Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally
Trending News
6 days, 11 hours ago

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally

Live Mint  

Stock market today: Indian auto stocks experienced strong demand in today's trading session, as investors responded positively to the December sales data, particularly strong numbers from the PV segment, prompting brokerages to maintain a positive outlook on the sector. In terms of PV sales, Maruti Suzuki led in 2024 as the country's leading car manufacturer sold 178,248 car units in December, marking a 30% YoY improvement. Tata Motors reported total sales of 76,599 vehicles in December, a slight increase from 76,138 units in the same period last year, according to a Wednesday filing on the BSE. In contrast, Bajaj Auto reported flat numbers, with total sales at 323,125 units, a marginal decline of 1% compared to 326,806 units in December 2023. Besides this, Ashok Leyland reported a 5% increase in total sales to 16,957 units in December 2024 compared to 16,154 units a year ago.

Maruti Suzuki Auto Mahindra Domestic Sales Units Reported Bajaj Auto Bajaj Eicher Motors Total Sales Sales Eicher  leads  rally  auto  surge  total  robust  maruti  mahindra  reported  strong  units  motors  stocks  bajaj  suzuki  sales  eicher

History of this topic

Electric journey helps Tata Motors, Mahindra become first to win auto PLI
Trending News
6 days, 9 hours ago

Electric journey helps Tata Motors, Mahindra become first to win auto PLI

Live Mint  

Tata Motors Ltd and Mahindra and Mahindra Ltd on Thursday became India's first automakers to secure production incentives for the automotive sector, marking a key moment for the scheme that had a tepid start. The two companies have received approval for claims worth ₹246 crore under the Production-Linked Incentive Auto scheme, the heavy industries ministry said. Read this | Why …

Automakers see strong December sales growth, led by rural demand
6 days, 10 hours ago

Automakers see strong December sales growth, led by rural demand

Deccan Chronicle  

Passenger vehicle sales of top automakers such as Maruti Suzuki, Mahindra, and Toyota Kirloskar Motor registered strong double-digit growth last month, despite customers typically shying away from purchases as they wait for the new year. Maruti Suzuki saw a 24.18 percent year-on-year increase in sales, reaching 1.30 lakh units, as dispatches of hatchbacks and mini cars to dealers bounced back …

Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years
Trending News
6 days, 11 hours ago

Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years

ABP News  

Car sales growth slowed to approximately 5 per cent in 2024, marking the slowest expansion rate in four years and highlighting the challenges faced by companies in urban markets. Early estimates indicate that the industry concluded 2024 with sales of around 43 lakh units, up from 41.1 lakh units in 2023, with SUVs accounting for 54 per cent of the …

Maruti, Mahindra lead Indian carmakers’ December sales to dealers
1 week ago

Maruti, Mahindra lead Indian carmakers’ December sales to dealers

Live Mint  

By Meenakshi Maidas and Nandan Mandayam -Indian carmakers Mahindra & Mahindra and Tata Motors reported a rise in sales to domestic dealers in December on steady sport utility vehicle demand, while year-end discounts helped Maruti Suzuki record its first small-car sales growth in 20 months, company data showed. Market leader Maruti Suzuki's domestic sales rose 24% in December and Mahindra …

Automakers drive India’s blue-chips higher in first session of 2025
1 week ago

Automakers drive India’s blue-chips higher in first session of 2025

Live Mint  

By Bharath Rajeswaran Jan 1 - India's benchmark indexes rose on the first day of 2025, led by auto stocks that were boosted by a rise in monthly sales for top carmaker Maruti Suzuki and peer Mahindra & Mahindra. India's blue-chip indexes rose to record highs early in 2024 but slowing corporate earnings and an exodus of foreign funds curtailed …

Mahindra & Mahindra records 16% increase in December sales; PV sales up 22% and SUV up 18%
1 week ago

Mahindra & Mahindra records 16% increase in December sales; PV sales up 22% and SUV up 18%

Live Mint  

Mumbai, January 1 : Automotive company Mahindra & Mahindra witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing. In the utility vehicle segment, the company sold 41,424 vehicles in the domestic market, a growth of 18 per cent and overall, 42,958 vehicles, including exports. Mahindra's …

Sensex jumps over 600 points: 2 reasons why stock market is rising today
1 week ago

Sensex jumps over 600 points: 2 reasons why stock market is rising today

India Today  

Benchmark stock market indices erased the losses made in early trade and witnessed a rally in the afternoon session on the first trading day of 2025 as Sensex gained over 600 poinst whereas Nifty managed to jum over 200 points. The stock market rally was fuelled by a rise in auto, banking, media and FMCG sector stocks which helped both …

