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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

Ketan Thakkar and Manobhava Baruah     calendar26 May 2023

With expanded capacity, the company plans to sell its fast-selling vehicles XUV300, XUV700 and Scorpio in existing overseas markets, in phase 2. Company to add EVs in markets like the UK and other right-hand drive markets.

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Renault Kwid emerges as most popular used car in India News
Renault Kwid emerges as most popular used car in India

autherAutocar Professional Bureau calendar26 May 2023

Spinny's report has revealed that the Renault Kwid has garnered significant attention and demand from used car buyers ...

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

autherAutocar Professional Bureau calendar26 May 2023

MOFSL expects the recovery to sustain across segments, though the pace of growth will be different across segments of ...

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Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh News
Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh

autherAutocar Professional Bureau calendar26 May 2023

The Magnite GEZA Special Edition can be booked at all Nissan showrooms for Rs 11,000. The Nissan Magnite has achieved ...

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

autherAutocar Professional Bureau calendar26 May 2023

Successful launches such as the Scorpio-N, and XUV400 in the SUV segment as well as e-three wheelers enabled company's...

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

By Ketan Thakkar calendar26 May 2023

Tata Motors is betting on a dual cylinder CNG engine to drive the segment sales to 30% by 2030. The company is eyeing ...

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M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore News
M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore

autherAutocar Professional Bureau calendar26 May 2023

Following the sale, the company’s shareholding in CIE has become nil, M&M said in a regulatory filing.

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Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report News International
Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report

autherAutocar Professional Bureau calendar26 May 2023

In 2015, the auto company had admitted to making use of software to circumvent emissions requirements in around 11 mil...

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Education firms bet big on EV, IoT as futuristic courses Feature
Education firms bet big on EV, IoT as futuristic courses

By Radhika Dave calendar26 May 2023

How are education technology firms preparing for the new auto era? Autocar Professional takes a look at how companies ...

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‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report News
‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report

autherAutocar Professional Bureau calendar26 May 2023

Proven technology, economic feasibility, and marketability of the finished product besides import substitution were so...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

64.93%

No

 

35.07%

Total Votes : 921