Page 8 - Shally Seth Mohile

M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs

Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago

Auto companies ring up higher net sales, profits in March quarter

Semiconductor shortage and high commodity prices dent margins

Gujarat cabinet nod for Tata Motors' takeover of Ford India's Sanand plant

Tata Motors to continue to enjoy incentives that were extended to Ford India

Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Hospitality deals pick up after a lull as HNIs, family offices check in

Family offices, high net-worth individuals and institutional investors are looking at the sector, say advisory firms

Likely reduction in steel prices to offer relief to auto, consumer durables

The impact will be seen with a lag and will help only partially

India's entry-level cars lose steam as buyers wait it out in inflation

Industry's shift to more expensive models and international chip shortage drag down volumes to a 7-year-low

Indian Hotels to stay the course on asset monetisation for growth

Hospitality chain says its needs 'see what we need and what we don't' as it goes on monetisation plan.

Volkswagen, Mahindra & Mahindra sign agreement to collaborate on EVs

The Volkswagen, Mahindra & Mahindra agreement comes in less than 6 months after Mahindra brought the curtains down on all kinds of collaborations with Ford Motor Co on December 31, 2021.

Varroc Engg eyes fast-paced growth after deal closure with Plastic Omnium

Will sharpen focus on domestic market, play to its strength in lighting and electrical and electronics components as part of re-aligning focus and enhancing ROCE

'Guest-first policy': For Prithvi Raj Singh 'Biki' Oberoi, quality tops

Biki has been the chief architect, designer and planner in every one of his hotels

TaMo bets on electrification in small CVs, drives in e-version of Ace

Bags order of 39,000 units from e-com players

Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April

Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong

2-wheeler sales rise in April, but recovery unlikely to continue: Analysts

High raw material prices and semiconductor shortage puts recovery in doubt for companies' plans

Tata Motors EV unit on massive recruitment drive to scale up business

The TPG-backed firm to hire in multiples of 100s in the coming months

EV fires: Boom Motors recalls Corbett bikes, stops production temporarily

Boom will be the fourth company to recall its E2W brands involved in fire incidents, after Okinawa, PureEV and Ola Electric

Varroc Engg to divest lighting biz in Americas and Europe to French firm

It has signed a Euro 600 million transaction with Compagnie Plastic Omnium

Tata Motors has global ambitions for electric vehicles: N Chandrasekaran

Tata Sons Chairman N Chandrasekaran stresses the automaker's global plans for its EVs over the next three years

Varroc signs Euro 600 mn deal with Omnium SE to focus on EV, other segments

The Euro 600 million transaction will see Varroc divesting its lighting System operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco

Bajaj Auto Q4 net up 10% YoY to Rs 1,469 cr on higher export realisation

Guides for a 10-15% impact on Q1 volumes due to chip shortage. It says rising cell prices could retard transition to EVs