Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report
The Haryana government on Monday introduced a bill in the state assembly to exempt tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas
Haryana Chief Minister Manohar Lal Khattar on Monday said the state will bring legislation exempting tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas.
Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30% decline in total tractor sales at 7,116 units in November 2021.
In last 16 trading days, the stock of VST Tillers has soared 52 per cent after the company reported strong set of numbers for the quarter ended June 2021
Sentiments have turned negative due to the persistent rise in cases; farmers are saving cash for health-related exigencies
The company expects to build a strong balance sheet in digital business unit which will not just add to the growth of M&M Finance but also help to retain existing customers
One dead, many injured as protesters storm Red Fort
Over 200,000 tractors will be part of the 'kisan parade' and around 2,500 volunteers will be deployed to facilitate the movement of the vehicles
Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..
"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar
Tractor sales had crossed the 100,000 mark in October 2018 and October 2019 previously
These norms were to be applicable from October
Here are five stocks from the auto sector that look bullish on the charts.
A total of 16,93,569 vehicles were registered at regional transport offices across the country in June 2019
Sonalika tractors records 18.6 percent overall sales growth in May'20
Street will watch tractor sales post-festival season. For October, the company's tractor offtake was up 2% driven by domestic sales which came in at 13,000 units
Seven months into the launch, the company is offering the service to farmers in select clusters in states such as Haryana, western and central Uttar Pradesh, and Madhya Pradesh
India offers a huge opportunity for the tractor industry as tractor availability at 20 per 1,000 hectares is quite low
Firm's current capacity, which can meet half the total market demand, is more than M&M FY17 sales