Pravin Shah, President & CEO, M&M said no production days is a normal practice which an organization follows and demonetisation is not the only reason for that.
09 Dec 2016, 4.49 pm | Source: CNBC-TV18
"The company will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016," Mahindra & Mahindra said in a BSE filing.
09 Dec 2016, 12.50 pm | Source: PTI
All major players – Maruti, Hyundai, M&M and Honda – will close manufacturing units this month and next month. While insiders are blaming demonetisation for the extended shutdown, Maruti and Hyundai have said it is as per prev...
09 Dec 2016, 10.57 am | Source: Moneycontrol.com
According to Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month were at 2,40,979 units, as against 2,36,664 in November last year.
08 Dec 2016, 2.52 pm | Source: PTI
The company, which opened its 100th outlet at Jaipur today, plans to open over 150 outlets by the end of this year itself.
08 Dec 2016, 1.26 pm | Source: PTI
Terming the dip in footfalls and new bookings on account of demonetisation as a “temporay blip”, Chairman RC Bhargava said latest reports from its dealerships indicate a reversal in the trend. He added that the company is unli...
07 Dec 2016, 8.48 pm | Source: CNBC-TV18
Car companies have announced discounts in the range of 10-20 percent in December to stabilise the weak demand caused mainly due to the government’s demonetisation move.
06 Dec 2016, 9.17 am | Source: Moneycontrol.com
Mahindra Agri Solutions Ltd (MASL), a wholly-owned subsidiary of the company, has inked a definitive agreement to acquire up to 60 per cent of the equity share capital of OFD Holding BV, a fruit distribution company, M&M said in a...
05 Dec 2016, 6.20 pm | Source: PTI
Digital payments need to be promoted in the big cities because of a lack of proper resources and infrastructure, RC Bhargava, Chairman of Maruti Suzuki. Once they get used to going cashless, the digital drive can be extended to th...
05 Dec 2016, 8.42 am | Source: Moneycontrol.com
There was an unusual excitement about monthly auto sales numbers this time around. Not just equity analysts and investors tracking auto stocks, but economists and corporate circles too were eagerly awaiting November sales data for...
02 Dec 2016, 6.52 pm | Source: Moneycontrol.com
Statistics suggest that Maruti have received more than 1.72 lakh bookings for the Vitara Brezza since its launch in March 2016.
02 Dec 2016, 12.27 pm | Source: NEWS18.com
Maruti Suzuki India, Toyota and Renault posted double digit sales growth in November even as companies like Mahindra, Ford and Honda saw sales drop as walk-ins at dealerships declined on account of demonetisation of high value cur...
01 Dec 2016, 7.40 pm | Source: PTI
Amid speculations of the adverse impact of demonetisation on the economy, three of the four automobile companies that reported November monthly sales numbers seemed to have either positively surprised or posted in-line results.
01 Dec 2016, 4.47 pm | Source: Moneycontrol.com
Utility vehicles and tractors manufacturer Mahindra & Mahindra said it sold 32,499 units in November, lower by 22 percent compared with 41,590 units sold in year-ago period. Weak domestic performance post currency demonetisation i...
01 Dec 2016, 2.29 pm | Source: Moneycontrol.com
Festive season boost and low base effect have helped automobile companies post better-than- expected sales numbers despite concerns demonetisation will have a negative impact says Pranoy Kurian of IDBI Capital Markets & Securities...
01 Dec 2016, 12.31 pm | Source: CNBC-TV18
Maruti Suzuki, the country's largest car manufacturer, beat analysts' expectations on November sales front due to strong performance in domestic business.
01 Dec 2016, 10.19 am | Source: Moneycontrol.com
This is part of the company's comprehensive digital strategy to enhance the overall ownership experience of its automotive prospects and customers at pre-sales, sales and post sales stages, said a statement.
30 Nov 2016, 9.00 pm | Source: PTI
Retail growth in auto sales for the month of November is likely to be sharply lower for all companies due to currency demonetisation and post festive demand moderation, brokerage houses say.
30 Nov 2016, 5.41 pm | Source: Moneycontrol.com
What is being done is right, and needs to be done but it is not enough and a lot more needs to be done if India has to become a manufacturing nation, says Pawan Goenka, MD of Mahindra and Mahindra.
29 Nov 2016, 2.40 pm | Source: CNBC-TV18
The variant--'Wagon R Felicity' comes with various features including reverse parking sensors with display and voice guidance, body graphics and rear spoiler.
25 Nov 2016, 6.00 pm | Source: PTI
Electric vehicles that use expensive batteries have failed to take off in cost-conscious and power-deficient India, despite enjoying incentives like low taxes from the government that has set a goal of raising the number of such v...
24 Nov 2016, 3.06 pm | Source: Reuters
Spread on 11-acre plot with an additional 5 acres for future expansion, the warehouse aims to significantly reduce the order processing time for North India customers.
21 Nov 2016, 3.30 pm | Source: PTI
Maruti Suzuki India (MSI) continued to hold sway in the domestic passenger vehicles (PVs) market in October with seven of its models featuring among the top 10 selling brands last month.
20 Nov 2016, 11.52 am | Source: PTI
Maruti Suzuki is surely surprised by the government's demonetisation move. CNBC-TV18's Ronojoy Banerjee caught up with Kenichi Ayukawa, MD and CEO of the company and he says it's too early to assess the impact on the company sales...
18 Nov 2016, 4.01 pm | Source: CNBC-TV18
Ayukawa said in the last ten years, the total investment by the automobile industry in the country has been to the tune of 35 billion dollars.
16 Nov 2016, 2.10 pm | Source: PTI
"Maruti Suzuki's Japan-India Institute of Manufacturing in Mehsana will take forward the vision of the two governments to create a pool of skilled manpower in manufacturing in India," the car market leader said in a statement.
15 Nov 2016, 2.10 pm | Source: PTI
Mahindra and Mahindra today revamped its top deck by elevating Pawan Goenka as managing director while redesignating Anand Mahindra as executive chairman.
11 Nov 2016, 6.54 pm | Source: PTI
The company had posted standalone net profit of Rs 915.38 crore in the same quarter last fiscal, M&M said in a BSE filing.
11 Nov 2016, 2.52 pm | Source: PTI
The tax incidence will remain more or less the same under GST despite the cess, says Executive Director of M&M, Pawan Goenka. He along the management of several auto companies, discussed transitional issues on GST with Finance Min...
07 Nov 2016, 2.23 pm | Source: CNBC-TV18
"In India it makes sense for hybrid technology for the smaller car because today globally there is no hybrid technology for small cars or low-cost car and that I think is needs to be developed. We, Maruti and Suzuki, are working o...
06 Nov 2016, 1.14 pm | Source: PTI