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Auto - Cars & Jeeps News

  • M&M incorporates Mahindra Airways as wholly-owned subsidiary

    M&M incorporates Mahindra Airways as wholly-owned subsidiary  

    "Mahindra Airways is incorporated as a wholly-owned subsidiary of Mahindra Holdings Ltd (MHL). The initial subscription by MHL into Mahindra Airways is Rs 5 lakh," the company said in a regulatory filing.

    27 Jul 2016, 9.00 pm  |  Source: PTI

  • Maruti to launch LCV Super Carry in India next month

    Maruti to launch LCV Super Carry in India next month  

    Initially, the vehicle will be sold in three cities Ahmedabad, Kolkata and Ludhiana - priced at Rs 4.03 lakh, Rs 4.11 lakh and Rs 4.01 lakh respectively, MSI said in a statement.

    27 Jul 2016, 3.18 pm  |  Source: PTI

  • Other income lifts Maruti Q1 profit 23%, revenue misses forecast

    Other income lifts Maruti Q1 profit 23%, revenue misses forecast   

    Other income in April-June quarter shot up 134 percent to Rs 483.3 crore while other expenses increased 16.2 percent to Rs 2,007.2 crore on yearly basis.

    26 Jul 2016, 2.24 pm  |  Source: Moneycontrol.com

  • Maruti planning to transport vehicles via inland waterways

    Maruti planning to transport vehicles via inland waterways  

    Maruti Suzuki India is planning to transport vehicles through inland waterways and has inked a pact with the government for this, a move that will help the country's' largest carmaker reduce its logistic costs.

    25 Jul 2016, 6.42 pm  |  Source: PTI

  • Q1 earnings to remain in focus; mkts to see volatility: Experts

    Q1 earnings to remain in focus; mkts to see volatility: Experts  

    Next batch of quarterly earnings from blue-chips Maruti Suzuki, HDFC and ICICI Bank, progress of monsoon and developments in Parliament regarding GST Bill would remain in focus for stock market this week, which is likely to see bo...

    24 Jul 2016, 2.26 pm  |  Source: PTI

  • Gurgaon gets its first water ATM, courtesy Maruti Suzuki

    Gurgaon gets its first water ATM, courtesy Maruti Suzuki  

    Maruti Suzuki India has invested around Rs 20 lakh to set up the Kasan Water ATM which is capable of supplying 1,000 litres of purified water every hour which will benefit over 10,000 villagers, said Chaudhary.

    22 Jul 2016, 7.34 am  |  Source: PTI

  • M&M launches new mild hybrid Scorpio priced upto Rs 14 lakh

    M&M launches new mild hybrid Scorpio priced upto Rs 14 lakh  

    The new version is equipped with 'Intelli-Hybrid' technology that helps reduce fuel consumption by up to 7 percent by assisting the engine with electric power during acceleration, automatically switching the engine off while the v...

    20 Jul 2016, 2.26 pm  |  Source: PTI

  • M&M`s tech, product development spend at Rs 1,938 cr in FY16

    M&M's tech, product development spend at Rs 1,938 cr in FY16  

    The company, which is betting big on innovation and aims to be among the top 50 'Most Admired' brands in the world by 2021, also filed 173 patents in 2015-16.

    20 Jul 2016, 9.12 am  |  Source: PTI

  • MSI`s 5 models in top 10 best selling list, Swift loses ground

    MSI's 5 models in top 10 best selling list, Swift loses ground  

    According to data compiled by the Society of Indian Automobile Manufacturers Association (SIAM), MSI's Alto which sold 15,750 units in June retained the title of the best selling model although it sold 21,115 units in the same mon...

    19 Jul 2016, 9.22 am  |  Source: PTI

  • Mahindra seeks shareholders` nod to raise Rs 5,000 cr

    Mahindra seeks shareholders' nod to raise Rs 5,000 cr  

    The company would spend the money "to augment resources for, inter alia, the ongoing capital expenditure, long term working capital/short term working capital and for general corporate purposes", the company said in a BSE filing.

    13 Jul 2016, 9.23 am  |  Source: PTI

  • Most states may not follow Kerala `green tax` way: RC Bhargava

    Most states may not follow Kerala 'green tax' way: RC Bhargava   

    With the decision on diesel vehicle ban in Delhi still pending, the Kerala government is now mulling a green tax to reduce pollution in the state.

    08 Jul 2016, 9.58 pm  |  Source: CNBC-TV18

  • No diesel cess plan, but car makers must think electric: Gadkari

    No diesel cess plan, but car makers must think electric: Gadkari   

    Gadkari said the government would try to give subsidies to encourage production of electric cars, but there will always be limitations on how much subsidy could be given

    07 Jul 2016, 11.51 am  |  Source: Moneycontrol.com

  • Restructuring two-wheeler biz, 250 workers given VRS: Mahindra

    Restructuring two-wheeler biz, 250 workers given VRS: Mahindra  

    Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given voluntary retirement scheme to 250 workers as part of the process.

    06 Jul 2016, 6.14 pm  |  Source: PTI

  • Maruti Suzuki Chairman: Why ban on diesel cars is unfair

    Maruti Suzuki Chairman: Why ban on diesel cars is unfair   

    Questioning the rationale behind the recent court decision to ban large diesel vehicles in the National Capital Region, Maruti Suzuki RC Bhargava said car emissions were only a small factor in overall pollution and added that auto...

    04 Jul 2016, 8.57 pm  |  Source: CNBC-TV18

  • Mahindra sales move up 8% to 39,011 units in June

    Mahindra sales move up 8% to 39,011 units in June  

    Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, also went up 7 percent to 17,070 units, from 15,880 units in the same month last year.

    01 Jul 2016, 3.26 pm  |  Source: PTI

  • Maruti zooms past Hyundai, both on Google search & sales: CLSA

    Maruti zooms past Hyundai, both on Google search & sales: CLSA  

    The brokerage house, in a report, says that Maruti’s new launches like Baleno and Vitara Brezza continue to strengthen in comparison to its competitors. Volume growth for Vitara is likely to continue.

    01 Jul 2016, 2.04 pm  |  Source: Moneycontrol.com

  • Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%

    Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%  

    "The growth in quarterly sales is despite the disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company," says Maruti in its filing.

    01 Jul 2016, 10.26 am  |  Source: Moneycontrol.com

  • MSI inks pact with Andhra for driving training institute

    MSI inks pact with Andhra for driving training institute  

    The company has signed a Memorandum of Understanding (MoU) with the state government to establish and manage Institute of Driving Training and Traffic Research (IDTR) at Venkatachalam village in Darsi in Prakasham district, MSI sa...

    01 Jul 2016, 9.08 am  |  Source: PTI

  • Nomura sees 25% growth in June CV sales, passenger units flat

    Nomura sees 25% growth in June CV sales, passenger units flat  

    Nomura expects heavy commercial vehicle segment to see 25 percent growth in June sales against 20 percent in the previous month and 2-wheeler sales growth to be at around 10-12 percent.

    30 Jun 2016, 5.28 pm  |  Source: Moneycontrol.com

  • Maruti to ramp up Baleno production, cut waiting period

    Maruti to ramp up Baleno production, cut waiting period  

    Country's largest carmaker Maruti Suzuki India (MSIL) said it is ramping up production of premium hatchback Baleno to meet the current demand and reduce waiting period

    21 Jun 2016, 3.30 pm  |  Source: PTI

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