Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 4 months ago

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%

India Today  

Homegrown auto major Mahindra & Mahindra today reported a growth of 98% year-on-year in standalone net profit at Rs 2,774 crore for the quarter ended June 2023 owing to handsome volumes in both auto and farm sectors. Category Q1 FY24 Q1 FY23 Growth Revenue from operations Rs 24,368 cr Rs 19,813 cr 23% Ebitda Rs 3,547 cr Rs 2,422 cr 46% Ebitda margin 14.56% 12.22% 234 bps Profit after tax Rs 2,774 cr Rs 1,404 cr 98% Source - BSE/Company In the auto segment, the combined volumes, including those of passenger vehicles, commercial vehicles, three-wheelers and exports, increased 21% at 1,86,138 units in Q1 FY24 from 1,53,462 units in Q1 FY23. While the company has been at the second position in the SUV segment in volume terms for four consecutive quarters now, it has been leading the revenue market share for six straight quarters. Farm continues to increase market share quarter on quarter and deliver double-digit profit improvements," said Anish Shah, Managing Director and CEO, Mahindra.

Market Auto Mahindra Share Quarter Q1 Fy24 Cr Rs  share  auto  net  market  farm  results  profit  rs  units  23  cr  revenue  quarter  q1  jumps  98  yoy  rises  mahindra

History of this topic

Mahindra closes in on Tata Motors as EV sales falter
1 week, 1 day ago

Mahindra closes in on Tata Motors as EV sales falter

Live Mint  

Mahindra & Mahindra has surpassed Tata Motors as India’s third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company. Tata Motors’ market share, driven by the Nexon EV, peaked at just over 14% in March but its performance …

Mahindra bets on premium electric SUVs to boost market share
3 weeks, 4 days ago

Mahindra bets on premium electric SUVs to boost market share

Deccan Chronicle  

With its smaller SUV, Mahindra will enter India's fast-growing compact SUV market, which grew nearly 20% in the first six months of the current fiscal year and is dominated by Hyundai's Creta SUV and Toyota's Urban Cruiser Hyryder SUV. Mumbai-based Mahindra, second largest SUV maker in volumes, introduced the smaller sporty BE 6e and luxurious XEV 9e electric SUVs priced …

M&M raises tractor growth forecast, maintains SUV sales optimism
1 month, 2 weeks ago

M&M raises tractor growth forecast, maintains SUV sales optimism

Live Mint  

New Delhi: Homegrown automaker Mahindra and Mahindra Ltd has raised its forecast for tractor sales for the industry, anticipating strong growth fuelled by rising rural demand as government spending in the rural and agricultural regions goes up. The company now expects tractor industry sales to grow by 13-14% in the second half of the year, adjusting its full-year projection to …

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore
Trending News
1 month, 2 weeks ago

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore

Deccan Chronicle  

Pune: Mahindra & Mahindra, the SUV specialist, on Thursday said it is confident of doing better than the industry growth rate, and emphasized its earlier sales growth target of mid to high teens during the media interaction with journalists after the September quarter results on November 7. "Our SUV sales volumes increased by 18 per cent YoY, maintaining leadership in …

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
1 month, 2 weeks ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY
1 month, 2 weeks ago

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY

Live Mint  

Mahindra & Mahindra Ltd on Thursday, November 7 reported a 35% year-on-year jump in its consolidated net profit to ₹3,171 crore for the second quarter of FY25. Meanwhile, the auto major's consolidated revenue from operations grew 10% YoY to ₹37,689 crore in Q2 FY24 from ₹34,281 crore in Q2 FY24. Automobile Segment Mahindra’s Auto segment revenue in Q2 FY25 grew …

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights
1 month, 3 weeks ago

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights

ABP News  

Indian car buyers are showing a strong preference for SUVs, with Mahindra recording its highest ever sales thanks to the booming SUV segment. The 10-25 lakh segment has seen a significant surge in sales, with the Roxx SUV being a major driver of this growth. The brand has also launched the Thar Roxx, which has a waiting period that stretches …

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore
4 months, 3 weeks ago

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore

New Indian Express  

MUMBAI: The homegrown automaker Mahindra and Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins. The company said its market share from a revenue angle in the SUV segment rose at 21.6 percent, up 130 bps, and in tractors it retained …

