Autocar_Professional India Online News – Page 1304

M&M plans to double its electric three-wheeler sales in FY24, LMM biz may cross 1 lakh mark

Mahindra & Mahindra, the country’s largest electric three-wheeler maker is planning to more than double its sales this financial year, led by an accelerated transition to EV in the three wheeled transportation space. Already in the first six months of FY-24, the company has already exceeded sales of its last year annual sales of 35000… Continue reading M&M plans to double its electric three-wheeler sales in FY24, LMM biz may cross 1 lakh mark

Want to be in mode of rapid growth, open to inorganic opportunities – Anish Shah, MD Mahindra & Mahindra

Mahindra & Mahindra is open to inorganic opportunities in its automotive business, says Anish Shah – MD of the company but states that the “bar for acquisition is high” The maker of XUV 700 and Scorpio which has made remarkable comeback in volumes and market share over the last three years organically has seen its… Continue reading Want to be in mode of rapid growth, open to inorganic opportunities – Anish Shah, MD Mahindra & Mahindra

Want to be in mode of rapid growth, open to inorganic opportunities – Anish Shah, MD Mahindra & Mahindra

Festive October powers strong double-digit growth for PV, two- and three-wheeler wholesales

With India in the peak period of the 90-day festive period which began over two months ago, October 2023, as expected, has delivered the goods for vehicle manufacturers in terms of wholesale dispatches to dealers. As per the monthly numbers released by apex industry body SIAM, for three vehicle categories (passenger vehicles, two- and three-wheelers),… Continue reading Festive October powers strong double-digit growth for PV, two- and three-wheeler wholesales

Samvardhana Motherson’s EV orderbook is at $17 billion

Samvardhana Motherson International’s EV order book is at $ 17 billion. The company says its automotive business order book swelled to over US$ 77 billion (Rs 64,130 crore) by end-September 2023, from being pegged at US$ 69.1 billion (Rs 57,550 crore) by end-March 2023. Vivek Chaand Sehgal, Chairman, Motherson said, “The booked business of over $… Continue reading Samvardhana Motherson’s EV orderbook is at $17 billion

Challenge global players to invest locally and compete, says Anish Shah, MD, Mahindra & Mahindra

At a time when the government of India is reviewing its import duty to attract foreign EV makers like Tesla to enter the market, Anish Shah, MD of Mahindra & Mahindra has challenged global players to invest locally and compete. Speaking to the media post the Q2 FY24 earnings call, Shah said, “We would want… Continue reading Challenge global players to invest locally and compete, says Anish Shah, MD, Mahindra & Mahindra

Mahindra Logistics to double its revenue to Rs 10,000 crore by FY26

Mahindra Logistics, the logistics arm of Mahindra & Mahindra (M&M), which is one of its growth gems, is expected to double its revenue to Rs 10,000 crore by FY26, according to CEO Anish Shah. This is due to the rapid growth of the Indian logistics sector and the company’s own initiatives. “This is one business… Continue reading Mahindra Logistics to double its revenue to Rs 10,000 crore by FY26

Mahindra & Mahindra continues to garner 51,000 bookings per month, pending order book at 2.86 lakh units

Mahindra & Mahindra continues to sustain a strong demand momentum for its brand and is garnering an average of 51,000 units booking every month over the last few months. Speaking to media post Q2 FY-24 earnings call, Rajesh Jejurikar, ED and CEO of Auto and Farm business at Mahindra & Mahindra said that the company… Continue reading Mahindra & Mahindra continues to garner 51,000 bookings per month, pending order book at 2.86 lakh units