Page 27 - Auto Sector News Today

Mahindra records its best numbers of all time thanks sales coming in from all divisions. The brand is ready for plans in the PV space with one major and one minor launch every year.

Though the March volumes were flat trend year-on-year, the company showed a significant improvement in UV and export sales. In FY23, Indias biggest car manufacturer posted its best-ever total sales of 19,66,164 units, a 19 percent jump from FY22

March volumes indicate an acceleration in EV adoption and improving export numbers, going by MS’ report

Mahindra & Mahindra Ltd., one of Indias leading automotive companies, today announced that its auto sales for the month of March 2023 stood at 35,976 vehicles, its highest ever, with a growth of 31%.

Niranjan Gupta, who is being elevated from his current role as CFO and head of strategy, will take charge from May 1

Enquiries for PVs drop sharply, select models hold up well, according to the brokerage

The company is set to raise the price of trucks by 4 per cent and that of its buses by 6 per cent from April 1.

The brokerage has set a target price of Rs 4,400 on the stock, which is currently trading at Rs 3,828.6.

Commission is expected to announce today it has agreed to propose to exempt cars that run on e—fuels. this has come after weeks of rows with germany over the proposed law.e—fuels are made using captured c02 emissions and low—carbon hydrogen. such fuels are not yet produced at scale, but are seen by some carmakers as a route to prolonging the use of combustion engines.so how big is e—fuel potentially for the auto sector and could this mean the plug is pulled from further investment in ele...

For the kind of money the federal and Ontario governments probably spent for a Volkswagen EV battery plant in southwestern Ontario, Canada might have been able to launch its own EV maker.