Page 40 - Mahindra & Mahindra

Taxi aggregators, GST, self-driving cars to impact industry: Goenka

Rise of taxi aggregators, tougher emission regulations, GST roll out and autonomous driving will majorly impact Indian auto industry going ahead, according to Mahindra & Mahindra (M&M) Managing Director Pawan Goenka. The competitive pressure in the Indian market will also make companies forge alliances as witnessed globally, he said but neither denied nor confirmed speculations on the link-up between M&M and Ford. Amid the changing scenario, he said M&M is focussing on sustainable mobility, seeking to position itself as a catalyst to popularise electric vehicles in India even as it works to increase its volume, market share, revenue and profit. "The automotive industry is changing very rapidly in India and there are three-four factors, which are going to have a major impact on the industry in India and globally in the next four to five years," Goenka told PTI. The factors are ascent of taxi aggregators such as Ola and Uber, tougher regulations on emissions and ...

Mahindra & Mahindra sales decline 2.92% to 42,714 units in February

Auto major Mahindra & Mahindra today reported 2.92 per cent decline in total sales at 42,714 units in February. The company had sold 44,002 units in the same month last year, M&M statement said. In the domestic market, sales were down 2.26 per cent at 40,414 units last month compared to 41,348 units in February 2016, it added. Exports were down 13.33 per cent at 2,300 units in February against 2,654 units in the same month last year. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were down 13.12 per cent at 20,605 units compared to 23,718 units in the same month last year. Commercial vehicle sales were up 18.17 per cent at 16,383 units in February against 13,864 units in the year-ago period, M&M said. Commenting on the sales performance, M&M Chief Executive (auto division) Pravin Shah said: "The auto industry is seeing some positive trends emerging over the last two months. With rural sentiments improving, we believe there ...

Mahindra recharges the electric line

With more charging stations and new alliances, the company revs up its customer acquisition drive

Mahindra plans to launch petrol SUV XUV500 in Q1 of financial year 2018

The company is also mulling launching a petrol variant of its popular Scorpio model

M&M's PAT in top gear at Rs 1,112 crore

Revenue from farm equipment stood at Rs 4,322.14 crore, up 20.3 per cent

Lower UV sales drag M&M's Q3 show

Because of strong tractor sales, it has been able to maintain positive revenue growth, operating profit

Mahindra Q3 PAT up 33% at Rs 1,112 cr

Bottomline driven by exceptional income of Rs 364 cr due to sale of investment in group firms

Mahindra & Mahindra sales down 10% at 39,303 units in January

Company had sold 43,789 units in the same month last year

Auto shares rally; M&M, Maruti Suzuki up 5%

M&M, Maruti Suzuki, Tata Motors, Hero MotoCorp, Eicher Motors and TVS Motor Company were up 2% to 5%

M&M to hike vehicle prices by up to Rs 26,500 from January

Increase in input costs cited as reason

Mahindra sales down 22% at 32,499 units in November

Commercial vehicle sales down 15% to 12,644 units in November as against 14,801 units in the year-ago period

Mahindra's First Choice begins revamp in used car auctions

M&M's used car biz becomes the first private firm to tie up with a bank for conducting such an auction online

M&M: Tractor outlook should lift sentiment

The company has hiked its guidance for tractor volume growth to 20% in the current financial year

Mahindra Tractors' sales records 61% rise in October

Exports during the month zoomed by 68.66% to 1,351 units as compared with 801 units in the year-ago month.

Mahindra & Mahindra gains on strong tractor sales in October

The stock moved higher by 3% to Rs 1,359 on the BSE, bouncing back 4% from early morning low

M&M gives two-wheeler biz a second shot

It has stepped up investments and turned to old brands in its renewed effort to revive the group's biggest loss-making entity

M&M's lead narrows in utility vehicles

Maruti, Hyundai gain with new models; M&M's share dips to 29%

Mahindra revamps its struggling 2-wheeler biz

MTWL says, it would infuse Rs 250-300 crore in the business to resurrect BSA and Jawa brands

Mahindra acquires 60% in Classic Legends

CLPL is engaged in manufacturing and marketing of two-wheelers

M&M sells BabyOye franchise biz

Mahindra Retail has over 120 stores across the country operating under the 'babyOye by Mahindra' brand