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Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales

Mahindra, whose car portfolio is made up entirely of SUVs, has benefited the most from consumers' increasing preference for the large, pricey vehicles, which account for over 50% of the country's car sales volumes.
07 November 2024, 08:28 IST
Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales
Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales

Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales

07 November 2024, 08:28 IST

Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

The Chennai-headquartered firm showcased its first-ever electric vehicle design concept at the EICMA Motor Show last year.
04 November 2024, 22:07 IST
Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand
Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

04 November 2024, 22:07 IST

SUV sales a bright spot in Indian carmakers' October dispatches to dealers

Demand for new cars has slowed after two years of surging growth, forcing automakers to moderate sales to dealers and dish out higher discounts as showroom owners grapple with rising levels of unsold cars.
01 November 2024, 11:17 IST
SUV sales a bright spot in Indian carmakers' October dispatches to dealers
SUV sales a bright spot in Indian carmakers' October dispatches to dealers

SUV sales a bright spot in Indian carmakers' October dispatches to dealers

01 November 2024, 11:17 IST

Explained | Hyundai Motor India: All you need to know about the largest IPO ever in the Indian stock market

The company has put up shares worth $3.3 billion (Rs 27,743 crore) for Indian investors in its initial offering.
22 October 2024, 06:18 IST
Explained | Hyundai Motor India: All you need to know about the largest IPO ever in the Indian stock market
Explained | Hyundai Motor India: All you need to know about the largest IPO ever in the Indian stock market

Explained | Hyundai Motor India: All you need to know about the largest IPO ever in the Indian stock market

22 October 2024, 06:18 IST

Over 10K consumer complaints against Ola Electric in last 1yr; CCPA issues notice to company

The National Consumer Helpline (NCH) received more than 10,000 complaints against Ola Electric for the last one year, which were escalated to higher levels at the company for redressal.
11 October 2024, 13:56 IST
Over 10K consumer complaints against Ola Electric in last 1yr; CCPA issues notice to company
Over 10K consumer complaints against Ola Electric in last 1yr; CCPA issues notice to company

Over 10K consumer complaints against Ola Electric in last 1yr; CCPA issues notice to company

11 October 2024, 13:56 IST

Hyundai India to launch Rs 27,870 crore IPO next week at Rs 1,865-1,960 per share

HMIL's initial share-sale will conclude on October 17 and the bidding for anchor investors will open for a day on October 14, the company announced.
08 October 2024, 10:12 IST
Hyundai India to launch Rs 27,870 crore IPO next week at Rs 1,865-1,960 per share
Hyundai India to launch Rs 27,870 crore IPO next week at Rs 1,865-1,960 per share

Hyundai India to launch Rs 27,870 crore IPO next week at Rs 1,865-1,960 per share

08 October 2024, 10:12 IST

Ola Electric’s S1 X 2 kWh scooter gets PLI certification

Under this scheme, Ola Electric is eligible to receive incentives for up to five consecutive financial years (FY), starting from FY25.
27 September 2024, 08:35 IST
Ola Electric’s S1 X 2 kWh scooter gets PLI certification
Ola Electric’s S1 X 2 kWh scooter gets PLI certification

Ola Electric’s S1 X 2 kWh scooter gets PLI certification

27 September 2024, 08:35 IST

Mercedes, Audi, BMW expect robust sales this festive season

The luxury car market in India currently remains very small accounting for less than 2 per cent of the overall passenger vehicle market in the country.
22 September 2024, 06:06 IST
Mercedes, Audi, BMW expect robust sales this festive season
Mercedes, Audi, BMW expect robust sales this festive season

Mercedes, Audi, BMW expect robust sales this festive season

22 September 2024, 06:06 IST

Tata, MG offer free charging, battery rentals to lure EV buyers

Use of electric vehicles (EVs) has grown rapidly in recent years to account for 2% of India's annual sales of 4.2 million cars, but sales growth is now faltering, which analysts blame on high prices and lack of charging facilities.
12 September 2024, 10:40 IST
Tata, MG offer free charging, battery rentals to lure EV buyers
Tata, MG offer free charging, battery rentals to lure EV buyers

Tata, MG offer free charging, battery rentals to lure EV buyers

12 September 2024, 10:40 IST

Passenger vehicle shortage? Inventory levels reportedly at alarming levels

"Even with the arrival of the festive season, the market remains under significant strain due to delayed customer purchases, poor consumer sentiment and persistent heavy rains," says the FADA report.
05 September 2024, 08:12 IST
Passenger vehicle inventory levels with dealers have reached alarming levels, valued at Rs 77,800 crore: Report
Passenger vehicle inventory levels with dealers have reached alarming levels, valued at Rs 77,800 crore: Report

Passenger vehicle shortage? Inventory levels reportedly at alarming levels

05 September 2024, 08:12 IST