Move to be aimed at reducing subsidies on the fuel.
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.
The SUV costs the same as the VX variant.
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
Some see value accretion, for others it's a de-risking hedge
The union is demanding reinstatement of one of their leaders who has since been suspended.
Mahindra & Mahindra would not be an aggressive bidder to take over Aston Martin.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
The Bolero has sold over 1 lakh vehicles during FY2015.
Tracing the development of the Mahindra XUV 500, the company's first four-wheeler to be fully styled in India.
Haresh Chawla, group chief executive officer of Network18, on Thursday put in his papers. And Rajesh Jejurikar, Mahindra & Mahindra's chief executive for the automotive division, will join Zee Entertainment Enterprises (Zee) as president.
'The correction could take two to three months and traders need to be careful.' 'For investors, this could be a good time to nibble in.'
Even as some automakers limp, others charge ahead.
Amid stalled wage renewal talks, union functionary suspended, triggering work stoppage.
High lending rates, fuel prices, higher input costs and labour trouble impact profitability.
The Mumbai-based company is simultaneously working on concepts such as full hybrids, battery-powered powertrains, bio-diesel, fuel-cells and hydrogen-powered engines. Some of these vehicles will be ready for launch by 2015, according to the company whose 99 per cent of products are driven by diesel engines today.
How does the latest offering from the Mahindra stables match up? Read on
Investors have been concerned about M&M's diversification into non-core businesses but the company is taking the right measures to build their confidence.
The compact SUV's exteriors and fuel efficiency could make it a tough challenger, provided Ford plays its price card well.
Buses that run on battery, trucks that purr on LNG, and more from the stables of Tata Motors, Mahindras and Ashok Leyland. The Auto Expo 2018 had these and more.
Standing ovations, flowers, gifts and rosy farewell speeches -- Keshub Mahindra's last annual general meeting (AGM) as chairman of Mahindra & Mahindra (M&M) had all this, and more.
December car sales data was a mixed bag. While some reported growth in sales other saw a dip. This probably can be because customers are waiting for a rate cut from RBI.
Beginning with a bang amid all the glitz and glamour of the biennial Auto Expo, the year will be ending with a whimper for the automobile industry as sales dwindle, and the worst-ever industrial violence at Maruti Suzuki's Manesar plant leaves a big scar.
Maruti Suzuki India may have taken pride in its 'Gypsy' model with defence forces as its main customers but Mahindra & Mahindra Vice-Chairman and MD Anand Mahindra has likened it to a rabbit compared to the company's cheetah-inspired 'XUV500'.
The automobile maker entered the passenger car segment last year with only one model, but failed to impress the market. It is now banking on new launches to boost sales.
The different tax structures for smaller and larger vehicles in the Indian market have resulted in the emergence of a unique category of compact sub-four-metre sedans and utility vehicles that are gaining favour among consumers. Come mid-2013, half-a-dozen sub-four-metre vehicles will be on road.
The different tax structures for smaller and larger vehicles in the Indian market have resulted in the emergence of a unique category of compact sub-four-metre sedans and utility vehicles that are gaining favour among consumers. Come mid-2013, half-a-dozen sub-four-metre vehicles will be on road.
Volkswagen, which has two heavy-duty truck brands, Scania and MAN, is eyeing an equity stake in Navistar to gain a stronger foothold in the US commercial vehicle market, according to international media reports.
While some carmakers are lowering their sales targets, Maruti Suzuki DZire, M&M XUV500 and Renault Duster are selling strong.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
The company, however, reiterates sunny outlook on struggling two-wheeler line. It says customer satisfaction high.
The government has asked SIAM members, to provide fresh data which will provide an indication about the diesel vehicle demand in the country.
The lawsuit alleged the Mumbai-based company duped hundreds of dealers and walked away with more than $60 million in cash and trade secrets, a release posted on PR Newswire website stated.
A variant of the e2o could be exported to the Middle Kingdom, Europe next year.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
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.
This rise was spurred by record kharif sowing - after a good rabi season - that ensured high disposable incomes in rural India.
To use JLR's technology in the new cars.
Tata said it was a matter of "great shame" that the company allowed Mahindra & Mahindra to get ahead of it to claim the number three spot in passenger vehicle production.
Tata Motors, India's third largest passenger vehicle maker, took pole position in the competitive sport utility vehicle (SUV) market in October, reveals the data from industry sources. Riding high on the Punch - the sub-compact SUV offering launched on October 18 - the Tata group flagship sold a record 23,381 units in October, higher than 20,022 units sold by archrival Mahindra & Mahindra, 18,538 units sold by Hyundai Motor India, and 15,931 units sold by Kia Motors India. Utility vehicles - that include SUVs and multipurpose vehicles - accounted for almost one in every two passenger vehicles sold in India in the first seven months of the current financial year, according to the Society of Indian Automobile Manufacturers.
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