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.
After videos went viral on social media showing actor-turned-activist Deep Sidhu handing over a flag to a man to hoist on the ramparts of the Red Fort on the Republic Day during the farmers' tractor rally, farmer leaders on Wednesday raised doubts over his political affiliation, claiming that "he is a worker of the Bharatiya Janata Party".
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.
Farmer leader Sarwan Singh Pandher on Thursday demanded registration of a murder case against those responsible for the death of a protesting farmer at the Khanauri border point of Punjab-Haryana.
Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
Reacting to the incident of a police sub-inspector being mowed down by a tractor carrying illegally mined sand in Jamui, Bihar Minister Chandra Shekhar said that the incident is nothing new and asked whether such incidents did not happen in other states.
A team of three Union ministers will hold talks on Monday with a delegation of farmer leaders, who are planning to march towards Delhi to press for their demands.
The incident that came to light on Saturday came days after a farmer was beaten up by the police in the state over non-payment of loan.
Cholamandalam Investment and Finance's (Chola) share has yielded one of the best returns in the last month. The company has sustained assets under management (AUM) growth at 7 per cent quarter-on-quarter (Q-o-Q), and 35 per cent year-on-year (Y-o-Y) in Q1FY25. Scaling up of new businesses now contributes to 13 per cent of loans (vs 10 per cent in Q1FY24).
Mahindra & Mahindra (M&M), the country's largest tractor company, has acquired the controlling stake in Punjab Tractors Ltd (PTL), the fourth largest tractor firm, outbidding Hinduja group firm Ashok Leyland.
Due to a 'Kisan Mazdoor Mahapanchayat' convened by farmers at the Ramlila Maidan in New Delhi on Thursday, the Delhi Police has beefed up security and deployed heavy force for checking vehicles, which might lead to traffic snarls in the central parts of the city, officials said.
The Samyukta Kisan Morcha (SKM), an umbrella body of farmer organisations that spearheaded a protest at Delhi's borders in 2020-21 against three agriculture laws that have since been repealed, has said a resolution will be passed at the 'Kisan Mazdoor Mahapanchayat' to 'intensify the fight' against the Centre's policies.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
According to the plea agreement, Sai Varshith Kandula (20), of St Louis, Missouri, crashed a rented truck into the White House perimeter, and he was attempting to gain access to the White House to seize political power.
The Samyukt Kisan Morcha has suspended its November 29 tractor march to Parliament and it will hold a meeting next month to decide its future course of action, farmer leaders said on Saturday.
Computers, mobile phones, tractors and gas stoves will become cheaper with the lowering of duties proposed in the Union Budget 2004-05 while imitation jewellery, steel, cakes and pastries and scented supari will become costlier.
Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday. Total passenger vehicle retail sales rose to 3,20,129 units in July, as compared to 2,90,564 units in July 2023. "Dealers reported benefits from good product availability, attractive schemes, and a wider range of products," the Federation of Automobile Dealers Associations (FADA) vice president C S Vigneshwar said in a statement.
Delhi-based SAS Motors Ltd on Tuesday launched Angad, the Rs 99,000 tractor that, it said, was ideal for Indian conditions besides being cheap.
"We would conduct the rally on some different day," Bhartiya Kisan Union Rakesh Tikait said.
Mahindra & Mahindra Ltd on Thursday decided to submit an offer for acquiring the tractor business of Valtra in Finland and Brazil, the company informed the Bombay Stock Exchange.
The Punjab government has asked the prospective buyers for its 23.49 per cent stake in Punjab Tractors Ltd, the country's second largest tractor maker, to submit their financial bids by July 21, 2003.
The Delhi Police has already stocked up a large number of tear gas shells and ordered 30,000 more from the BSF's Tear Smoke Unit (TSU) located at Tekanpur in Madhya Pradesh's Gwalior, an official said.
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
In view of the farmers' protest and march to Parliament, the Delhi police started preparations to check the advancing farmers' march beforehand, an officer said.
A bench of Justices Surya Kant and Ujjal Bhuyan directed the five-member committee to convene its first meeting within a week and reach out to the agitating farmers to persuade them to immediately remove their tractors, trolleys etc from the Shambhu border between Punjab and Haryana to provide relief to commuters.
Driven by robust demand, automobile retail sales in India rose to a record high this festive season with all segments, barring tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday. Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year as compared with 31,95,213 units last year. During the period, which starts from the first day of Navratri and ends 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.
Passenger vehicle retail sales in India witnessed a 7 per cent on-year decline in June as severe heatwave conditions resulted in 15 per cent less showroom walk-ins, industry body FADA said on Friday. Overall passenger vehicle registrations stood at 2,81,566 units last month, as compared to 3,02,000 units in June 2023. "Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment remains subdued due to extreme heat resulting in 15 per cent less walk-ins and delayed monsoons," the Federation of Automobile Dealers Associations (FADA) president Manish Raj Singhania said in a statement.
The administration is geared up for more showers as the India meteorological department has warned of heavy to very heavy rains with isolated extremely heavy rains in several districts of the state till Thursday morning.
The government has extended the interim approval given to plant protection companies for use of drones for spraying specified pesticides. The approval has been extended for one more year starting from April 18, 2024. All other terms and conditions for the use of drones for spraying plant protection chemicals including the standard operating procedures etc. will remain the same.
The incident occurred at the Santhaldih railway crossing, near the Bhojudih railway station, and the tractor got stuck between the railway track and the gate.
With protesting farmers seeking to march to the national capital, security remained tight on Wednesday with personnel deployed in huge numbers and barricades regulating movement in central Delhi and at border points with Haryana, which can cause hardships to commuters.
There will be a complete ban on gathering, processions or rallies and entry of tractor trolleys carrying people in the national capital as the Delhi Police has imposed Section 144 for a month in the view of intended widespread tension and 'social unrest' due to the farmers' 'Delhi Chalo March' on Tuesday.
"Half of the Indian tractor market is in the 31-40 HP segment and we are now going to change our strategy to target that segment," John Deere said.
India's auto giant, Mahindra & Mahindra on Saturday launched its ambitious bid to become the world's biggest tractor producer by kicking off its China operations, including rolling out the first M&M branded tractor in Nanchang, capital of south-centr
According to a senior official of the district administration, the occupants had built their houses on government land in Tangabari village under the Dudhnoi revenue circle limits and notices to clear those structures were served to them.
The protesting farmers have been staying put at the Shambhu and Khanauri border points between Punjab and Haryana after their "Delhi Chalo" march was stopped by the security forces.
Delhi Police has given permission to the farmers to hold their 'Kisan Mazdoor Mahapanchayat' with the condition of gathering not exceeding to 5,000, no tractor trolleys, no march at the Ramlila Maidan, and made elaborate security arrangements that may lead to a heavy traffic jam in the national capital on March 14, officials on Wednesday said.
In a strong response to the Union home ministry's letter on the ongoing farmers' agitation, the Aam Aadmi Party dispensation in Punjab on Wednesday wrote to the Centre saying it is 'completely wrong' to claim the state government was allowing gathering at the two border points with Haryana.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances