Page 9 - M&m

Difficult to regain SUV market share, says M&M; Maruti Suzuki tops segment

M&M, the traditional leader in utility vehicles, has accepted the changed market dynamics of this fastest growing segment of the domestic passenger vehicle market which has drawn newer players. The company said it will be impossible to get back its old market share of over 40 per cent and it will be content to maintain a share of low 30s (per cent). The company has been overtaken by Maruti Suzuki in utility vehicle volumes this year. The Suzuki backed company has climbed to numero uno position with the help of Brezza, a SUV launched in March 2016. Maruti sold about 160,700 units since the launch and is yet to make deliveries of 54,000 units, translating into waiting period of four months. M&M saw its market share shrink to 29.2 per cent in FY17 from 37.9 per cent in the previous year. Maruti's share grew from 16 per cent to 25 per cent in the same period. "We have lost the market share primarily because the universe of UV is expanding very rapidly and also because there are ..

M&M sales up 3% at 41,895 units in May

Auto major Mahindra & Mahindra today reported 3 per cent increase in total sales at 41,895 units in May. The company had sold 40,656 units in the same month last year, the company said in a statement. In the domestic market, sales were up 10.89 per cent at 40,602 units last month compared to 36,613 units in May 2016. Exports were down 68 per cent at 1,293 units in May against 4,043 units in the same month last year. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were up 3.33 per cent at 20,290 units compared to 19,635 units in the same month last year. Commercial vehicle sales were up 23.99 per cent at 16,255 units in May against 13,109 units in the year-ago period, M&M said. M&M President Automotive Sector Rajan Wadhera said the projections of a good monsoon and focused investments in rural sector is expected to spur demand. "We have a robust outlook for future...At Mahindra we look forward to growth momentum on the back of our .

M&M aims at solution sales

Auto major is looking to cater to the entire value chain in farm equipment space

M&M to add electric spark to new models

Sets it eyes on reaching the lofty goal of selling 100,000 of them by 2022

M&M considers electric vehicles for US, China

Italian auto-design affiliate Pininfarina will make the vehicles for Mahindra & Mahindra

Mahindra & Mahindra posts 6% rise in sales in March

Mahindra & Mahindra today reported 6 per cent rise in total sales to 56,031 units in March as against 52,718 units sold in the same month last year. In domestic market, sales were up 9 per cent at 53,322 units last month compared to 48,967 units in March 2016, M&M said in a regulatory filing. The company said its exports stood at 2,709 units during the month under review. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, declined by 5.70 per cent at 25,352 units compared with 26,885 units in March 2016. Its medium and heavy commercial vehicles sales surged 67 per cent to 1,471 units last month, M&M said. For the entire fiscal, the company's total sales grew by 3 per cent to 5,06,625 units as against 4,94,098 units in 2015-16.

Mahindra unveils new Bolero at Rs 7.06 lakh

The Bolero Power Plus comes with an mHawk engine, is 5% more fuel-efficient than the existing model and delivers 70bhp

M&M to continue selling 1.99 ltr engine SUVs in NCR

Hit by the SC ban in December, the Mumbai-based automaker had launched a 1.99 litre version of its mHawk engine series earlier this year

M&M to set up nation's first auto shredding unit in Western India

Company silent on quantum of investment; will enter 50:50 JV with MSTC, a govt-owned firm

M&M: Competition to peg back UV sales

Strong tractor sales and new launches could soften pressure on the utility vehicles front

M&M: Monsoon, newly launched products key triggers

Adverse regulatory action on diesel vehicles would be a drag

M&M forays into branded dairy, launches four milk variants

Double toned milk, full cream milk, protein rich milk and cream rich milk are the variants

M&M reveals name of new UV

NuvoSport will replace the existing Quanto with altered exterior styling

M&M gains as bookings for KUV100 top 21,000 units

Bookings for the KUV100 has topped 21,000 units with more than half for the petrol variant