Mahindra & Mahindra today posted strong growth of 61% on year in its standalone net profit for the December quarter despite a contraction in its operating profit margin. The profit jumped on a low base in the year-ago quarter as the company had recorded a one-time impairment charge during that period. Margin, however, contracted amid… Continue reading M&M’s net profit jumps on low base; Weak tractor sales weigh on operating performance
Category: US Motoring Press
Mahindra continues to have ‘problem’ of plenty: 226,000 bookings
Mahindra & Mahindra, which has reported a strong Q3 FY2024 performance, continues to have a ‘problem’ of plenty. The company has revealed that, as of February 1, 2024, it has around 226,000 open bookings for its SUVs comprising the flagship XUV700, Scorpio N and Scorpio Classic, Thar, Bolero and Bolero Neo, XUV300 and the all-electric… Continue reading Mahindra continues to have ‘problem’ of plenty: 226,000 bookings
M&M expects to grow its SUV business in mid to high teens in FY2025
Mahindra & Mahindra – the country’s number one SUV maker in terms of revenues – expects to outpace the market for a third consecutive year in a row and grow its volumes in mid-to high teens in FY2025. Reviewing the Q3 FY2024 earnings, Rajesh Jejurikar, ED & CEO at Mahindra & Mahindra said the company… Continue reading M&M expects to grow its SUV business in mid to high teens in FY2025
My Week In Cars: New Steve Cropley/Matt Prior podcast (ep. 75)
Episode 75 of the Autocar podcast My Week In Cars finds our resident car hacks Steve Cropley and Matt Prior talking the trouble with parking apps, contemplating a new career driving hovercraft, getting back into a familiar lovely car, driving the Catesby Tunnel aerodynamic testing site and much more besides, including your correspondence. Make sure… Continue reading My Week In Cars: New Steve Cropley/Matt Prior podcast (ep. 75)
StoreDot prototype cells achieve 100 miles in 4 minutes with extreme fast-charging tech
StoreDot, the pioneering Israeli company in extreme fast charging (XFC) battery technology for electric vehicles, has revealed progress made on the development of its next-phase technology roadmap. This builds on its previously announced introduction of production-readiness cells capable of 100 miles / 160 kilometres in 5 minutes this year, and 100 miles in 3 minutes… Continue reading StoreDot prototype cells achieve 100 miles in 4 minutes with extreme fast-charging tech
StoreDot prototype cells achieve 100 miles in 4 minutes with extreme fast-charging tech
StoreDot, the pioneering Israeli company in extreme fast charging (XFC) battery technology for electric vehicles, has revealed progress made on the development of its next-phase technology roadmap. This builds on its previously announced introduction of production-readiness cells capable of 100 miles / 160 kilometres in 5 minutes this year, and 100 miles in 3 minutes… Continue reading StoreDot prototype cells achieve 100 miles in 4 minutes with extreme fast-charging tech
Zapp EV gets $10 million funding, plans rollout of i300 urban scooter in Europe and Asia
The UK-based Zapp Electric Vehicles has announced that it has entered into a standby equity purchase agreement of up to $10 million with an affiliate of Yorkville Advisors Global. Zapp EV will use proceeds from the transaction primarily to start the production and commercial rollout of the i300, the brand’s high-performance electric urban motorcycle. Zapp… Continue reading Zapp EV gets $10 million funding, plans rollout of i300 urban scooter in Europe and Asia
Zapp EV gets $10 million funding, plans rollout of i300 urban scooter in Europe and Asia
The UK-based Zapp Electric Vehicles has announced that it has entered into a standby equity purchase agreement of up to $10 million with an affiliate of Yorkville Advisors Global. Zapp EV will use proceeds from the transaction primarily to start the production and commercial rollout of the i300, the brand’s high-performance electric urban motorcycle. Zapp… Continue reading Zapp EV gets $10 million funding, plans rollout of i300 urban scooter in Europe and Asia
Mahindra XUV300 turns five on Valentine’s Day ’24, sells over 240,000 units since launch
The Mahindra XUV300 is five years old today – February 14, 2024. Launched on Valentine’s Day in 2019 in the Indian market, Mahindra & Mahindra’s compact SUV has sold over 240,000 units till end-January 2024 since launch and continues to play a key role in the company’s strong growth in the ultra-competitive SUV marketplace. As… Continue reading Mahindra XUV300 turns five on Valentine’s Day ’24, sells over 240,000 units since launch
Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Dec. 15, 2023. Antonio Masiello | Getty Images Two weeks after a Delaware court ruled that Tesla must rescind Elon Musk’s $56 billion pay package, the company’s board remains mum on what the… Continue reading Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package