Tractor market leader, 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 … 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
India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi’s drive … Read more
Classic Legends Pvt Ltd, a Mahindra and Mahindra subsidiary that makes iconic motorcycle brands Yezdi and Jawa among others, is set to get a fund infusion of Rs 875 crore, Mahindra said in a stock exchange filing. Of this, Mahindra has agreed to invest Rs 525 crore by way of subscription to CCPS (compulsorily convertible … Read more
Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter. The decision fuelled speculation that the US company may be considering a re-entry into the world’s third … Read more
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