Mahindra closes in on Tata Motors as EV sales falter
3 weeks, 2 days 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 …

Passenger vehicle sales highest in Nov., up 4%, says SIAM
3 weeks, 5 days ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

Heavyweight clash between Hyundai, Tata, Mahindra for 2nd position on Indian turf
1 month ago

Heavyweight clash between Hyundai, Tata, Mahindra for 2nd position on Indian turf

India Today  

The battle for the second position in terms of volume in the Indian passenger vehicle market is heating up with domestic heavyweights like Tata Motors and Mahindra & Mahindra close on the heels of Hyundai Motor India. Hyundai vs Tata vs Mahindra: Volume Tata was 28,906 units behind Hyundai in FY23. Month Hyundai Tata Mahindra April 50,201 units 47,883 units …

This carmaker exported 3 times its domestic sales in November. Not Maruti, Hyundai, Tata
1 month ago

This carmaker exported 3 times its domestic sales in November. Not Maruti, Hyundai, Tata

India Today  

Nissan Motor India has announced that it recorded cumulative wholesales of 9,040 units in November, selling 2,342 units in the domestic market and exporting 6,698 units. "It's a matter of great pride for all of us at Nissan Motor India to see our brand crossing the 5,00,000 domestic sales milestone. This remarkable feat reflects the continued trust our customers have …

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs
1 month ago

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs

Live Mint  

Hyundai Motor India on December 5 said that it will hike prices of all its cars by up to ₹25,000 from January 2025, due to rising costs impacting profitability, according to a Reuters report. “At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. About Hyundai Motor India …

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline
1 month ago

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline

Deccan Chronicle  

India's passenger vehicle market witnessed varied performance across major automakers in November 2024.While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market.Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. However, the company's sales in October 2024 were higher at …

Stocks to watch today: Hyundai, Tata Motors, Cochin Shipyard, Eicher Motors
1 month ago

Stocks to watch today: Hyundai, Tata Motors, Cochin Shipyard, Eicher Motors

India Today  

Stock markets ended last week with nearly a 1% gain, in a volatile week marking the second consecutive week of advances despite mixed global cues. In today's trade, several stocks, including Eicher Motors, Tata Motors, Hyundai, and Cipla, are expected to be in focus due to recent developments. EICHER MOTORS Eicher Motors shares will likely see activity as the company …

Mahindra bets on premium electric SUVs to boost market share
1 month, 1 week 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 outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick
1 month, 3 weeks ago

M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick

Live Mint  

The Indian Passenger Vehicle industry experienced a subdued September quarter, with Original Equipment Manufacturers reporting varied performance in terms of volume growth and margin trajectories. In contrast, Maruti Suzuki India, Tata Motors, and Hyundai Motor India reported volume declines of 2–9% YoY during the same period. > Tata Motors India PV: EBIT margin declined by 10 bps QoQ and a …

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall
1 month, 3 weeks ago

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall

Live Mint  

New Delhi: Hyundai Motor India Ltd, the country’s second-largest automaker, posted a 16% decline in its second-quarter net profit following its public listing last month, hurt by weak domestic demand and the Red Sea crisis that subdued exports. Domestic sales In the September quarter, Hyundai Motor India saw domestic sales fall 5.7% to 1.49 lakh units, while exports slid 17% …

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

15 cars sold over 10,000 units in October. Ertiga, Creta, Punch, Scorpio drove demand
2 months ago

15 cars sold over 10,000 units in October. Ertiga, Creta, Punch, Scorpio drove demand

India Today  

October was a month of festivities, marked by Navaratri, Dhanteras and Diwali. During the month, at least 15 models garnered volumes of more than 10,000 units. Cars with wholesales of over 10,000 units in October In October, Maruti Suzuki India sold more than 10,000 units of nine models, while Hyundai Motor India, Tata Motors and Mahindra & Mahindra had two …

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%
2 months ago

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%

Live Mint  

Hyundai Motor India Share Price Today on 06-11-2024: At 06 Nov 16:00 today, Hyundai Motor India shares are trading at price ₹1853.4, 1.34% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights
2 months, 1 week 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 …

Stocks to Watch: Mankind Pharma, Suzlon Energy, Adani Enterprises, Godrej Properties, and more
3 months ago

