Autocar_Professional India Online News – Page 1648

M&M on an ambitious globalisation drive, eyes 1.6x growth in farm business and 2.5x growth in auto business by FY26

Having grabbed revenue market share leadership in SUVs in the domestic market, Mahindra & Mahindra, the maker of Scorpio and XUV700, is now charting out an ambitious internationalisation plan. Speaking to media post the Q4 FY23 earnings, Rajesh Jejurikar, Executive Director, Mahindra & Mahindra, said the company plans to expand its global farm equipment business… Continue reading M&M on an ambitious globalisation drive, eyes 1.6x growth in farm business and 2.5x growth in auto business by FY26

M&M on an ambitious globalisation drive, eyes 1.6x growth in farm business and 2.5x growth in auto business by FY26

Renault KWID emerges as most popular used car in India

As per a Q1 2023 quarterly report released by the used car retailing platform Spinny, Renault KWID has emerged as one of the top-selling models in the used car market. Spinny’s report has revealed that the Renault KWID has garnered significant attention and demand from used car buyers nationwide, given the company’s performance, value, and… Continue reading Renault KWID emerges as most popular used car in India

Auto sector recovery to sustain across segments: Motilal Oswal Financial Services

According to Motilal Oswal Financial Services (MOFSL), the auto sector has underperformed over the last five years due to incessant headwinds that had a severe impact on volumes and margins. However, a revival in volumes and margins over the last few quarters has driven the sector’s outperformance. MOFSL expects the recovery to sustain across segments,… Continue reading Auto sector recovery to sustain across segments: Motilal Oswal Financial Services

Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh

Nissan Motor India introduced the Nissan Magnite GEZA Special Edition at a starting price of Rs 7,39,000 (ex-showroom, Delhi). The Magnite GEZA offers advanced infotainment system, advanced features and safety enhancements that will redefine journeys for the discerning Indian customer. The Magnite Geza Special Edition is inspired by Japanese theatre and its expressive musical themes. The Magnite GEZA… Continue reading Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh

M&M posts record profit of Rs 10,282 crore for FY23

Mahindra and Mahindra (M&M) has posted an all-time high annual consolidated net profit of Rs 10,282 crore, up 56%, on a year-on-year basis. This was driven by successful launches including the Scorpio-N SUV and XUV400 e-SUV in its automotive vertical; steady growth in the farm equipment segment; strong operating performance at financial services and value… Continue reading M&M posts record profit of Rs 10,282 crore for FY23

Tata Motors targets 1.5 lakh CNG unit sales in coming 12-18 months

Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading Tata Motors targets 1.5 lakh CNG unit sales in coming 12-18 months

CNG and EVs to account for majority of Tata Motors sales

Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading CNG and EVs to account for majority of Tata Motors sales