The huge volume of pending orders has led to prolonged waiting periods extending up to a year-and-a-half. The company hopes to mitigate this by ramping up production by the end of the financial year
An IPS officer has shared a picture of a car with two different license plates in a Twitter post that has left hundreds amused.
"I hereby anoint the man at the wheel as the best Bolero driver in the world and also nickname him Captain Cool,” Anand Mahindra tweeted
Attributes long wait periods of 20-24 months to unprecedented demand. Says, doesn't have high dependence on Taiwan from a single-source standpoint.
"Bolero has regained its position in the top 10 passenger vehicles in India, which is a validation of the confidence consumers, in semi urban and rural India, have reposed on the brand," M&M Chief of Sales & Marketing, Automotive Division, Veejay Ram Nakra, said in a statement.
This is the first time in two years that Bolero has made it to the top ten list. The model sold 8,001 units last month to occupy the tenth position.
The Mumbai-based company has announced a "proactive inspection" of a fluid hose on Bolero Maxi Truck Plus vehicles, manufactured in September and October 2016, M&M said in a regulatory filing.
Auto major Mahindra & Mahindra today reported 8 per cent increase in total sales at 46,130 units in September.
Mahindra & Mahindra (M&M) today launched a new variant of its sports utility vehicle Bolero, starting at Rs 6.59 lakh (ex-showroom Mumbai), nearly Rs 1 lakh cheaper than the existing range.
Christened as 'New Bolero Power+', its engine delivers 13 percent more power and 5 percent more mileage over the existing Bolero, M&M said in a BSE filing.
In an interview to CNBC-TV18, the company‘s Executive Director Pawan Goenka said that M&M has initiated an internal study on two-wheeler business and a concrete decision will be released in next 6-8 weeks.
Mahindra & Mahindra today reported 17 percent rise in total sales to 52,718 units in March as against 45,124 units sold in the same month of last year.
Pravin Shah, president and chief executive – automotive division, M&M, explains why he expects the vehicle to do well even in a declining small commercial vehicle market
In the domestic market, sales were up by 21 percent to 48,815 units last month as against 40,278 units in October 2014.
Exports were up 28 percent at 4,019 units as compared to 3,146 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 21,030 units compared with 23,433 units in March 2014, down 10.25 percent.
Exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
It had sold 39,611 units in the same month previous year, the company said in a statement.
Mahindra & Mahindra (M&M) had sold 37,897 units in the same month last year, the company said in a statement.
The M-Plus service camp will provide Mahindra owners with the opportunity to ensure that their vehicles are in perfect condition. Ends on March 9
The company sold 4 056 units of the range it offers in South Africa, maintaining a consistent upwards sales trend with a four per cent increase on the previous year. "We are very happy with our performance in a very competitive market," said the CEO of Mahindra SA, Ashok Thakur.
The company had sold 53,439 units in the same month last year, the company said in a statement. In October this year, M&M's domestic sales stood at 47,787 units as against 51,316 in the same month last year, down 6.87 percent.
The increase is primarily due to devaluation of the rupee and increase in raw material costs. "We have been holding back prices for a while but now it has become necessary to raise them due to increasing input costs, devaluation of the rupee and increase in some raw material costs," M&M Ltd Chief Executive, Automotive Division, Pravin Shah said.
Auto-maker Mahindra & Mahindra today reported 17.32 per cent decrease in its total sales at 37,897 units in August, 2013.
Despite the industry slumping almost 10 percent, the rural markets however have grown at an astounding 20 percent. Auto majors from Maruti Suzuki, Hyundai to M&M are putting in place a strategy to woo the discerning rural customers with an addressable market of at least 50,000 potential buyers.