Mahindra & Mahindra on Thursday said it will launch a micro-hybrid version of its latest multipurpose vehicle Xylo before the year-end, while it gears up to roll out two electric cars from the Reva stable by the end of 2011.
After small cars hogged the limelight, it was the turn of celebrities, including Bollywood stars Shah Rukh Khan, Ajay Devgan and cricketer Sourav Ganguly, to add glitz to the ongoing 10th Auto Expo.
Workers at Mahindra & Mahindra's largest plant, at Nashik, have gone on an indefinite 'tools down' strike, denting the company's revenue by Rs 25 crore a day.
Includes all-new versions of Swift and Swift Dzire.
Mahindra & Mahindra has decided to curtail its capital expenditure of Rs 5,000 crore (Rs 50 billion) in view of the ongoing slump in demand for cars and sports utility vehicles in the domestic market.
With fuel cost soaring to new highs, automobile firms are launching hybrid models to tackle the problem.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
With its fluidic design, Santa Fe looks and powerful engine under the hood, Hyundai Creta is quite an interesting SUV
Automotive major Mahindra and Mahindra has posted a 24.8 per cent rise in vehicle sales, including three wheelers, at 12,055 units in November 2004 as against 9,662 units in same period last year.
Mahindra and Mahindra Ltd will reduce its debt below the Rs 600 crore (Rs 6 billion) level in the next financial year and is planning to ramp up production of the sports utility vehicle Scorpio to over 2,500 units per month shortly.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
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.
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.
An all-new engine and a host of features mark the new V-series Mahindra Scorpio.
M&M will assemble 5,000 completely knocked down kits of Scorpio and pick-up trucks in this plant per annum. This would eventually be scaled up to its full capacity of 10,000 units a year.
After the easing of lockdown in mid-May, auto companies were able to resume production in a phased manner, but the ramp-up was slow due to a broken supply chain, and lockdown-induced restrictions.
The company announced on July 11 that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.
Auto stocks are weighing on the indices.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
'Local support is very important, without it the terror attack couldn't have taken place.' 'Explosives were secured, the IED was manufactured, the boy was brainwashed and converted into a suicide bomber... it takes a lot of planning and hard work.'
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
After a few exciting days in Nepal, a land of alluring stupas, Rediff.com's Rajesh Karkera, on a tri-nation drive, heads east via India into mysterious Bhutan.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh.
The Mahindra Monastery Escape 2016 is a one-of-its-kind road trip through some of India's toughest and picturesque terrain.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
It is keen on electric cars as battery costs go down
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
The new age XUV500 is the most valuable product from Mahindra
