Criticised for its polarising SUV design language, M&M is seeking to strengthen that part of its operation. The group has plans of launching over three dozen products across segments (Uvs, CVs and tractors) in the next 5 years and will be investing close to Rs 17,000 crore across business in three years.
Capacity expansion, deferred capex from last year and investments driven by the governments production-linked incentive scheme will be the three key capex drivers, experts said.
Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
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Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
PTI / Jun 11, 2021, 14:13 IST
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NEW DELHI: Passenger vehicle wholesales in India witnessed a month-on-month decline of 66 per cent in May as lockdowns across various states impacted dispatches to dealers, auto industry body Siam said on Friday.
Passenger vehicle wholesales in May stood at 88,045 units, as compared to 2,61,633 units in April.
As per the latest data by the Society of Indian Automobile Manufacturers (Siam), two-wheeler dispatches to dealers dropped by 65 per cent to 3,52,717 units, compared to 9,95,097 units in April.
The Ministry of Defence has signed a contract with Mahindra Telephonics Integrated Systems for radars
The domestic stock markets are likely to open on a flat note ahead of the monetary policy announcement by the Reserve Bank of India. Reserve Bank Governor Shaktikanta Das-led Monetary Policy Committee (MPC) will announce its policy decision, at the end of a scheduled review that started on Wednesday. Trends on SGX Nifty indicate a cautious opening for the index in India, with a 15-points loss. At 7:30 am, the Nifty futures were trading at 15,680, lower by 15 points or 0.1 per cent, on the Singapore Stock Exchange.
“ITCs dependence on the cigarette business continues. There have been many talks about the non-cigarette FMCG business taking over or getting preference over the cigarette business, but in the last many years they have not been able to do that. ”