Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
No one ever expected that it would so soon re-enter the Indian car market.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
"We have hiked prices last week by 1.5 to 2 per cent on all our vehicles due to higher commodity costs," Mahindra and Mahindra President (Automotive and Farm Sectors) Pawan Goenka said.
No longer, Virendra Kapoor points out, are these awards given on the recommendation of ministers, or the Delhi-based liaison men who had ruled the roast till 2014.
In its 10th year, the Mahindra Bolero remains the dominant market leader in the sports utility vehicle segment with a market share of 29 per cent.
Reliance Industries rose by 1.16 per cent while ITC and ICICI Bank zoomed up to 2 per cent, lifting the indices to all time high levels.
Global Vehicles, which had entered into an exclusive agreement to sell Mahindra's pick-up trucks in the US, in a law suit filed before an Atlanta District Court, alleged that there has been inordinate delay in launch of the truck.
More may follow as market indices gain 80 per cent
Buying a second-hand car has become hassle-free, courtesy the presence of corporate players like Maruti Suzuki's True Value and Mahindra and Mahindra's First Choice.
The vehicle offers a mileage of 27 km per litre and comes with a high performance 9.1 HP Kohler engine for good pickup and load carrying capacity.
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.
With only two days left for the final bidding process to start (9 am on April 13), the government-appointed board of Satyam Computer Services is giving final touches to the modalities. And providing the extra information the potential bidders wanted.
Among the Sensex constituents, Larsen and Toubro emerged as the top performer with a gain of 2.76 per cent after the company announced winning large contracts from domestic clients.
The award was given to Oberoi for his 'daring to be different', Mahindra said at the ceremony on Friday, adding the 79-year-old had built a culture where nothing short of perfection was tolerated. Accepting the award, Oberoi said, "Our biggest asset is our people. The award is a recognition that we have the best employees in the hospitality industry."
In the two weeks since the terror attacks in Mumbai, most of the large Indian business groups in the city have been conspicuous by their absence in offering help to terror victims.
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.
Nashik district collector P Velarasu has appeled agitating Mahindra and Mahindra employess and its management to amicably resolve their differences within two days.
Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.
Say lower duties could enhance demand.
Mahindra Defence Systems chief executive Brigadier (retd) Khutub Hai said the company had manufactured armoured Scorpios for VVIPs. He added that the company has exported five armoured Scorpios to Sri Lanka as part of the Presidential fleet there.
Anand Mahindra, vice chairman and managing director of Mahindra and Mahindra, took over as the president of the Confederation of Indian Industry on Tuesday.
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
Business heads of three leading Indian firms from as many sectors - automaker Mahindra and Mahindra, consumer goods major Godrej and biotechnology firm Biocon - on Monday said they were looking at acquisitions in overseas markets as the rupee appreciation had made such plans a good-value proposition.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Gateway has a contemporary look with all controls designed with ease of access and operation in mind. The Gateway is fitted with an alarm, immobiliser and offers keyless entry. It is powered by 2600 cc common rail diesel engine.
"We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well," Mahindra and Mahindra Ltd Executive Arun Nanda told reporters in New Delhi on the sidelines of India Economic Summit. Fundamentals of real estate have not changed. Nanda said, there were no funding issues for its projects and the company's affordable housing projects are not going to disappear.
Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
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.
Private players are increasingly looking at the defence market which is a promising multi billion-dollar arena.
M&M has been declared as the 'Employer Brand of the Year' for 2007-08 at Asia Pacific HRM Congress.
Maharashtra CM Vilasrao Deshmukh declared that the state has received approx Rs 20,000 FDI in the last 3 years.
Kinetic Motor Company, the Pune-based scooter-maker, which sold its business assets to Mahindra and Mahindra for Rs 110 crore (Rs 1.1 billion) on Wednesday, is now considering to get into the auto components business.
The government on Wednesday granted approval to Nokia, Wipro, Hewlett Packard, Reliance, Biocon, Ranbaxy Laboratories, Mahindra and Mahindra, Reliance energy and Adani Group's to set up Special Economic zones.
With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other.
"It is a recognition of your remarkable career in the business community in Mumbai and on the part you took in the establishment of the partnership between Mahindra and Renault," French Ambassador to India Jerome Bonnafont said in a letter informing Nanda of the award.
The report quoted unnamed sources at Land Rover as saying, "It is definitely Tata. There is one final meeting and so long as there is no last minute hitches, which are not expected, then an announcement will be made on Friday." The final details would be worked out in the next six weeks, it added. The report also quoted a union official as saying that Mahindra's bid fell flat because of links to a private equity firm as the Indian firm was working with Apollo.
The UK-based BAE Systems has zeroed in on M&M and is believed to have signed a Memorandum of Understanding (MoU) after holding talks with at least two other leading corporates -- Tatas and Larsen and Toubro (L&T) for its Indian Land Systems project, sources close to the development said.
Tech Mahindra and Motorola will be investing $12.5 million in their joint venture, CanvasM, to deliver application solutions for the global network providers and enterprises.\n
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances