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  • `No production days` in December a normal practice: M&M

    'No production days' in December a normal practice: M&M   

    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

  • M&M to curb production in December to adjust inventory

    M&M to curb production in December to adjust inventory  

    "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

  • Demonetisation impact: Car makers extend production break in Dec

    Demonetisation impact: Car makers extend production break in Dec  

    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

  • Demonetisation at work: Two wheelers, CVs worst hit in Nov

    Demonetisation at work: Two wheelers, CVs worst hit in Nov  

    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

  • Carnation Auto plans to cross 300 outlets mark by 2017

    Carnation Auto plans to cross 300 outlets mark by 2017  

    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

  • Maruti unlikely to see demand slowdown in 2017: RC Bhargava

    Maruti unlikely to see demand slowdown in 2017: RC Bhargava   

    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

  • Demonetisation: Car makers dangle discount offers to woo customers

    Demonetisation: Car makers dangle discount offers to woo customers  

    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 to acquire Netherlands`s OFD Holding for 5 mn euro

    Mahindra to acquire Netherlands's OFD Holding for 5 mn euro  

    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

  • Move to cashless economy has to be taken step-by-step: Bhargava

    Move to cashless economy has to be taken step-by-step: Bhargava  

    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

  • COMMENT: Visible signs of green shoots in auto sales

    COMMENT: Visible signs of green shoots in auto sales  

    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

  • Maruti Suzuki Vitara Brezza surpasses 1.72 lakh bookings mark

    Maruti Suzuki Vitara Brezza surpasses 1.72 lakh bookings mark  

    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, Toyota post double digit growth in November

    Maruti, Toyota post double digit growth in November  

    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

  • Motown in fast lane as sales so far have defied `demon` effect

    Motown in fast lane as sales so far have defied 'demon' effect  

    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

  • M&M Nov auto sales drop 22%, exports up 22%; tractors down 21%

    M&M Nov auto sales drop 22%, exports up 22%; tractors down 21%  

    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

  • About 20% of Maruti volumes likely immune to cash ban: IDBI Cap

    About 20% of Maruti volumes likely immune to cash ban: IDBI Cap   

    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 Nov sales jump 12% at 1.35 lakh units, exports down 10%

    Maruti Nov sales jump 12% at 1.35 lakh units, exports down 10%  

    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

  • M&M launches digital platforms to support customers

    M&M launches digital platforms to support customers  

    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

  • Demonetisation, post festive slack demand may hit Nov auto sales

    Demonetisation, post festive slack demand may hit Nov auto sales   

    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

  • Demonetisation: See short-term impact on tractor sales; focus on mfg needed: M&M

    Demonetisation: See short-term impact on tractor sales; focus on mfg needed: M&M   

    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

  • Maruti launches limited edition version of Wagon R

    Maruti launches limited edition version of Wagon R  

    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

  • Infrastructure group JSW plans to make electric cars: Sources

    Infrastructure group JSW plans to make electric cars: Sources  

    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

  • M&M opens Rs 150 cr warehouse facility in Jaipur

    M&M opens Rs 150 cr warehouse facility in Jaipur  

    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

  • Seven Maruti models among top 10 best selling PVs in October

    Seven Maruti models among top 10 best selling PVs in October  

    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

  • Surprised by govt`s demonetisation move: Maruti Chief

    Surprised by govt's demonetisation move: Maruti Chief   

    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

  • Auto sector can generate 6.5 cr new jobs by 2026: Maruti

    Auto sector can generate 6.5 cr new jobs by 2026: Maruti  

    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 to set up industrial training institute in Mehsana

    Maruti to set up industrial training institute in Mehsana  

    "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

  • M&M elevates Goenka as MD; Mahindra redesignated

    M&M elevates Goenka as MD; Mahindra redesignated  

    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

  • Mahindra & Mahindra Q2 net up 27% at Rs 1,163 cr

    Mahindra & Mahindra Q2 net up 27% at Rs 1,163 cr  

    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

  • Expect tax incidence to remain same under GST depsite cess: M&M

    Expect tax incidence to remain same under GST depsite cess: M&M   

    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

  • Maruti, Suzuki working to develop low-cost hybrid cars

    Maruti, Suzuki working to develop low-cost hybrid cars  

    "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

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