Homegrown farm equipment to aerospace major Mahindra group on Friday unveiled a new logo in line with its pursuit to become "one of the top 50 most admired global brands within a decade".
Auto major Mahindra & Mahindra on Wednesday said it will hike prices of some of its models by 1-2 per cent soon to offset increasing input costs and inflation.
The government has asked SIAM members, to provide fresh data which will provide an indication about the diesel vehicle demand in the country.
Utility vehicles maker, Mahindra and Mahindra (M&M), is considering reinstating the entire staff laid off by South Korean sports utility vehicle (SUV) manufacturer Ssangyong Motor Co in the next two to three years, according to M&M president (automotive and farm equipment sectors) Pawan Goenka.
M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr
An expected drop in sales may prompt Mahindra & Mahindra to cut scheduled capacity expansion plans, if the government goes ahead with the imposition of additional tax on diesel vehicles, according to the country's biggest maker of sports utility vehicles.
Eight others, including Bajaj Auto Managing Director Rajiv Bajaj and Tractor & Farm Equipment Chairman Mallika Srinivasan, received awards across categories at an award ceremony attended by over 350 people in New Delhi on Monday.
"In business, personal passion should not be an indulgence, but a promise of excellence," said Mahindra, the vice-chairman & managing director of India's leading farm equipment-to-software group.
India's largest utility vehicle maker is also planning to take it own products to the Korean market next year, said Pawan Goenka, M&M president, automotive and farm equipment sector.
Mahindra & Mahindra is one of India's leading auto makers.
The Mahindra Group is an automotive, farm equipment, financial services, trade and logistics and information technology conglomerate.
According to the Society of Indian Automobile Manufacturers, total sales of vehicles across categories registered a growth of 13.40 per cent to 13,70,786 units in May, as against 12,08,820 units in the same month last year.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
Auto major Mahindra & Mahindra said it has decided not to acquire the over 95 per cent stake in the beleaguered PSU firm Scooters India at present, as it has "various things" to do.
Keeping with its global ambition, homegrown farm equipment-to-software group Mahindra & Mahindra said it will embark on a new brand positioning to project a singular voice for various entities under its umbrella.The group has decided to use 'Rise' as the new brand position.
M&M is in the final stages of acquiring troubled South Korean automaker Ssangyong Motor Company.
Mahindra & Mahindra on Wednesday said it will look at sharing vehicle platforms with that of South Korean company SsangYong Motor, the acquisition of which it expects to complete by December.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Auto maker Sonalika Group on Thursday said it is looking to set up two assembly lines for producing tractors in East and South African regions as it aims to double exports turnover to Rs 800 crore (Rs 8 billion) within three years.
Why can't India design ergonomic farm equipment? asks Surinder Sud
Without naming the Congress, he said the frustration of a party, which ruled for four generations, was at the root of this politics of opposition for opposition's sake.
Nanda will also continue as the chairman of Club Mahindra and Mahindra Consulting Engineers and take over from Anand Mahindra as the chairman of Mahindra Lifespaces, M&M said.
Auto and farm equipment major Mahindra and Mahindra on Wednesday said its US-based subsidiary will open a new assembly and distribution centre by the end of this month.
Having faced sourcing issues for potato in 2008, food and beverage major PepsiCo is planning to ensure supply by introducing farming equipment and technology and new potato seed varieties to decrease chances of crop loss. It also aims to increase the acreage under contract farming by entering new states across the country.
M&M president for automotive sector Pawan Goenka told reporters that there has been a surge in commodity prices, specially that of rubber and sheet metals, which has resulted in pressures on margins.
The protesting farmers dubbed the three laws as "anti-farmer" and claimed they infringe upon their basic right to sell their produce at MSP.
Mahindra & Mahindra, the world's fourth largest tractor maker, has deferred its plan to build a Rs 400 crore (Rs 4 billion) tractor facility in Chennai on apprehensions that tractor sales may slow, a top company executive has said.
The workers, who were protesting reportedly against the farm bills brought by the Centre, which recently received the assent of President Ram Nath Kovind, had brought the tractor to the site on a truck.
The Indian auto major will have 51 per cent in the JV, Mahindra Yueda Yancheng Tractor, with the rest held by the Chinese partner. M&M, which already has a presence in the Chinese tractor market through Mahindra China Tractor Co after acquiring 80 per cent stake in Jiangling Tractors in 2004, will now become the third largest tractor maker in the world after John Deere and New Holland.
Each region in India has its own culinary narrative that speaks through its distinct dishes. Each cuisine packs within itself, textures, layers, ideas and historical nuggets so that all of Indian food cannot be pigeonholed together to say that there is one Indian cuisine. A fascinating extract from Sonal Ved's Whose Samosa Is It Anyway?.
The city's overall air quality index stood at 306 on Friday.
SBI put a temporary ban on tractors and farm mechanisation loans, starting this week, citing the reason of rising overdues. SBI finances about 25 per cent of all tractors sold in India, with a finance exposure of Rs 7,000 crore (Rs billion) as of last year. The ban will remain effective for a period of two months. According to an industry expert, India witnessed sales of about 325,000 tractors last year.
M&M conducted raids across six auto spare part makers and sales outlets.
'If we do not burn the residue, wheat sowing will be delayed and that will ultimately affect the yield'
SBI's move may not have moved the farmers, who had stopped paying their monthly installments ever since Finance Minister P Chidambaram announced a Rs 60,000-debt waiver plan, but it did create a furore in political circles. Finally, Chidambaram, by his own admission, had to intervene and get SBI to roll back the move. For the 57-year-old SBI chief, who has earned an unprecedented five-year term, it proved to be a rare instance of being 'misunderstood'.
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