Indian Automobile Industry News & Updates
M&M reports 32% rise in Q4 net owing to robust auto segment performance
Mumbai: Mahindra and Mahindra reported a 4 per cent rise in consolidated net profit at ₹2,754 crore for the quarter that ended in March against ₹2,636 crore reported during the same quarter last year. The Group’s profit was impacted because the growth in automobile business was offset by the decline in the IT services segment.
SUV sales drive M&M profit to beat estimates
Mumbai: Mahindra and Mahindra (M&M) has reported a 4 per cent jump in consolidated net profit for the fourth quarter of the 2023-24, riding on a 9 per cent year-on-year (Y-o-Y) growth in revenue to ₹ 35,452 crore.
HMSI 125cc motorcycle sales cross 30 lakh in East India
New Delhi: Honda Motorcycle and Scooter India (HMSI), a leading manufacturer of two-wheelers in the country, announced Honda’s 125cc motorcycles, Shine 125 and SP125, have crossed over 30 lakh customers in Eastern India.
2024 Maruti Swift review: does it stick to its ethos?
Source Credit: Autocar India
By the time you read this review, the cumulative domestic sales of the Maruti Suzuki Swift would have crossed the three million mark. That’s an average of about 13,100 Swifts being sold in India each month for 19 years, which is an extraordinary feat. But then, the Swift isn’t just another hatchback. It’s etched deep into the hearts of Indian car buyers for its youthful persona, sporty character and engaging driving manners. Now there’s a new one.
We are looking at hybrid technologies closely: Mahindra MD
Source Credit: Autocar India
Mahindra is closely looking at the hybrid technology space and will be ready to introduce hybrid vehicles if there is a strong customer demand, says Anish Shah, company MD, at the Q4 earnings call earlier today.
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