Category: Automotive

A Tesla owner used his Model X to prove he could ‘de-ICE’ any trucks that block Superchargers (TSLA)

De-ICE-ing is happening at more places than just airports. Last week, Business Insider reported on a spate of truck drivers parking in Tesla Supercharger spots and, in at least one case, harassing a Tesla owner. Other electric-vehicle drivers have come to call these incidents “ICE-ing,” an acronym for internal combustion engine. That spurred an idea… Continue reading A Tesla owner used his Model X to prove he could ‘de-ICE’ any trucks that block Superchargers (TSLA)

Pentagon completes acquisition of three TrustFord dealerships

Pentagon Motor Group has completed the acquisition of TrustFord dealerships in Warrington, St Helens and Runcorn to join the Ford franchise for the first time. The newly-acquired sites – including the flagship Warrington Ford Store – have now been rebranded as Pentagon Ford and became fully-operational under their new ownership this week. Pentagon’s operations that… Continue reading Pentagon completes acquisition of three TrustFord dealerships

Mahindra’s Auto Sector sells 39,755 vehicles during December 2018

Mahindra's Auto Sector sells 39,755 vehicles during December 2018

Witnesses a growth of 13% during the first nine months of FY19

Mumbai, January 1, 2019: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for December 2018 which stood at 39,755 vehicles, compared to 39,200 vehicles during December 2017.

The company's domestic sales touched 36,690 vehicles during December 2018, as against 36,979 vehicles in December 2017. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 15,091 vehicles in December 2018, as against 15,543 vehicles in December 2017.

In the Commercial Vehicles segment, the company sold 16,906 vehicles in December 2018, as against 17,542 vehicles in December 2017. In the Medium and Heavy Commercial Vehicles segment, M&M sold 824 vehicles for the month. Exports for December 2018 stood at 3,065 vehicles, a growth of 38%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have ended the first nine months of the year on a positive growth of 13%, and are particularly buoyed by our ongoing strong performance in Exports. However in domestic market, challenges relating to tight liquidity and low buying sentiment continue the de-growth for December. We hope to see good performance in Q4, owing to the anticipated rural demand because of the harvesting season and the launch of our new XUV300 in February 2019”.

Sales Summary December 2018

Category
December
YTD December

F19
F18
% Change
F19
F18
% Change

Passenger Vehicles
15091
15543
-3%
177074
176875
0%

Utility Vehicles
13891
14514
-4%
162949
166110
-2%

Cars* + Vans
1200
1029
17%
14125
10765
31%

Commercial Vehicles
16906
17542
-4%
180399
149359
21%

LCV 3.5T
545
600
-9%
5814
5142
13%

MHCV
824
1193
-31%
8386
6230
35%

3W
4693
3894
21%
48101
38141
26%

Total Domestic Sales
36690
36979
-1%
405574
364375
11%

Total Exports
3065
2221
38%
28343
19512
45%

Total Sales (Domestic + Export)
39755
39200
1%
433917
383887
13%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information

Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Landline – + 91 22 28468510
Email – nair.mohan@mahindra.com

Hendy Group continues to grow with Seward Group acquisition

Hendy Group has followed up expansion in its South coast home territory with the acquisition of Hampshire-based Seward Group. Chief executive Paul Hendy said the purchase of the group, which has two dealership locations in Portsmouth and Havant, was a strategic move for the company and consolidates Hendy’s strong position in the area. Seward Group… Continue reading Hendy Group continues to grow with Seward Group acquisition

Yesaway Opens 2 New Thailand Locations

Yesaway Car Rental is hoping to bring more tourism to the region, and customers can expect an array of vehicle options. Photo via Depositphotos.  As part of Yeasaway’s expansion strategy, the car rental company has opened new rental locations in Thailand’s Pattaya and Krabi, just by the airport.  Yesaway Car Rental is hoping to bring more tourism… Continue reading Yesaway Opens 2 New Thailand Locations

Samsung to supply 8-nanometre V9 chips for Audi cars

(Image: Samsung) Samsung Electronics will supply its latest 8-nanometre processors for Audi’s next-generation in-vehicle infotainment system. The South Korean tech giant’s Exynos Auto V9 packs eight ARM Cortex-A76 cores — which has a max speed of 2.1 GHz — and will be used to power the German automobile manufacturer’s new infotainment system that is set… Continue reading Samsung to supply 8-nanometre V9 chips for Audi cars