India’s single producer levy, prospects of falling financing costs, and higher farm income underpinned by monsoon rains should help carmakers accelerate the rate of growth in Asia’s third-biggest economy, said the head of the country’s biggest SUV manufacturer.
Tag: Mahindra & Mahindra Limited
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M&M to roll out e-rickshaws by year-end, buses to follow
The $17 billion Mahindra Group is ‘accelerating’ its focus on electric mobility with another Rs 600 crore investment in e-vehicles — taking its cumulative investment to Rs 1,200 crore — that will see the company rolling out an electric bus in a year’s time and e-rickshaws by this year end.
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Maruti Suzuki becomes India’s largest UV maker in May
In May, Maruti Suzuki has overtaken Mahindra & Mahindra (M&M) to become India’s largest utility vehicle (UV) maker. The manufacturer of Brezza and SCross vehicles has overcome the sustained dominance from the maker of Scorpio and Bolero for the second successive month, underscoring the shifting trends on the utility vehicle leader board.
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Why government and industry need to rethink the electric vehicle business model
You’re likely a fan of Formula 1 but how about Formula E? Launched in 2014, the cars may be slower but mercifully much quieter than the F1 hot rods. They are, after all, electric vehicles (EVs).
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Maruti Suzuki stock hits Rs 7,000
Maruti Suzuki has been achieving new feats each passing day. Earlier this month, it became the first automaker to hit a market capitalisation (m-cap) of Rs 2 lakh crore on a closing basis. Now, it is eying driving Tata Motors and Mahindra & Mahindra duo out of the m-cap race altogether.
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Mahindra pulls the plug on electric car sales in UK
Mahindra & Mahindra has stopped selling its electric car in the United Kingdom due to meagre sales and is winding up operations there, in a setback for the Indian automaker's global ambitions.
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Mahindra set for American debut with off-roader
The nearly $18 billion Group Mahindra is finalising its ambitious automotive foray into the US market starting from 2019 when an offroad product entirely developed by the company's Detroit R&D centre, will be launched in that market.
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Auto inc shrugs off note ban woes, speeds ahead in Feb
Passenger vehicle sales rose 9.5 per cent in February as buyers continued to regain confidence and shook off any lingering effects of demonetisation, buoyed by new launches, especially in the utility vehicle segment, such as Maruti Suzuki's Vitara Brezza.
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With the Indian buyer in mind, M&M gears up to make an electronic sports car like Tesla
Mahindra & Mahindra is studying the possibility of developing an electric sports car, à la Tesla, with the Indian buyer in mind.
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Auto industry shrugs off demonetisation impact
The finance minister said the impact of demonetisation will not spread into the next fiscal year. The cue may well have come from the car bazaar.