Mahindra to launch 16 new ICE, electric SUVs by 2030
Mahindra & Mahindra recently shared its earning report for FY 2023-24 where the company revealed its total earning for its entire automotive business stood at Rs 76,156 crores in the recently concluded financial year. This translated into a revenue growth of 24% over the previous fiscal.

Mahindra & Mahindra Q4 Results Live : profit rise by 4.45% YOY
Mahindra & Mahindra Q4 Results Live : Mahindra & Mahindra declared their Q4 results on 16 May, 2024. The topline increased by 9.29% & the profit increased by 4.45% YoY. Compared to the previous quarter, the revenue grew by 0.44% and the profit increased by 3.6%.

India MotoGP is on and don’t believe rumours, says promoter
Just days after news broke about the Indian MotoGP being cancelled, Crash.net has reported, after getting in touch with a source close to the promoters. A few days ago, there was news saying that the BharatGP has been replaced with Kazakhstan, after the Indian promoter, Fairstreet, was yet to pay up. 

Sunil Chhetri retires: Here’s a look at his car collection
Indian football team captain Sunil Chettri announced his retirement from professional and international football yesterday. Through a video on his Instagram, the 39-year old forward revealed his decision of not representing his country any more which led to an overflow of emotions across the internet.

Not just Tesla, existing automakers to get duty benefit under new EV policy too
Amid concerns raised by automakers already operating in India that the new electric vehicle (EV) policy favours new entrants such as Tesla, a senior government official on Friday clarified that the union government will allow existing automakers to make greenfield investment commitments under the new policy.

Govt to come out with detailed guidelines for investment under EV policy
EV policy: Lower 15% duty likely for existing investments too
The Financial Express

Tesla 'silent'; yet to communicate its India plans: Official
EV maker Tesla 'silent'; yet to communicate its India plans: Report

Role of advanced tech, critical materials more pronounced: Industry
Source Credit: Nitin Kumar, Business Standard

New Delhi: As the future of mobility evolves rapidly, the role of critical materials and advanced technologies has become more pronounced, industry leaders said.

Automakers make hay as car leasing gains momentum
 

40% of vehicles on roads not insured: Centre tells SC

New e-car norms on way as India looks to build a China Wall on EV street

Indian consumer market sees significant drop in average buyer age across cars, smartphones, and TVs

M&M is wheeling big money into business. What is the plan?

Gujarat car enthusiast transforms Honda Civic into Rs 9-crore Lamborghini Terzo for just Rs 12 lakh

Lower EV import duty not just for new entrants

Stellantis to bring Leapmotor brand of EVs in India
Stellantis is one of the largest auto conglomerates in the global market with almost twenty automotive OEMs under it. In India, the Dutch conglomerate operates primarily through Jeep and Citroen brands along with imports from Maserati. It seems, Stellantis is geared up to expand its wings in India with a new auto brand.

M&M to invest INR 12,000 crore in MEAL over next 3 years to boost EV strategy
New Delhi: Mahindra and Mahindra, today announced its investment in MEAL (Mahindra Electric Automobile Limited) to fund the company’s EV portfolio.

Anish Shah, reappointed as Group CEO & MD, Mahindra Group, and Rajesh Jejurikar, ED & CEO, AFS, M&M
New Delhi: Mahindra and Mahindra, has today announced about the re-appointments of its senior management personnel after its annual board meeting. The company said, Rajesh Jejurikar is re-appointed as the whole-time Director or executive Director and CEO for Auto and Farm Sector of the company. Anish Shah is re-appointed as Managing Director and Chief Executive Officer of the Mahindra Group.

M&M not to ignore ICEs for EVs; will look at hybrid tech closely
New Delhi: Mahindra & Mahindra (M&M), which is gearing up to introduce its battery electric vehicle (BEV) portfolio in Q4 of the ongoing financial year, on Thursday, said it is “not going to ignore internal combustion engine (ICE)” vehicles. Alongside, the company also shared its plans of adapting the hybrid technology if it deems fit.

EMFAI hosts meeting between EVMS members and over 30 EV financiers in Delhi
New Delhi: EMFAI, the Electric Mobility Financiers Association of India, in a gathering in Delhi brought together members from E rickshaw OEM associations, EVMS (Electric Vehicles Manufacturer's Society) and over 30 financiers.

UK finance institution to invest INR 1,925cr in M&M E4W project
New Delhi: British International Investment (BII), the UK's Development Finance Institution and impact investor, and Mahindra & Mahindra (M&M), have executed a binding agreement to invest up to INR 1,925 crore each into a wholly-owned subsidiary of M&M that will be newly incorporated ("EV Co.").

SUV sales drive M&M profit to beat estimates
Mumbai: Mahindra and Mahindra (M&M) has reported a 4 per cent jump in consolidated net profit for the fourth quarter of the 2023-24, riding on a 9 per cent year-on-year (Y-o-Y) growth in revenue to ₹ 35,452 crore.

India will be in top seven semiconductor manufacturing nations by 2030: Vaishnaw
Mumbai: Minister of Communications and IT and Railways, Ashwini Vaishnaw pegged India to become one of the top seven semiconductor manufacturers in the next five to six years. Speaking at the National Stock Exchange, Mumbai, as part of Viksit Bharat Ambassador series – Vaishnaw said on Thursday: “The semiconductor industry is a new industry in the country. But within a short period of time, by 2029 or 2030, we will be amongst the top seven semiconductor manufacturing nations in the world.”

M&M reports 32% rise in Q4 net owing to robust auto segment performance
Mumbai: Mahindra and Mahindra reported a 4 per cent rise in consolidated net profit at ₹2,754 crore for the quarter that ended in March against ₹2,636 crore reported during the same quarter last year. The Group’s profit was impacted because the growth in automobile business was offset by the decline in the IT services segment.

Ola Mobility CFO Karthik Gupta quits after 7 months
Karthik Gupta, chief financial officer (CFO) of Ola Mobility, has quit the company just seven months after joining the firm.

Zoho’s Sridhar Vembu could foray into semiconductor market with an investment of $700 million
Chennai: Looks like Sridhar Vembu, co-founder and CEO of the Chennai/US based Zoho, is all set to enter the chip making business, with an investment plan of around $700 million (as quoted by Reuters). The company declined to comment on the development, but, an official said it could be a cue from what Vembu had mentioned in Marchx, about his interests in semiconductors.

Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
M&M gears up for a ₹26,000 crore investment in auto business
The Hindu Business Line

Auto major M&M shifts to high gear with Rs 37,000 crore investments

Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).

While Chinese EVs get tariff shock in US, Leapmotor prepares for India entry

Will China become the cat among India's EV pigeons?