Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Tractors a sore spot for M&M
Mint Mumbai
|February 16, 2024
Mahindra & Mahindra Ltd's journey is a tale of two parts.
On the one hand, its automotive business is on a strong footing, and on the other, it is a rocky road for its farm equipment segment (tractors).
In the auto segment, M&M expects its sport utility vehicle portfolio to grow by 15-19% in FY25. This is meaningfully ahead of the Society of Indian Automobile Manufacturers' forecast of 10-12% for utility vehicles (UVs).
It helps that M&M had a robust SUV order book of 226,000 units as on 1 February. But the order book has fallen sharply by 21% from 1 November levels, partly due to high cancellation rate in November and December.
The order backlog may fall further as the company is ramping up its capacity to reach 49,000 units per month by the end of the March quarter (Q4FY24). At the same time, it is encouraging that average new bookings are at 50,000 units per month.
Diese Geschichte stammt aus der February 16, 2024-Ausgabe von Mint Mumbai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Mumbai
Mint Mumbai
BYD bursts into top 5 of India's EV firms
In the back of an almost 80% surge in sales this year so far, Chinese carmaker BYD has jumped to the fifth spot in India's electric vehicle (EV) pecking order and is revving for more.
2 mins
December 02, 2025
Mint Mumbai
Mandatory govt app on phones may spur industry pushback
A push by the Centre to phone-based curb scams by mandating a government app on every smartphone in circulation is likely to be opposed by the world's largest handset makers including Apple, Google, Samsung and even industry bodies, according to multiple executives Mint spoke with.
3 mins
December 02, 2025
Mint Mumbai
India's CAD moderates in Q2
India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.
1 mins
December 02, 2025
Mint Mumbai
GST reset riddle
India’s latest data on goods and services tax (GST) collections was keenly awaited as a signal of the impact of midyear rate cuts.
1 min
December 02, 2025
Mint Mumbai
MEGA BANK MERGER: WILL IT AMPLIFY RISK?
The government is reportedly preparing for another round of public sector bank (PSB) consolidation, five years after the last major merger exercise brought the number of state-owned lenders down to 12 from 27.
3 mins
December 02, 2025
Mint Mumbai
Anil Ambani moves SC over fraud tag
Industrialist Anil Ambani has moved the Supreme Court challenging an order of the Bombay High Court which upheld the State Bank of India’s (SBI) decision classifying his and Reliance Communications’ accounts as fraud.
1 min
December 02, 2025
Mint Mumbai
Mehli Mistry quits Ratan Tata’s Small Animal Hospital
Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.
1 mins
December 02, 2025
Mint Mumbai
UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case
Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.
1 min
December 02, 2025
Mint Mumbai
Rupee at record low, no US deal drags
The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.
1 min
December 02, 2025
Mint Mumbai
KOCHI'S BOATS CHART A NATIONAL COURSE
India wants to modernize its ancient waterways for mass transit. Can it be a game changer?
8 mins
December 02, 2025
Listen
Translate
Change font size