IFC to invest ₹600 cr in Mahindra’s mobility biz; share rises 2%
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
mahindra mahindra
March 2023
February 2023
January 2023
December 2022
The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Feb auto sales: Maruti sales up 9.1%; Hyundai, Tata, M&M, Toyota, Kia record positive numbers
The domestic auto companies recorded a surge in PV sales in February, thanks to steady demand and improving supply-chain issues.
M&M Q3 profit rises 14% to ₹1,528 cr; revenue jumps 41%
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
Maruti, M&M, Ashok Leyland shares surge on robust Jan sales; Tata Motors skids
The share price of Maruti Suzuki surged as much as 1.9% to hit an intra-day high of ₹8,936 apiece on the Bombay Stock Exchange.
Maruti sales dip 9% in Dec; Tata Motors records 13.9% growth
Hyundai sells 38,831 units in Dec, up 20.2% from 32,312 units in year-ago period; Mahindra PV sales up 61% at 28,445. Kia India registers 94.7% Y-o-Y growth in Dec at 15,184.
Mahindra to invest ₹10,000 cr in Pune EV plant
Mahindra & Mahindra to set up a manufacturing facility that will develop and produce the carmaker's upcoming Born Electric Vehicles (BEVs).
FY23: Race for Record Auto Sales
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
Auto stocks decline despite robust sales in festival season
While the share price of Tata Motors, Mahindra & Mahindra, and Maruti Suzuki dropped up to 3%, the nifty auto index plunged 1.09% at 13,048 points.
Maruti PV sales up 20.6%; M&M, Tata, Hyundai post strong growth
The auto sector recorded sustained recovery in demand amid the festival season, with Maruti Suzuki selling 1.3 lakh PV units in November.
