Page 15 - M&m

Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .

Amid slowing sales, carmakers fear fee hike will further dent demand

The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals

Muted outlook to weigh on M&M stock; price hikes to make matters worse

In addition to the cut in the GST from the current 28 per cent, the company hoped for scrappage policy to boost demand

M&M consolidated PAT falls 52.56% in June quarter to Rs 894 over weak sales

Mahindra & Mahindra on Wednesday reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30, hit by lower vehicle sales. The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the same quarter of the previous financial year, Mahindra & Mahindra said in a regulatory filing. Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago. In the first quarter, M&M said its total vehicle sales stood at 1,23,690 units as against 1,30,484 units in the year-ago period, down 5 per cent.

M&M's GA8 planes to fly after Australia, EU lift grounding orders

Australia's Civil Aviation Safety Authority said the precautionary suspension was triggered by initial information that the plane had broken up in flight

Asset quality concerns return to haunt M&M Financial's investors

While provisioning costs more than double, NPA levels may remain elevated until loan growth recovers

Dip in tractor sales a temporary blip for M&M, demand seen rising again

Farm sector worries and marginal market share loss resulted in tepid tractor sales in December

M&M eyes world SUV market

M&M eyes world SUV market

M&M to drive in multiple versions of its entry-level models KUV100, TUV300

Utility vehicles major Mahindra & Mahindra (M&M) plans to drive in multiple versions of its entry-level models KUV100 and TUV300, catering to different sets of customers, a senior company official said. Looking at the two brands as "long term and strategic", the company is investing in new technologies, including making the products confirm to BS-VI emission norms. Besides an updated version of TUV300 next year, M&M is gearing up to introduce an electric version of KUV100 as well. The company also plans to launch a diesel version of KUV100, mated with an automated manual transmission (AMT), in the current fiscal. "We always said that we want to be full range SUV player and both these products (TUV300 and KUV100) are very important for us," M&M Chief of Sales and Marketing (Automotive Division) Veejay Ram Nakra told PTI. Elaborating on the importance of the two products, he said that besides making them BS-VI compliant, the company is also investing to make them meet ...

M&M raises tractor volume forecast, posts 23% revenue growth to Rs 133 bn

Volume growth and operational efficiencies help in strong performance for June quarter

M&M beats estimates for Q1 profits, net surges 63% to Rs 12.2 bn

(Reuters) - India's Mahindra & Mahindra Ltd reported a better-than-expected 63 percent surge in first-quarter profit on Tuesday, underpinned by robust sales.

Strong UV, tractor biz perk up M&M's PAT

M&M's revenue grew 17 per cent to Rs 12,573 crore

M&M forays into construction equipment space, launches first motor grader

Mahindra and Mahindra (M&M) today announced foray into construction equipment business by launching its first motor grader. The Mumbai-based company today rolled out its first motor grader -- Mahindra RoadMaster G75 -- under the business vertical. "We are targeting to sell around 200 units over the next one year. We already have orders for 50 motor graders as of now," M&M President Automotive Sector Rajan Wadhera told PTI. The company's motor grader is priced at Rs 34.99 lakh and around one-third of the cost of big ones being sold by other companies, he added. The company would introduce other products after establishing the product in the market, Wadhera said. The RoadMaster G75, being rolled out of the company's Chakan plant, has been designed and developed after an in- depth understanding of the needs of the road contractor fraternity, he added. "Our aim is to liberate them from deployment of various sub-optimal methods with limited mechanisation and thereby, .

Difficult to regain SUV market share, says M&M; Maruti Suzuki tops segment

M&M, the traditional leader in utility vehicles, has accepted the changed market dynamics of this fastest growing segment of the domestic passenger vehicle market which has drawn newer players. The company said it will be impossible to get back its old market share of over 40 per cent and it will be content to maintain a share of low 30s (per cent). The company has been overtaken by Maruti Suzuki in utility vehicle volumes this year. The Suzuki backed company has climbed to numero uno position with the help of Brezza, a SUV launched in March 2016. Maruti sold about 160,700 units since the launch and is yet to make deliveries of 54,000 units, translating into waiting period of four months. M&M saw its market share shrink to 29.2 per cent in FY17 from 37.9 per cent in the previous year. Maruti's share grew from 16 per cent to 25 per cent in the same period. "We have lost the market share primarily because the universe of UV is expanding very rapidly and also because there are ..

M&M sales up 3% at 41,895 units in May

Auto major Mahindra & Mahindra today reported 3 per cent increase in total sales at 41,895 units in May. The company had sold 40,656 units in the same month last year, the company said in a statement. In the domestic market, sales were up 10.89 per cent at 40,602 units last month compared to 36,613 units in May 2016. Exports were down 68 per cent at 1,293 units in May against 4,043 units in the same month last year. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were up 3.33 per cent at 20,290 units compared to 19,635 units in the same month last year. Commercial vehicle sales were up 23.99 per cent at 16,255 units in May against 13,109 units in the year-ago period, M&M said. M&M President Automotive Sector Rajan Wadhera said the projections of a good monsoon and focused investments in rural sector is expected to spur demand. "We have a robust outlook for future...At Mahindra we look forward to growth momentum on the back of our .

M&M aims at solution sales

Auto major is looking to cater to the entire value chain in farm equipment space

M&M to add electric spark to new models

Sets it eyes on reaching the lofty goal of selling 100,000 of them by 2022

M&M considers electric vehicles for US, China

Italian auto-design affiliate Pininfarina will make the vehicles for Mahindra & Mahindra

Mahindra & Mahindra posts 6% rise in sales in March

Mahindra & Mahindra today reported 6 per cent rise in total sales to 56,031 units in March as against 52,718 units sold in the same month last year. In domestic market, sales were up 9 per cent at 53,322 units last month compared to 48,967 units in March 2016, M&M said in a regulatory filing. The company said its exports stood at 2,709 units during the month under review. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, declined by 5.70 per cent at 25,352 units compared with 26,885 units in March 2016. Its medium and heavy commercial vehicles sales surged 67 per cent to 1,471 units last month, M&M said. For the entire fiscal, the company's total sales grew by 3 per cent to 5,06,625 units as against 4,94,098 units in 2015-16.

Mahindra unveils new Bolero at Rs 7.06 lakh

The Bolero Power Plus comes with an mHawk engine, is 5% more fuel-efficient than the existing model and delivers 70bhp