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr
4 months, 4 weeks ago

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr

New Indian Express  

BENGALURU: Tech Mahindra on Thursday reported a 23% increase in its consolidated net profit at Rs 851.5 crore for the June quarter as against Rs 692.5 crore in the year-ago period. The company’s revenue from operations in the quarter stood at Rs 13,005 crore, down 1.2% YoY, compared to Rs 13,159 crore in the same quarter last year. Mohit Joshi, …

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights
5 months, 1 week ago

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, on Tuesday reported a net profit of Rs1,988 crore in the first quarter of FY25, upon a revenue of ₹11,928 crore. Here are key highlights from Bajaj Auto Q1 Results: Net Profit Bajaj Auto Q1 net profit rose 19.4% to Rs1,988 crore from ₹1,665 crore in the year-ago quarter. Revenue Bajaj Auto's revenue …

Q1 results today: Bajaj Auto, L&T Finance, Network18 among 25 companies to announce earnings on July 16
5 months, 1 week ago

Q1 results today: Bajaj Auto, L&T Finance, Network18 among 25 companies to announce earnings on July 16

Live Mint  

The earnings season has begun for Q1 FY25 and many companies including TCS, SpiceJet, Jio Financial Services have already announced their quarterly results. Q1 results today On July 16, these companies are scheduled to announce their quarterly results: Alok Industries, Agro Tech Foods, Atishay, Bajaj Auto, Aditya Birla Money, BMW Industries, Century Textiles and Industries, Crisil, Capital Trade Links, D …

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara
6 months, 3 weeks ago

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara

Live Mint  

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd, a subsidiary of Adani Ports and Special Economic Zone Ltd, has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. Maruti Suzuki India: The company's total sales dipped by 2% to 1.74 …

Heavy monsoon hopes drive up stock prices: Check these top performers
7 months ago

Heavy monsoon hopes drive up stock prices: Check these top performers

Hindustan Times  

Stocks reliant on rural revenues are rebounding on expectations of a bountiful monsoon season, potentially boosting agricultural output and rural spending. • The Nifty FMCG Index has seen a 1.5 per cent increase in May, outperforming the NSE Nifty 50 Index by over two percentage points, a significant reversal from previous months. • Hero MotoCorp Ltd. has observed a significant …

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why
7 months, 3 weeks ago

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why

Hindustan Times  

Mahindra & Mahindra share price: The share price of Mahindra and Mahindra touched a 52-week high today after the carmaker unveiled its compact sports utility vehicle XUV 3XO. Mahindra & Mahindra share price: Mahindra's XUV 3XO bookings will open online and simultaneously at Mahindra dealerships from May 15. Mahindra & Mahindra XUV 3XO launched Mahindra unveiled the XUV 3XO which …

Carmakers post higher March sales, end fiscal 2024 at record levels
8 months, 3 weeks ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

February PV sales jump 11% to 3.73 lakh units
9 months, 3 weeks ago

February PV sales jump 11% to 3.73 lakh units

New Indian Express  

NEW DELHI: In another bumper month for domestic automobile industry, domestic passenger vehicle sales stood at more than 3.73 lakh units in February 2024, up 11.3% year-on-year. During the first 11 months of FY24, PV sales surged to 38.59 lakh units, a growth of 8.6% YoY. Maruti reported a 9% growth in February 2024 domestic PV sales at 1,60,271 units …

M&M shares jump over 5% to record high on supply deal with Volkswagen
10 months, 1 week ago

M&M shares jump over 5% to record high on supply deal with Volkswagen

Live Mint  

Mahindra & Mahindra share price rallied over 5% to a 52-week high after the company signed a supply agreement for Volkswagen components to be used in its electric vehicles. The agreement between Volkswagen Group and M&M is for the supply of components of Volkswagen’s MEB for Mahindra’s purpose-built electric platform INGLO. Mahindra plans to launch five all-electric SUVs in India …

Mahindra has order backlog of 2.26 lakh SUVs
10 months, 1 week ago

Mahindra has order backlog of 2.26 lakh SUVs

New Indian Express  

NEW DELHI: Homegrown auto major Mahindra & Mahindra has a pending order book of 2.26 lakh sports utility vehicles as demand for its blockbuster products: Scorpio N, XUV 700 and Thar remains at an elevated level. M&M, while announcing its third quarter result, said that the order book for its SUV has now come down to 2.26 lakh open orders …

