Mahindra unveils electric 4-wheeler mobility vision; launches new design center in the UK

Anand Mahindra, Chairperson of India’s leading automotive company Mahindra & Mahindra, announced the company’s electric 4-wheeler mobility vision at Oxfordshire near London as the company launched its new electric vehicle platform INGLO and showcased five upcoming electric SUVs under two EV brands – XUV and BE . The first electric SUV is expected to hit … Read more

Mahindra & Mahindra to unveil its first EV XUV400 in September this year

Mumbai-based automaker Mahindra & Mahindra (M&M) has said it will unveil its first EV later this year. In a regulatory filing late Thursday night, the company’s executive director (for its auto and farm division), Rajesh Jejurikar, said that M&M expects 20 per cent to 30 per cent of its SUVs to be electric by 2027. … Read more

Passenger vehicle sales puts a strong show in June

For the month of June, overall passenger vehicle sales came at 3,20,849 units, which marks a 25 per cent growth YoY. What’s interesting to note is that despite supply chain constraint, long-waiting periods, consumer demand continues to remain robust. In fact, looking at the month gone by, the industry saw some big blockbuster launches and … Read more

Agnipath row: PM says some decisions may look “unfair” now but builds nation in future

With protests continuing since Agnipath recruitment scheme was launched six days ago, Prime Minister Narendra Modi Monday said that several decisions may look “unfair at present” but help in “building the nation” in the long run. “Several decisions look unfair at present. In time, those decisions will help in building the nation, ”PM Modi remarked … Read more

Maruti’s segment shift shift could upend India’s auto market

New Delhi: More than a decade ago, when Tata Motors unveiled its plans to build and launch a ‘people’s car’, the Nano, an affordable small car in India, it was a turning point in the ‘India Story’. It was clear that India’s new economic power would draw on the country’s demographic dividend, a fast-growing consumer … Read more

Anand Mahindra lauds team after share price hits new high

Mahindra Group Chairman, Anand Mahindra, on Monday lauded team efforts after the share price of Mahindra & Mahindra recorded a fresh high. Mahindra & Mahindra stock price reached a fresh year high of ₹ 1,011.75 on the NSE and ₹ 1,011.45 on the BSE on Monday. Mahindra took to Twitter to congratulate the team. The … Read more

Mahindra & Mahindra Q4 net doubles to ₹ 2,608 crore

With the auto business recording its highest-ever quarterly revenues and volumes and helped further by an exceptional item, sports utility vehicle specialist Mahindra & Mahindra (M&M) more than doubled its consolidated net profit for the quarter ended March 2022 compared to the same quarter last year. The Mumbai-based maker of Scorpio and Thar recorded ₹ … Read more

Stocks to Watch: Infosys, HDFC Bank, Tata Steel, ICICI Life, HUL, RIL, M&M

The key benchmark indices are likely to start trading with a significant gap down as stock prices react to a slew of domestic and global developments over the long trading break. As of 07:20 AM, the SGX Nifty April futures quoted at 17,285 as against the spot Nifty close of 17,475 on last … Read more