Mahindra & Mahindra on Friday denied report which said that the Indian automaker and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval. The automaker called the Reuters report to be ‘unfounded and said that there … Read more
India’s top three carmakers by sales, on Thursday, reported a drop in car sales to domestic dealers in July as pent-up demand from last year began to taper off. Hyundai Motor India’s sales to dealers dropped 3.3% in July, the first decline in the fiscal year that started in April. Tata Motors’ sales slid by … Read more
Amid weakening demand and rising inventory, leading automakers Tata Motors and Mahindra & Mahindra (M&M) on Tuesday announced heavy discount on purchase of their select and popular SUVs. Mahindra XUV700 approaches its three-year anniversary in the Indian market, M&M has announced celebratory discounts of over Rs 2 lakh on its range-topping AX7 variants for the … Read more
BENGALURU: Carmakers Mahindra & Mahindra and the Indian units of Toyota Motor Corp and Kia Motor reported higher car sales in June, boosted by demand for sports utility vehicles (SUV) even as heat waves weighed on purchase decisions. Each month, automobile makers in India release wholesale numbers, or vehicle sales, to dealers. The sales numbers … Read more
Hyundai has joined Indian car manufacturers Tata Motors and Mahindra & Mahindra in opposing any tax breaks for hybrid vehicles, suggesting that such measures could disrupt the market for petrol and diesel cars. Japanese carmakers like Maruti Suzuki, Toyota, and Honda are advocating for lower taxes on strong hybrids, arguing that the technology reduces emissions … Read more
New Delhi: Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a … Read more
Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company’s total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 … Read more
Auto market expert Hormazd Sorabjee highlights that while Mahindra’s newly launched 3XO has captured customer interest with its features and pricing, the company needs to focus on two factors if they wish to become market leader or beat Tata and Maruti. Hormzad said that the car maker must focus on improving service and reliability to … Read more
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more
Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty’s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more
