Page 20 - Mahindra & Mahindra

M&M overall sales up 15% in June, SUV sales rise 22%; exports down by 10%

Three-wheeler sales were also up by 59% and reached 6,377 units in June 2023 from 4,008 units in June 2022

Domestic automakers accelerate employment of women in shop floors

Homegrown automakers Tata Motors, Mahindra & Mahindra, Ashok Leyland and Hero MotoCorp are accelerating the drive to employ more women in shop floors as they press hard on the pedal to enhance diversity. Once outsiders but no longer, thousands of women are now rolling out from two-wheelers to popular SUVs and heavy commercial vehicles across different factories of these companies. Tata Motors has over 4,500 women working in the shop floors across six manufacturing plants, including an all-women line at its Pune facility with over 1,500 of them producing popular SUVs such as Harrier and Safari. "We are an equal opportunity employer and believe a gender-balanced workforce leads to increased productivity, better decisions, enhanced collaboration, and more innovative ideas. Our focus is on enhancing diversity, especially on the shop floor and 25 per cent of all our new recruits are women," Tata Motors Chief Human Resources Officer (CHRO) Ravindra Kumar GP told PTI. He further said, ...

Five-door Jimny to be launched in Australia with ADAS features as standard

This is because of the prevailing regulations in Australia that mandate all new cars to have Autonomous Emergency Braking (AEB) which is a feature counted as ADAS

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Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details

Operating in South Africa since 1996, M&M has registered a recent spike in sales in the country

Indian army receives its first Mahindra Armado; all you need to know

Given its design and build, it can operate effectively in tough terrains like open fields or even in deserts

M&M launches XUV700 in Australia at AUD 36,990; no diesel variant on offer

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

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Automobile maker Mahindra & Mahindra launches SUV XUV700 in Australia

Mahindra & Mahindra Ltd on Wednesday said it has launched its flagship SUV XUV700 in Australia. Given the strategic importance of the market, the introduction of the XUV700 in Australia marks the company's ambitious global expansion strategy and signifies the beginning of a new phase for the brand in the country, Mahindra & Mahindra (M&M) said in a statement. Mahindra Australia, a subsidiary of M&M, is actively working on expanding its network. The focus is on enhancing accessibility and convenience for customers in metro locations, it added. "The introduction of the XUV700 in Australia marks a significant step for the Mahindra brand here," M&M President - Automotive Sector Veejay Nakra said. He further said, "The XUV700 has been engineered to cater to global markets and given its sensational success in the Indian market, we are confident that customers in Australia too will appreciate its class-leading attributes, advanced features, modern technology, and global ..

Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23

Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment

Robust demand pushes passenger vehicle sales up 13.5% YoY in May: Siam

Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows

No brakes on M&M's open bookings, even as capacity addition in top gear

57,000 bookings a month, against 33,000 billings; firm blames semiconductor shortages

Mahindra and Mahindra bets on horticulture to drive tractor growth

M&M currently enjoys a 42.2 per cent share of India's tractor market (as of year till date)

M&M's passenger vehicle sales up by 22% on-year in May at 32,886 units

Mahindra & Mahindra Ltd on Thursday reported a 22 per cent increase in passenger vehicle sales at 32,886 units in May, as compared to the same month last year. The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing. Utility vehicles sales last month were at 32,883 units, as against 26,632 units in the year-ago period, a growth of 23 per cent, it added. Sales of cars and vans were at 3 units as compared to 272 units in May last year. "We continue our growth trend, backed by strong demand in SUVs," M&M President, Automotive Division Veejay Nakra said. He, however, said, "The sales volume for both SUVs and 'Pik-Ups' were restricted by a short-term disruption in engine-related parts at the supplier-end. The semiconductor supply constraints on specific parts like Air Bag ECU, continued during the month too." Total exports were at 2,616 units last month, up 29 per cent from 2,028 units in May .

Mahindra is readying an updated five-door Thar, to be launched next year

This comes at a time when Maruti is all set to begin the sale of its own off-road SUV, Jimny, which Maruti has launched with five doors and comes with better seating space than the three-door Thar

MG Gloster Blackstorm edition launched; prices start at Rs 40.30 lakh

To navigate through different terrains, the MG Gloster is equipped with seven drive modes namely, 'Snow', 'Mud', 'Sand', 'Eco', 'Sport', 'Normal' and 'Rock'

Mahindra & Mahindra rallies 5% on steady March quarter earnings

Record annual profit was driven by successful mega launches in automotive, steady growth at farm equipment, strong operating performance at financial services and value unlock through monetisation.

Healthy growth, valuations point to more gains for Mahindra & Mahindra

Auto segment to drive growth on the back of improving demand, new launches

Mahindra & Mahindra increases capex outlay for FY22-24 to Rs 15,900 cr

Mahindra & Mahindra on Friday said it has revised upward the capital expenditure (capex) outlay for the three years cycle of FY22-FY24 to Rs 15,900 crore from Rs 15,075 crore. An additional Rs 1,600 crore will go into the conventional ICE (Internal Combustion Engine) vehicles for the anticipated regulatory changes and capacity expansion, the company said. Of the Rs 15,900 crore revised capex for FY22-FY24 cycle, an additional Rs 1,600 crore will go into the ICE vehicles for the anticipated regulatory changes and capacity expansion while an additional Rs 1,125 crore for the electric vehicle segment to produce vehicles with changing requirements, the automaker said in a presentation. Another Rs 500 crore has been earmarked for auto and farm investments, said the Mumbai-based company which on Friday reported an 18 per cent jump in its consolidated profit at Rs 2,637 crore in the March 2023 quarter and highest-ever annual profit of Rs 10,282 crore in FY23. The company continued to ...

M&M Q4 results: PAT grows 18% to to Rs 2,637 crore on robust performance

Company announces dividend of Rs 16.25 per share for FY23