The overall demand for cars in India will continue downward trajectory in the upcoming financial year, even as SUV thirst is likely to push passenger vehicle (PV) sales to record high, a report showed on Monday. Sport utility vehicles (SUVs) are likely to propel overall PV volumes to record high at 5-7 per cent in … Read more
Mahindra & Mahindra is likely to bring its pickup truck in the Indian market soon as it has recently received approval for the trademark ‘Scorpio X’. This move suggests the imminent launch of a production model based on the Scorpio N model.While Mahindra officially introduced the ‘Global Pik Up’ concept in August 2023, details about … Read more
Auto major Mahindra and Mahindra has cut its forecast for the domestic tractor sales for the industry for FY24 citing weakness in the rural economy. Against its earlier forecast of low single digit growth, it now expects tractor sales in the world’s largest market for such implements to decline 5% year-on-year. For the current March … Read more
Mahindra & Mahindra expects to sustain growth momentum in the small commercial vehicles segment in the next fiscal, as it looks to keep refreshing the range as per customer needs, a senior company official said on Thursday. The company on Thursday introduced the new Supro Profit Truck Excel series, available in both diesel and CNG … Read more
Mahindra & Mahindra on Thursday said India-Japan Fund will invest Rs 400 crore in its unit Mahindra Last Mile Mobility Ltd. India-Japan Fund (IJF) will invest Rs 400 crore at a valuation of up to Rs 6,600 crore, resulting in IJF’s ownership ranging between 6.06 per cent and 8.25 per cent stake in Mahindra Last … Read more
Bajaj Auto has pipped Mahindra & Mahindra to become the third most valuable automobile company in India intraday on Tuesday after nearly 20 months. The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&M’s market value of Rs 2.03 lakh crore. Maruti … Read more
English pop star Dua Lipa and her family were in the limelight in India recently as they enjoyed a vacation in the country, specifically in Rajasthan and Delhi. Mahindra & Mahindra chairman Anand Mahindra took to his X (formerly known as Twitter) account and shared a photo from the trip featuring a family member of … Read more
New Delhi: In a record year for car sales, only four companies – Hyundai, Tata Motors, Mahindra & Mahindra and Toyota – hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got to 1.71 million units, but that was still short of its pre-Covid record of 1.73 … Read more
India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more
India’s equity benchmark indices experienced a downturn in early trade on Tuesday, influenced by weak trends in Asian markets and a continuation of foreign fund outflows. This decline comes as investors chose to book profits following a recent sharp rally in the markets.The 30-share BSE sensex is down by over 500 points and is trading … Read more