Classic Legends to open 200 Jawa-Yezdi showrooms every year
Classic Legends, a subsidiary of M&M Ltd., plans to open 200 new retail showrooms annually. This was announced by the company's CEO, Ashish Singh Joshi, who mentioned that the company is also preparing to launch the popular BSA range of motorcycles on August 15Read more
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Govt capex, rural demand may spur M&M's ride
“We are seeing early signs of recovery in the rural markets. We are seeing government spending and margins getting better. Our estimate for the full financial year for tractor sales is a 5 per cent increase for the entire financial year (2024-25/FY25) versus last year. With the monsoon reasonably good overall, we are on track to achieve 5 per cent growth,” MD & CEO, Dr. Anish Shah said in an interview featured on Business Standard. Read more
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Picture-Perfect Q1
Strategy to double market share in MHCV and the key growth drivers. In conversation with Rajesh Jejurikar: M&M has experienced growth in market share in SUVs and tractors. Their Q1 earnings were operationally strong. The growth outlook for India's PV industry is positive, and there is potential for growth in the farm equipment segment. M&M may also implement more price cuts in the future. All eyes are on the upcoming launch of the Mahindra Thar ROXX, and the company has a strategy in place to double its share in the MHCV market. Watch
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Amarjyoti Barua on NDTV Profit
On the newly launched 3XO, AFS market share and a focus on EVs: Amarjyoti Barua, CFO of Mahindra Group, highlighted that the company's earnings and margins have exceeded estimates, with positive results in Auto and Farm sectors. While the farm sector shows early signs of improvement, particularly with tractor volumes, the passenger vehicle market remains strong due to successful product launches. Watch
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FES announces tractor sales for July 2024
Total tractor sales (Domestic + Exports) during July 2024 were at 27209 units, as against 25175 units for the same period last year. South-West monsoon is bringing surplus rainfall to central, western, and southern India, while some eastern states face deficits. Kharif sowing boosts farmer sentiments, aided by higher crop prices and budget support, promising a strong festive season for the tractor industry. Read more
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M&M announces Auto sales for July 2024
Overall auto sales for the month of July 2024 stood at 66,444 vehicles, including exports. In the Utility Vehicles segment, Mahindra sold 41,623 vehicles in the domestic market, a growth of 15% and overall, 42,012 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 19,713. Read more
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1,00,000 Naya Swaraj roll out
We're thrilled to announce that Naya Swaraj Tractors has achieved a remarkable milestone - 1,00,000 units sold! This feat wouldn't have been possible without the trust and enthusiasm of our valued customers. We're honoured to have cricket legend and brand endorser M.S. Dhoni join us in celebrating this achievement. This milestone is a testament to our commitment to empowering progressive farmers and our journey towards becoming an aspirational brand.
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