Anand Mahindra says driverless tractors could change the future of food production
Mahindra's total vehicle sales rose 11% to 121,530 units during the three-month period
Exports surged 16% to 4,153 units during the month as against 3,565 in July last year
Funds to be used for ongoing capex, short- and long-term working capital, general corporate purposes
Auto major sees double-digit growth in tractor, UV sales in Q1
The stock ended the day with a gain of 2.22% at Rs 1,460.70 on BSE
Company had sold 25,090 units in the same month last year
Multi-brand car service company aims to ramp up number of workshops to 500 by the end of FY18
Company currently operates in the 15-42 seater small bus space, which has about 8% marketshare
Company sold 501 units of medium and heavy commercial vehicles in month under review
Company reported total tractor sales at 23,018 units in May
The company's growth is likely to be muted due the absence of any new platform launches in FY17
Domestic sales up 14% at 39,357 units; Exports surge 11% to 2,506 units
M&M, VST Tillers Tractors, Insecticides, Kaveri Seed, PI Ind, Coromandel Int'l, Tata Chem and Rallis up over 4%.
The company said the YUVO range was built on a new platform with industry first 12F+3R full constant-mesh gearbox
Prices of recently launched KUV100, however, have been hiked with immediate effect
The stock dipped 6% to Rs 1,190 after the company said Q4FY16 margins could be impacted by around 100 bps, due to expiry of excise duty exemption at its Haridwar plant.
Passenger vehicle sales was up 26% at 22,612 units
Domestic tractor sales rose 24% to 12,702 units in February