Mahindra announces mileage guarantee on BS6 trucks. Marketing gimmick?

In case a customer chooses to return the truck, the ex-showroom price of the truck will be refunded after all the requirements are fulfilled as per the terms and conditions. Key points to note – Mileage guarantee is being offered on the entire BS6 truck range from 3.5 tonne till 55 tonne, including Blazo X … Read more

Mahindra & Mahindra jumps on the EV bandwagon

The automaker who is traditionally knows for fuel guzzling SUVs and CVs has announced it’s intention to diversify towards the Electric Vehicles (EV). Key point to note – The Company targets to launch 8 new Electric SUVs and 8 new Electric Light Commercial Vehicles by 2026. It is targeting to invest Rs 3,000 crore towards … Read more

Daimler CEO says carmakers could face chip shortage into 2023

By Ilona Wissenbach and Nick Carey MUNICH (Reuters) – Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler AG’s CEO said on Sunday. Carmakers, forced by the COVID-19 pandemic to shut down … Read more

Tata Motors reaffirms plan to become debt free by FY24

Last year i.e., 2020, at its annual general meeting, Tata Motors had announced its aim to become a debt free company within the next three years. Timelines seems to have shifted by a year. However, given Covid related disruptions, it’s still acceptable. For reference, the Company reported a Gross debt of Rs 1,50,211 crore and … Read more