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.
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's second-biggest carmaker Hyundai Motor India on Thursday said it planned a price hike in April this year due to rising input costs.
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.
Mahindra and Mahindra expects its market share in the utility vehicle segment to substantially go up with the launch of two new products under Bolero brand, according to a company official.
The used car market is now 1.2 times the size of the new car market.
Italian engine maker Lombardini is in talks with automakers like Bajaj, and Mahindra and Mahindra for the supply of diesel engines and said it would make India its export hub.
Mahindra and Mahindra on Friday reported a 48 per cent rise in domestic vehicle sales in September on the back of good demand for utility vehicles and three-wheelers.
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.
The company is also working on an automatic variant of the car/
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.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
Is the XUV700 just a facelifted XUV500 or is it a completely new breed in the vast range of SUVs available today? Rajesh Karkera takes the latest offering from the Mahindra stable for a spin to find out.
DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. Its revenues are at $2:7 billion.
Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Chinese automakers Great Wall Motors, FAW Haima Automobile, and Changan Automobile, after dithering about entering India for some years, have been encouraged by the robust sales performance of the late entrants Kia Motors and MG Motors even in a slowing market.
A blend of traditional as well as contemporary features, the All-New Thar exceeds expectations by far, says Rajesh Karkera/Rediff.com.
Mahindra group and Ford Motor Co will jointly develop new SUVs and a small electric vehicle as part of several initiatives to take forward their collaboration pact signed last year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Four years after entering Formula E racing, Mahindra comes out with a racing car designed for the e-racing circuit. Rajesh Karkera/Rediff.com reports.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
'What the long term repercussions of the Ayodhya judgment are will unfold in time.' 'And I hope the consequences are not going to be as damaging to us as they were to Pakistan,' says Aakar Patel.
78 vehicles. A scenic trail along winding tea estates and forests. And plenty of challenges along the way.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
Pilot project in Bengaluru; Snapdeal got into the category last month
Unverified reports from the area suggest that 25 to 30 gas cylinders have exploded.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
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