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Hero MotoCorp: However, factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for entry-level bikes may help the country s largest bike maker in mitigating the margin pressure from the EV segment and retain its outperformance on bourses. The stock has gained over 50% in the past three months, outperforming the 18% return of the ET Automobiles index. ....
This increase will be effective February 1, 2024 and is being taken to partially offset the rise in input costs. Earlier, Tata Motors announced that it will increase the price of its commercial vehicles effective 1st January, 2024, by up to 3%. ....
Mahindra & Mahindra expects to maintain growth in the small commercial vehicles segment next fiscal year by continuously refreshing its range according to customer needs. The company recently introduced the new Supro Profit Truck Excel series, available in diesel and CNG Duo variants, and priced between Rs 6.61 lakh and Rs 6.93 lakh. The company plans to introduce air conditioning to its pick-up range in the near future. ....
Mahindra CV Growth: "This launch marks a significant stride in the sub-2-tonne segment, showcasing our commitment to empowering businesses and transforming last-mile connectivity in India," M&M CEO, automotive division, Nalinikanth Gollagunta, said. ....
India UK FTA: India s Commerce Secretary, Sunil Barthwal, has said that countries negotiating free trade agreements (FTAs) with India are looking to gain a greater share in the country s rapidly growing automobile sector. The industry has strengthened in various areas, including auto-grade steel, components, and tires, and is now shifting from conventional internal combustion engines to electric vehicle (EV) battery-based systems. ....