Pawan Goenka, ED, M&M also added that currently applications are more commercial in nature.
26 Aug 2016, 2.58 pm | Source: CNBC-TV18
Home-grown auto major Mahindra & Mahindra plans to enter new segments of commercial vehicles as it aims to be a full-range player in the said category in the next three years.
14 Aug 2016, 1.52 pm | Source: PTI
Mahindra & Mahindra is recalling in India an unspecified number of its SUV Rexton manufactured on or before September 2014 to rectify faulty rear driveshaft.
12 Aug 2016, 9.48 pm | Source: PTI
The narrowing of the gap between diesel and petrol prices, the December 2015 ruling by the Supreme Court banning registration of luxury diesel cars in the National Capital Region, and the NGT's order in April 2015 seeking a ban on...
12 Aug 2016, 6.50 pm | Source: Moneycontrol.com
In a relief to automotive industry, the Supreme Court on Friday lifted the ban on registration of diesel cars in the National Capital Region, subject to a 1 percent cess paid at the time of registration.
12 Aug 2016, 3.15 pm | Source: CNBC-TV18
The auto major, which is facing capacity constraint, is also expediting the process to operationalise its upcoming Gujarat plant by early next year and start selling vehicles produced from the plant within this fiscal.
11 Aug 2016, 2.40 pm | Source: PTI
Stating that growth of the industry and creation of jobs are likely to be adversely impacted due to targeting of diesel vehicles, he said India seems to be applying "western remedies for pollution to our problem".
11 Aug 2016, 1.58 pm | Source: PTI
Driverless cars, shared rides and renewable energy powered vehicles. These disruptive trends could well redefine the 'future of mobility' around the world and we need to be prepared. That was Anand Mahindra's key message to shareh...
10 Aug 2016, 9.47 pm | Source: CNBC-TV18
Operating profit on standalone basis increased only 3.3 percent to Rs 1,285.54 crore but margin contracted by 112 basis points to 10.76 percent, impacted by automotive segment.
10 Aug 2016, 1.54 pm | Source: Moneycontrol.com
According to figures released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country rose 10.98 percent during the month to 8,97,092 units from 8,08,332 units in the corresponding month las...
10 Aug 2016, 11.24 am | Source: PTI
The company plans to add two more models to be sold from the Nexa chain -- Baleno RS and Ignis hatchback -- by the end of this year, thus taking the total number to four products.
03 Aug 2016, 3.32 pm | Source: PTI
In an interview RS Kalsi told CNBC-TV18 that Maruti plans to launch two new models by the end of this fiscal through its NEXA showrooms and expects this festive season to be better than last year.
03 Aug 2016, 3.07 pm | Source: CNBC-TV18
RC Bhargava, Chairman of Maruti Suzuki, said that the GST is a good move, but the focus should be on implementing it once the legislation is passed. Legislation on paper won’t be good unless there is implementation, he said.
03 Aug 2016, 10.17 am | Source: CNBC-TV18
The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000 while that of new premium hatchback Baleno is Rs 10,000.
01 Aug 2016, 6.08 pm | Source: PTI
Domestic tractor sales rose 15.26 percent to 16,452 units in July as against 14,273 units in the year-ago month, the company said in a BSE filing.
01 Aug 2016, 2.22 pm | Source: PTI
M&M sold 13,168 units of commercial vehicles during the month, higher by 8 percent and 4,781 units in 3-wheeler segment, up by 7 percent compared with year-ago period.
01 Aug 2016, 1.32 pm | Source: Moneycontrol.com
The company said domestic sales grew by 13.9 percent to 1.25 lakh units, supported by Ciaz, Baleno, Eeco and utility vehicles.
01 Aug 2016, 10.25 am | Source: Moneycontrol.com
CNBC-TV18 learns that carmakers are against the protectionist MIP on certain high-grade steel products. Infact, they have written to the steel ministry, urging them to discontinue it. They believe that if the MIP is extended, it w...
29 Jul 2016, 3.33 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18, MD & CEO, Kenichi Ayukawa, Maruti Suzuki India, spoke on a range of topics. He said the Nexa initiative which sells premium cars will be evaluated after five years.
28 Jul 2016, 8.28 pm | Source: CNBC-TV18
Launched in July 2015, Nexa today completed one year of operations. It currently has 150 outlets across 94 cities.
28 Jul 2016, 2.24 pm | Source: PTI
"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
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 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 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
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
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
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
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
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