The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.
Exports for November 2023 were down 42% year-on-year. Year-to-date exports until November 2023 also dropped 17%, reaching 17,986, compared to 21,633 units exported during the same period in FY23
M&M's product line has reached a stage of maturity where we can go and compete around the world, a company official said
The XUV700 sold in Australia will come with only a turbo-petrol engine, the 2.0-litre mStallion that returns 200 bhp and a peak torque of 380 Nm
Analysts say carmaker has to get the pricing right to snatch back volumes in the sport utility vehicle segment
Automaker Mahindra & Mahindra today rolled out a refreshed version of its premium sports utility vehicle (UV) XUV 500 as it seeks to meet the challenges from the new segment rivals such as Jeep Compass, Hyundai Creta and Tata Hexa. The move is also its bid reclaim its position as the largest UV maker in the country, something it had lost to Maruti Suzuki a couple of years ago. In FY18, the nation's largest passenger carmaker led the UV segment with a wide margin over Mahindra. The new refreshed XUV comes with five diesel variants and one petrol model. While the diesel model is priced at Rs 12.32 lakh, the petrol variant comes at Rs 15.43 lakh. Launched in 2011, Mahindra had brought out the first facelift of its mid-sized SUV in 2015. The UV sales grew 20.97 per cent to 921,780 units last fiscal as against 761,998 units in FY17. In FY18, UV sales accounted for 28 per cent of total PV sales, up from 25 per cent in the previous fiscal, according to Siam ...