Maruti, Toyota, Mahindra & Mahindra remain bullish on long-term growth of used car business
NEW DELHI: Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the […]
JP Morgan demands loan repayment of Rs 268 crore from M&M SsangYong Motor Co
NEW DELHI: JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra’s troubled foreign arm SsangYong Motor Company (SYMC) but the South Korean auto maker has expressed its inability to pay the amount now. Following the Korean automaker’s application for rehabilitation dated December 21, JP Morgan issued a notice […]
Mahindra & Mahindra’s October sales drop 14%, utility vehicles sale up 3%
MUMBAI: Mahindra & Mahindra (M&M) on Sunday reported a 14.5 per cent fall in its overall sales in October at 44,359 vehicles. The company had sold 51,896 units in October last year. The passenger vehicle segment of the company which includes utility vehicles, cars and vans recorded a 1 per cent growth in sales at […]
M&M launches all-new Thar SUV
NEW DELHI: Automobile major Mahindra & Mahindra (M&M) on Friday launched the all-new Thar SUV. According to the company, the all-new Thar will be available in two trims, “AX” and “LX”, with prices starting at Rs 9.80 lakh for the AX series and Rs 12.49 lakh for the LX series. It comes with two engine […]