Auto Industry News

The offer is valid for customers whose tractor warranty is expiring between May 01, 2021 and June 30, 2021, considering the pandemic is creating challenges on mobility across markets.

Mahindra has earmarked a capital expenditure (CAPEX) of Rs. 9,000 crore for its business from which Rs. 3000 crore have been allocated for EVs.

Mahindra is planning to launch seven SUVs and two EVs by 2026 and has allocated Rs. 6,000 crores for new ICE SUVs and Rs. 3,000 crore for EVs.

Mahindra and Mahindra has finally confirmed that it will launch the 5-door version of the new-generation Thar in India.

Bookings for the Mahindra XUV300 grew 90 per cent between October 2020 and March 2021. During this period the company saw an average of over 6000 bookings for the XUV300 per month, which currently has a waiting period of over 12 weeks.

Mahindra and Mahindra announced its financial results today and along with it, also gave us an insight into its future plans, particularly the automotive business. The company announced that it plans to launch eight new cars in India by the end of 2026.

The Thar has been a strong seller from the company ever it was launched in October and in just 8 months, it has managed to garner a lot of bookings in its favour.

The growth in the auto business is primarily attributed to a strong quarterly performance where the sales of SUVs went up by 18 per cent at 1,06,333 units as compared to 90,481 units sold in the same quarter last year.