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales
10 months, 1 week ago

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales

ABP News  

Automaker Mahindra & Mahindra clocked a 34 per cent jump in its consolidated profit on a year-on-year basis in its third quarter earnings on Wednesday. The vehicle sales of the firm grew 20 per cent to 2,11,443 units sold in the October-December quarter in the current fiscal year, against 1,76,094 units sold in the corresponding quarter a year earlier. At …

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL
10 months, 1 week ago

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL

Live Mint  

Adani Group: US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody's upgraded the ratings of four Adani firms to stable — Adani Green Energy Ltd, Adani …

Mahindra Q3 profit after tax up 34%
10 months, 1 week ago

Mahindra Q3 profit after tax up 34%

New Indian Express  

MUMBAI: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals. The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year. Revenue increased …

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
10 months, 1 week ago

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent

India TV News  

Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. …

Tata Motors Q3 Consolidated Net Profit Jumps to Rs 7025 Crore
10 months, 3 weeks ago

Tata Motors Q3 Consolidated Net Profit Jumps to Rs 7025 Crore

Deccan Chronicle  

PUNE: Tata Motors, India’s biggest automaker by revenues, on Friday posted more than two-fold jump in its consolidated net profit at Rs 7,025 crore for the October-December quarter from Rs 2,958 crore year ago, helped by robust demand for passenger and commercial vehicles in India, sustained growth in Jaguar Land Rover models, easing raw material costs, price hikes and a …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts
10 months, 3 weeks ago

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts

Live Mint  

India's largest carmaker Maruti Suzuki is all set to announce its financial results for the third quarter ended December 31, 2023, on January 31. Analysts from various brokerages anticipate that the company is likely to experience a decline in margins on a sequential basis due to an unfavourable product mix and increased discounts offered during the December quarter. “We expect …

TVS Motor’s Q3 | Improved sales lift net profit to ₹593 crore
10 months, 4 weeks ago

TVS Motor’s Q3 | Improved sales lift net profit to ₹593 crore

The Hindu  

TVS Motor Company’s standalone net profit for the December quarter rose 68% from the year-earlier period to ₹593 crore on improved sales. Revenue from operations grew by 26% to ₹8,245 crore, while costs of raw material increased to ₹5,696 crore from ₹4,882 crore, the automobile firm said in a regulatory filing. There was a marginal increase in two-wheeler exports to …

TVS Motor Q3FY24 Results: Net profit jumps 68% YoY to ₹593 crore
10 months, 4 weeks ago

TVS Motor Q3FY24 Results: Net profit jumps 68% YoY to ₹593 crore

Live Mint  

TVS Motor, one of the country's leading two-wheeler makers released its Q3FY24 results today, posting a 68% jump in its standalone net profit at ₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year. The outperformance in net profit exceeded the expectations of domestic brokerage firm Motilal Oswal, which had anticipated a net …

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high
11 months, 1 week ago

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high

Live Mint  

Marking a significant milestone, TVS Motor, one of the country's leading two-wheeler makers, surpassed the ₹one lakh crore market capitalisation in today's trade as its shares hit a new peak of ₹2,108.95 apiece. The monthly sales figures for December 2023 reached an impressive 301,898 units, marking a 25% growth compared to the 242,012 units recorded in December 2022. The overall …

Force Motors shares hit 5% upper circuit as net profit grows 395% in Q2
1 year, 1 month ago

Force Motors shares hit 5% upper circuit as net profit grows 395% in Q2

Live Mint  

Force Motors, the Abhay Firodia group's flagship company, saw its shares hit the 5% upper circuit limit of ₹4,053.25 apiece during early trade deals on Friday. For the July-September quarter of FY24, the company reported a net profit of ₹94 crore, which displays a strong improvement from a net profit of ₹19 crore reported in the same period of last …

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 1 month ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period …

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%
1 year, 2 months ago

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%

Live Mint  

Mahindra Logistics on 23 October announced their quarterly results for September of FY 2023-24 and said that the firm attained a loss of ₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period …

