Jul 05, 2016 08:45 AM IST
It says that that the worst is over for M&M not only in its core businesses of tractors and utility vehicles (UVs) but also in key subsidiaries. The brokerage firm hopes that after a four-year gap both the businesses tractors and UVs will deliver 14.5 percent volume CAGR over FY16-18.
- Jun 01, 2016 06:54 PM IST
Automobile majors Maruti Suzuki, Hyundai and Mahindra & Mahindra reported double digit growth in their passenger vehicles sales in May riding on new models and better consumer sentiments in expectations of a good monsoon
- Mar 22, 2016 06:16 PM IST
NuvoSport is based on the same new generation platform as the Scorpio but sport a bold and aggressive styling, the company said, adding the new vehicle is targeted at those leading an active, outdoorsy lifestyle.
- Aug 10, 2015 01:19 PM IST
Mahindra and Mahindra reported stronger-than-expected numbers for the quarter. Pawan Goenka, executive director, M&M, spoke about the company's performance in the first quarter.
- Jun 24, 2015 12:55 PM IST
In an interview with CNBC-TV18's Anuj Singhal and Ekta Batra, Subrata Ray, Senior Vice President, Co-Head Corporate Sector Rating, ICRA, outlined trends the ratings firm has captured in its recent report on the auto sector.
- Dec 09, 2013 02:06 PM IST
Established in 1945, Tata Motors is India‘s largest automobile company with its presence in every nook and corner of the country. The company manufactures a vast range of automobile consisting of trucks, utility vehicles, buses and passenger cars.
- Oct 04, 2013 03:00 PM IST
The reduction in production in September was mainly on account of the company cutting output of utility vehicles, comprising Gypsy and Ertiga, which stood at 1,807 units as compared to 7,347 units a year earlier, down four-fold.
- Aug 01, 2013 05:08 PM IST
M&M's announcement to observe no production days at its automotive plants comes on the back of sluggish demand for utility vehicles and pickup trucks.
- Jul 11, 2013 09:38 AM IST
The India's largest utility vehicle maker said that it will observe 'no production days' at its automotive plants for 1-8 days in July. Its subsidiary Mahindra Vehicle Manufacturers will also see no output for 8 days.
- Jul 10, 2013 05:28 PM IST
The Fitch Group company expects passenger vehicle production in India to rise to 65-67 lakh units by FY16, up 33-37 percent over FY13.
- Jul 10, 2013 03:32 PM IST
India Ratings & Research (Ind-Ra) has revised its outlook for the automobile industry to stable to negative from stable. This is the first time in six years that the agency has revised its outlook for the sector.
- Jun 05, 2013 06:02 PM IST
The Verito Vibe will compete with the likes of Maruti Suzuki Swift, DZire and Honda Amaze. But apart from the Verito platform and the electric car E2O, the company has no plans to launch any other passenger car.
- May 30, 2013 03:16 PM IST
Mahindra & Mahindra beat street on Thursday as fourth quarter net profit rose 2 percent year-on-year to Rs 889 crore and net sales were up 12 percent to Rs 10,353 crore.
- May 30, 2013 12:04 PM IST
Mahindra & Mahindra will report its Q4 results later on Thursday. Analysts expect net profit at Rs 723 crore, on revenue of Rs 9,990 crore, according to a CNBC-TV18 poll.
- Apr 23, 2013 06:46 PM IST
Brokerage house Kotak Securities has trimmed its earnings estimates for Mahindra & Mahindra, while retaining its â€˜add‘ rating on the stock, saying upcoming utility vehicle launches could eat into its market share.
- Apr 01, 2013 02:32 PM IST
Utility vehicle maker Mahindra & Mahindra's total automobile sales in March rose 11 percent year-on-year to 51,904 units.
- Mar 22, 2013 11:33 AM IST
The 3 percent hike in excise duty hike on sports utility vehicles proposed in the Union Budget could hurt UV sales and lead to a possible shift in demand to other passenger vehicle segments, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Friday.
- Mar 12, 2013 11:25 AM IST
Its been a dismal year for India's automobile industry, but their woes are likely to continue well into next year, feels industry body Society of Indian Auto Manufacturers.
- Mar 11, 2013 04:51 PM IST
There seems to be no end to the speed bumps encountered by passenger car makers in India. Domestic car sales in Feb plunged 26 percent year-on-year, the most in 12 years, according to data released by Society Indian Automobile Manufacturers (SIAM). Total passenger vehicle sales (cars + utility vehicles) last month declined 17 percent.
- Mar 07, 2013 04:28 PM IST
The tool down strike at Mahindra & Mahindra's automotive plant at Nashik in Maharashtra, which began on Tuesday, has ended, the utility vehicle maker said on Thursday.
- Mar 02, 2013 02:41 PM IST
Tata Motors is set to slash prices of its Indica hatchback and Indigo sedan as its battles falling sales in the domestic market.
- Feb 08, 2013 02:38 PM IST
Utility vehicle maker Mahindra & Mahindra on Friday said standalone net profit for the third quarter rose 26 percent from a year ago to Rs 836 crore.
- Feb 08, 2013 10:33 AM IST
India's largest utility vehicle and tractor maker Mahindra & Mahindra will report its third quarter earnings later on Friday. While passenger vehicle sales have been sluggish over the last one year, the maker of Scorpio, Bolero and XUV500 will be boosted by a strong shift in demand to utility vehicles.
- Feb 07, 2013 05:45 PM IST
Utility vehicles have continued to accelerate, bucking the overall slowdown in the automobile industry this financial year, and that is expected to boost Mahindra & Mahindra's third quarter earnings. The maker of UVs like Scorpio, Bolero and XUV500 will report its results for the Oct-Dec quarter on Friday.
- Feb 01, 2013 02:08 PM IST
Mahindra & Mahindra's total automotive sales in January rose 11 percent year-on-year to 49,503 units, driven by utililty vehicle demand, while exports and medium & heavy truck sales slumped.