Stocks to Watch: Mankind Pharma, Suzlon Energy, Adani Enterprises, Godrej Properties, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Maruti Suzuki India recorded total sales of 1.84 lakh units in September 2024, marking a 1.9 percent year-on-year increase. While total domestic sales declined by 1.15 percent to 1.57 lakh units, passenger vehicle sales dropped by 3.9 percent to 1.45 lakh units. Eicher Motors saw an …

Kia India Reports Impressive Sales Figures, Retails 22,520 Plus Units in August 2024
4 months, 1 week ago

Kia India Reports Impressive Sales Figures, Retails 22,520 Plus Units in August 2024

News 18  

The top car maker Kia has been receiving an overwhelming response from Indian customers, all thanks to tech-loading models. Recently, the company has recorded impressive sales figures, where it has managed to record On-Year growth of 17.19 percent. It has contributed massively to the overall sales, retailing over 10,073 units, followed by the updated Seltos with 6,536 units, while MPV …

Sales of SUVs continue to soar; small cars fall
5 months, 3 weeks ago

Sales of SUVs continue to soar; small cars fall

Live Mint  

Growth in passenger vehicle sales moderated to 3% year-on-year at 1.03 million units in the first quarter of fiscal year 2024, with a steep 17.5% drop in sales of small cars sold during the quarter compared to the same period a year ago. SUVs constituted 63% of all passenger vehicle sales to 646,000 units in the June quarter, the highest …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
5 months, 4 weeks ago

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Hindustan Times  

Shares of Mahindra and Mahindra fell 7.3 per cent to ₹2,711.75 on the BSE today. With this, the stock of the automobile company recorded its sharpest intraday fall in the past 28 months. In past eight months, the stock M&M has appreciated by 92 per cent and in the current calendar year 2024, it has rallied 70 per cent. Mahindra …

Hyundai Motor breaks sales records in India as IPO looms
6 months ago

Hyundai Motor breaks sales records in India as IPO looms

India TV News  

Hyundai Motor, South Korea's top automaker, achieved record-breaking sales in India during the first half of 2024, according to industry data released on Sunday. According to data from the Federation of Automobile Dealers Associations of India, Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the …

Car Sales Up 3.6 Per Cent Led by SUVs in June
6 months, 1 week ago

Car Sales Up 3.6 Per Cent Led by SUVs in June

Deccan Chronicle  

Pune: Passenger vehicle wholesales, the barometer of the economy, grew 3.6 per cent to 3.40 lakh units in June, primarily driven by new launches and robust demand for SUVs amidst heatwave across the country last month. The new Hyundai Creta has been a key driver for domestic H1 sales with 91,348 units sold, a growth of 11 per cent over …

Maruti Suzuki sales rise 12% to 1,79,228 units in June
6 months, 1 week ago

Maruti Suzuki sales rise 12% to 1,79,228 units in June

Hindustan Times  

Automaker Maruti Suzuki India on Monday reported a 12 per cent increase in total wholesales to 1,79,228 units in June. The company had dispatched 1,59,418 units to its dealers in the same month last year, Maruti Suzuki India said in a statement. The total domestic passenger vehicle sales were 1,37,160 units last month compared to 1,33,027 units in the year-ago …

Passenger vehicle exports rise by 2.68 lakh units in 4 years; 70 percent is Maruti Suzuki
6 months, 4 weeks ago

Passenger vehicle exports rise by 2.68 lakh units in 4 years; 70 percent is Maruti Suzuki

Hindustan Times  

Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years, with Maruti Suzuki India accounting for nearly 70% of the incremental shipments during the period, PTI reported. Maruti Suzuki contributed nearly half of overall car sales in India in 2023 As per the industry data, passenger vehicle exports in the financial year 2020-21 stood …

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

Car sales grew by four per cent in May to 3.50 lakh units
7 months, 1 week ago

Car sales grew by four per cent in May to 3.50 lakh units

New Indian Express  

MUMBAI: Passenger vehicle sales during the month of May were in the slow lane as buyers’ sentiments were impacted by general elections and extreme heat waves. Maruti Suzuki reported that its domestic PV sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period. Secondly, there were elections and the scorching temperatures also had an impact …

Heavy monsoon hopes drive up stock prices: Check these top performers
7 months, 3 weeks 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 …

Car Sales In April Rise Marginally To 3.38 Lakh Units
8 months, 1 week ago

Car Sales In April Rise Marginally To 3.38 Lakh Units

Deccan Chronicle  

After a record all-time high numbers in fiscal 2024, passenger vehicle wholesales during April grew marginally 1.76 per cent year-on-year at 3,38,341 units due to high base of last year and lukewarm retails during the electioneering season in the country. Tata Motors, the third-ranked passenger vehicle maker’s wholesales also grew 2 per cent at 47,983 units as against 47,107 units …