Bajaj Auto posts 5% rise in Q2 revenue at ₹10,777.27 crore
1 year, 2 months ago

Bajaj Auto posts 5% rise in Q2 revenue at ₹10,777.27 crore

Live Mint  

Bajaj Auto on Wednesday reported a 5.6% rise in second-quarter revenue as price hikes offset weak demand for its motorcycles. Key takeaways from Q2 results Revenue from Operations registers a new high of <10,777 crores Underpinned by double digit volume growth, with the sustained buoyancy on the domestic front cushioning the weak, albeit improving exports performance. At Rs2, 133 crores, …

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY
1 year, 2 months ago

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, will announce its financial results for the second quarter of FY24 on Wednesday, 18 October 2023. For Bajaj Auto, net profit in Q2FY24 is expected to rise 13.6% to ₹1,738 crore from ₹1,530 crore in the same quarter last year, as per average estimates of analysts. Analysts expect earnings before interest, tax, depreciation …

Entry-level vehicles’ share in PV sales hits record low
1 year, 2 months ago

Entry-level vehicles’ share in PV sales hits record low

Live Mint  

New Delhi: The small car segment, which includes micro and mini cars, saw a record decrease in its share of passenger vehicle sales during the second quarter, pointing towards a notable shift in consumer preferences. The continuous downslide in these large automotive segments which represent a vast majority of the Indian consumer seeking upward social mobility shows that the pick-up …

Mahindra EV arm's valuation rises by 15% as Temasek becomes new investor
1 year, 4 months ago

Mahindra EV arm's valuation rises by 15% as Temasek becomes new investor

India Today  

Homegrown auto major Mahindra & Mahindra today announced that it has signed a binding agreement with Temasek under which the Singapore-based global investment firm will pump in Rs 1,200 crore in Mahindra Electric Automobile Ltd, the XUV700-maker's passenger electric vehicle subsidiary, raising its valuation by 15%. However, with the fresh investment from Temasek, MEAL's valuation has increased by 15% to …

Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%
1 year, 4 months ago

Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%

Live Mint  

Tech Mahindra Q1 Results: Tech Mahindra announced its April-June quarter results for fiscal 2023-24 on July 26, reporting a decline of 38 per cent in consolidated net profit at ₹692.5 crore, compared to ₹1,131 crore in the year-ago period. The IT major's consolidated revenue from operations during the first quarter of current fiscal stood at ₹13,159 crore, reporting a rise …

TVS Motor Q1 Results: Net profit jumps 42.2% on year to ₹ 434.30 crore
1 year, 4 months ago

TVS Motor Q1 Results: Net profit jumps 42.2% on year to ₹ 434.30 crore

Live Mint  

TVS Motor Company Ltd on Monday reported an 42.2% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹434.30 crore. The company's consolidated total revenue from operations rose 23.8% on year to ₹9,055.51 crores during the quarter ended June from ₹7,315.70 crore in Q1FY23. On the standalone front, for the quarter ended June, the …

TVS Motor Q1 results: Profit grows 46%, company posts highest-ever Ebitda
1 year, 5 months ago

TVS Motor Q1 results: Profit grows 46%, company posts highest-ever Ebitda

India Today  

TVS Motor Company today reported a rise of 46% year-on-year in its standalone net profit at Rs 468 crore for the quarter ended June 2023 owing to an increase in volume and substantial growth in realisation. While the revenue from operations climbed 20% y-o-y at Rs 7,218 crore, the company's overall volume grew 5% y-o-y at 953,000 units during the …

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April
1 year, 7 months ago

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April

India Today  

Commencing FY24 on a rather robust note, Mahindra & Mahindra has posted a handsome growth of 56.50% year-on-year in its sport utility vehicle volumes at 34,694 units in April. While the CV volumes of the company jumped 16.26% y-o-y at 20,231 units, the wholesale despatches of three-wheelers climbed 84.51% y-o-y at 5,552 units. Category April FY24 April FY23 Growth SUVs …

Mahindra Group stock declares ₹92 per share dividend, 60% profit growth in Q4
1 year, 7 months ago

Mahindra Group stock declares ₹92 per share dividend, 60% profit growth in Q4

Live Mint  

Swaraj Engines is a small cap Mahindra group company recorded a market cap of ₹2,112.84 Cr during today's closing. “The Board, while approving the annual accounts, has recommended an equity dividend of 920% for the financial year ended 31st March, 2023,” said Swaraj Engines in a stock exchange filing. Owing to the capacity enhancement, Swaraj Engines said in a stock …

