New Delhi: Following the takeover of Bangalore-based electric car company Reva Electric, utility major Mahindra & Mahindra (M&M) is going to use electric technology to power its two-wheelers and commercial vehicles.
Carmakers To Raise Prices For Fourth Time This Yr; Hike To Range Between Rs 1,500 & Rs 20,000 In New Delhi
TOYOTA, General Motors and Ford are poised to raise car prices for the fourth time this year as they capitalise on cheap funding-fuelled demand and improve profitability that has been under pressure due to rising commodity prices.
New Delhi: Sensing that the real spurt in growth in the electric vehicle segment in India is going to come from two-wheelers, utility major Mahindra & Mahindra (M&M) plans to focus more on developing and producing electric two-wheelers from its Nashik plant in Maharashtra. The company is looking at cutting down production of three-wheelers.
DAIMLER, Maruti Suzuki and Mahindra & Mahindra are set to lead an estimated $30-billion investments by automakers in the next four years to meet the galloping demand in the world
Domestic car and motorcycle sales rose sharply in May on the back of robust demand and affordable credit.
Maruti Suzuki for the first time crossed the 1-lakh mark in monthly sales. The company sold 1,02,175 units, including exports, during the month led by higher sales of its popular hatchback models such as Alto, Swift, A-Star and WagonR.
New Delhi: The electric car segment received a huge boost on Wednesday with utility major Mahindra and Mahindra (M&M) buying out a controlling stake of 55.2% in the electric car maker Reva. The company also promised to make an equity infusion of Rs 45 crore and has renamed the company Mahindra Reva Electric Vehicle Co following the joint venture.
