Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more
Nissan Motor is willing to walk away from a deal with Renault SA to re-balance their alliance amid concerns the French carmaker wants to license hundreds of jointly developed patented technologies to other players, including new Chinese partner Geely. While both sides appeared near a final agreement two weeks ago, Nissan’s board and management have … Read more
The centre has postponed implementing a proposal making it mandatory for passenger cars to have six airbags by a year to 1 October 2023, road transport and highways minister Nitin Gadkari said on Thursday. The domestic automotive industry had sought a rethink on the rule claiming inflation and regulatory costs made passenger vehicles—particularly small and … Read more
After Tata Motors doing it last year, M&M going for external fund raise in the EV business was widely expected. The Company has now announced raising Rs 1,925 crore from British International Investment Plc (BII) for the same. BII (formerly CDC Group plc) is the Development Finance Institution of the UK Government and invests between … Read more
Chinese automaker Great Wall Motor has been planning to enter the Indian market since 2020 but now becomes one of the biggest casualties of New Delhi’s increased scrutiny of investments from Beijing. China’s Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations after failing … Read more
Apollo Tyres (APL) has circulated an investor PPT setting performance goals for FY 26. $5bn Revenues 15% EBITDA 12-15% ROCE Net debt/ EBITDA < 2 Headline numbers definitely seems exciting. Reasons – Revenue target of $5bn (i.e., approx Rs 40,000 crore) is twice of FY 22 revenues i.e., double within 4 years. EBITDA target of 15% … Read more
Non-banking financial companies (NBFCs) are seeing a rise in demand for used vehicle financing amid Covid. The pandemicdriven preference for owning second and third cars in households, upgrades by two-wheeler owners to preowned cars and lower cost of used vehicles are some primary reasons for the spike in demand for used vehicles. NBFCs offering loans … Read more
Electric Vehicles (EV) is a hot theme nowadays. No one wants to be left behind. Endurance Technologies Limited (ETL) has joined the list and is acquiring 100% of Maxwell Energy Systems Private Limited (Maxwell). Key points to note – Maxwell is a Mumbai based wholly owned subsidiary of a US company, ION Energy Inc. (“ION”) … Read more
Key points to note – The facility is coming up at IMT Kharkhoda in District Sonipat, Haryana This is Maruti Suzuki’s (MSL) 3rd facility in Haryana – other two being at Gurgaon and Manesar The Company has got 800 acres of land allotted for this facility from Haryana State Industrial and Infrastructure Development Corporation Limited … Read more