Maruti Suzuki Q4: Profit jumps 42%, revenue up 20% YoY
1 year, 7 months ago

Maruti Suzuki Q4: Profit jumps 42%, revenue up 20% YoY

Live Mint  

India's largest carmaker Maruti Suzuki India posted a consolidated net profit of ₹2,670.8 crore for the January-March quarter of the financial year 2022-23, up 42.4 per cent year-on-year against the profit of ₹1,875.8 crore in the corresponding quarter of the previous financial year. Total revenue from operations for the quarter under review stood at ₹32,059.6 crore, up 19.85 per cent …

Bajaj Auto Reports Marginal Rise in Q4 Profit
1 year, 7 months ago

Bajaj Auto Reports Marginal Rise in Q4 Profit

News 18  

Bajaj Auto Ltd on Tuesday reported a marginal rise in standalone Profit After Tax at Rs 1,468.95 crore for the three months to March 2023. At the same time, EBITDA maintained its strong run, growing 26 per cent year-on-year to Rs 1,718 crore, with margin accretion of 220 basis points to 19.3 per cent, Bajaj Auto said. While exports progressively …

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales
1 year, 7 months ago

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales

Live Mint  

Two-wheelers and commercial vehicles maker, Bajaj Auto despite witnessing a single-digit drop in PAT due to lower sales, beats Street's estimates for the quarter ending March 31, 2023. From December 2022 quarter where PAT stood much higher at ₹1,491 crore, Bajaj Auto's net profit dipped by nearly 4% in Q4FY23. In its financial report, Bajaj Auto said, domestic motorcycle sales …

Tata Motors retains dominance in SUV segment with popular models - Nexon, Punch, Harrier and Safari
1 year, 8 months ago

Tata Motors retains dominance in SUV segment with popular models - Nexon, Punch, Harrier and Safari

India TV News  

Tata Motors, country's major domestic automaker, has maintained its dominance in the rapidly expanding sports utility vehicle market due to the rising demand for its best-selling Punch and Nexon models from the previous fiscal year. The industry estimates state that Mahindra & Mahindra came in second with sales of 354,712 units, while Tata Motors had a 58% increase in SUV …

One-off Mahindra XUV400 EV Sold for Whopping Rs 1.75 Crore For Charity, Here's Why
1 year, 10 months ago

One-off Mahindra XUV400 EV Sold for Whopping Rs 1.75 Crore For Charity, Here's Why

News 18  

Mahindra’s ultra-exclusive edition of the XUV400 e-SUV caused quite a stir when it recently fetched a whopping Rs 1.75 crore at an auction. The automaker had announced the creation of a very special, one-of-a-kind edition of the XUV400 electric SUV, for charity auction last year. The all-electric XUV400 is available in five different colour options – Infinity Blue, Napoli Black, …

Mahindra net profit jumps 14% to Rs 1,528 crore
1 year, 10 months ago

Mahindra net profit jumps 14% to Rs 1,528 crore

Deccan Chronicle  

Pune: Mahindra and Mahindra, the SUV specialist and tractor maker, on Friday reported a 13.5 per cent jump in its standalone net profit at Rs 1,528 crore during the December quarter, up from Rs 1,335 crore in the same quarter of the previous fiscal. The Mumbai-based automaker’s revenue from operations was up 41 per cent at Rs 21,654 crore from …

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales
1 year, 10 months ago

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales

ABP News  

Mahindra & Mahindra on Friday logged a 14 per cent rise in its profit after tax to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. M&M revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. Tractor sales rose 14 per cent …

Tata Motors posts first profit in two years on demand surge; revenue up 23%
1 year, 10 months ago

Tata Motors posts first profit in two years on demand surge; revenue up 23%

Live Mint  

Automotive manufacturer Tata Motors on Wednesday posted its first quarterly profit in two years on rising demand for passenger cars as well as medium and heavy commercial vehicles. The Mumbai-headquartered company reported a consolidated net profit of ₹2,957.71 crore for the third quarter ending December. The auto major's consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization …

Why tractors are winning in rural India
2 years ago

Why tractors are winning in rural India

Live Mint  

What are the chances that someone reluctant to replace a 20-year-old television, a device which only responds to vigorous spanking, will spend a minor fortune to own a new asset? A profit centre Besides higher crop prices and robust government purchases at support prices, several other factors contributed to the post-pandemic growth in tractor sales, said Pushan Sharma, director at …

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