Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more
ET Intelligence Group: Objects in the rear-view mirror are closer than they appear. This standard disclaimer might help explain why Suzuki, which sells one of every two cars running on Indian roads, has struggled lately to stay ahead of galloping input-cost inflation. Margins slumped to a multi-year low in the September quarter at the maker … Read more
MUMBAI: today reported a surprise consolidated net loss of Rs 7,605.4 crore for the quarter ended March due to a large write off related to subsidiary Jaguar Land Rover. Analysts had expected the automaker to report consolidated net profit of Rs 3,367.3 crore for the quarter. In the year-ago quarter, the company had reported a … Read more