Carmakers post higher March sales, end fiscal 2024 at record levels
9 months 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
10 months 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 …

Tata Motors sales rise 8% to 86,406 units in February; PV sales up 19% YoY
10 months, 1 week ago

Tata Motors sales rise 8% to 86,406 units in February; PV sales up 19% YoY

Live Mint  

Tata Motors reported an 8.4% rise in its total wholesales to 86,406 units in February as compared with 79,705 units in the same month last year. The automobile major’s total domestic sales stood at 84,834 units last month as against 78,006 units last month, a growth of 9%. Tata Motors’ passenger vehicles sales, including electric vehicles, in the domestic market, …

Mahindra Q3 profit after tax up 34%
10 months, 3 weeks 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, 3 weeks 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. …

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary
11 months ago

Hyundai Motor IPO: Automaker Still Undecided On Listing Indian Subsidiary

ABP News  

Hyundai Motor Corporation announced on Wednesday that it has yet to reach a decision regarding the listing of its Indian subsidiary. According to the previous report, the Hyundai Motor India IPO was slated to be launched around Diwali, spanning between September and November this year. In a regulatory filing, Hyundai Motor stated, "As a global company, we constantly review various …

Auto makers start 2024 on high note, report growth in January sales
11 months, 1 week 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
11 months, 1 week 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 …

Hyundai India zooms past six lakh units sales milestone in 2023
1 year ago

Hyundai India zooms past six lakh units sales milestone in 2023

Live Mint  

Hyundai Motor India Ltd has revved into 2024, having achieved its highest-ever domestic sales in 2023, crossing the six-lakh milestone with 6,02,111 units sold. Commenting on this record-breaking achievement, Tarun Garg, COO, HMIL, said, “In the momentous year of 2023, Hyundai Motor India witnessed a watershed moment by achieving its highest-ever domestic sales of 6,02,111 units, achieving a respectable 9 …

M&M accelerates ‘Born EV’ plans, to expedite launches
1 year ago

M&M accelerates ‘Born EV’ plans, to expedite launches

Live Mint  

Homegrown automaker Mahindra & Mahindra is expediting its plans to launch its ground-up electric vehicles, with four brand-new electric sport utility vehicles expected to be launched by the first quarter of calendar year 2025, persons in the know told Mint on condition of anonymity. The company is looking to advance its EV launch plans as it is eager to kick-off …

November auto sales see spurt in sales
1 year, 1 month ago

November auto sales see spurt in sales

Deccan Chronicle  

Pune: Sales of passenger vehicles continued on an impressive run in November with major automakers posting a rise in sales except Tata Motors, which clocked a marginal drop in sales. Sales of passenger vehicles at Maruti Suzuki, India’s biggest carmaker grew 1.33 per cent at 1,34,158 units last month compared to 1,32,395 units in November 2022. “Seven out of top …

We challenge OEMs to invest in India, compete with us: M&M's Anish Shah
1 year, 1 month ago

We challenge OEMs to invest in India, compete with us: M&M's Anish Shah

Live Mint  

New Delhi: As talks of an imminent import duty cut on electric vehicles intensifies, Mahindra Group managing director and chief executive Anish Shah on Friday told Mint that it would like to “throw open a challenge" to global carmakers to “invest in India and compete with us", responding to a query on how such a decision would impact domestic original …

Hyundai Motor India On Path To Achieve 60% Of Total Sales Target For The Year, Led By SUVs: COO Tarun Garg
1 year, 2 months ago

Hyundai Motor India On Path To Achieve 60% Of Total Sales Target For The Year, Led By SUVs: COO Tarun Garg

ABP News  

Hyundai Motor India Ltd is set to achieve 60 per cent of it’s total domestic sales from SUVs this year, company COO Tarun Garg said. In a conversation with PTI, Garg said, “We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year.We are …

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 2 months 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 …

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September
1 year, 3 months ago

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September

India Today  

The SUV battle is getting interesting in India every month. In July, the SUV volumes of Maruti came in at 42,620 units against 36,205 units of Mahindra. In August, Maruti sold 41,658 units in comparison to 37,270 units by Mahindra. Mahindra, with 41,267 units, beat Maruti, which clocked 40,843 units, in September. Maruti vs Mahindra: SUV sales OEM September August …

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 5 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 …

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