NEW DELHI: A superb growth in tractor sales and strong demand for other vehicles, especially from rural India, will keep the auto sales numbers in the green as automakers start reporting data from Tuesday onwards. Auto sales have been improving for a few months now, especially riding on sustained demand from rural markets and festive … Read more
Mahindra & Mahindra, the country’s largest tractor maker, is witnessing strong demand for tractors in the middle of the festive season. Operating at over 100% capacity and yet having pending orders, the company has decided to divert production meant for exports to meet the local demand, M&M’s Farm Equipment Sector (FES) chief executive, Hemant Sikka, … Read more
Smartworks had thought of itself as a disruptor so it was caught unawares, much like the rest of the world, by the large-scale disruption the Covid-19 outbreak introduced. The provider of coworking spaces had expanded operations to nine cities since it was established in 2016. It was also getting a boost from the startup and … Read more
NEW DELHI: Housing finance major HDFC emerged as the top gainer in the Sensex pack on Tuesday. With a rally of over 7 per cent, the scrip alone contributed around 220 points in the 30-pack index’s 600-point rally. The stock hogged the limelight after the company said its individual loan disbursements in the second quarter … Read more
Mumbai: Automakers reported disappointing sales figures for the month of July in all segments barring tractors compared to year-ago on account of Covid-19 induced lockdowns. However, the numbers improved on a sequential basis and the recovery is expected to be gradual. Apart from demand issues, supply-side pressures are also weighing on auto companies in light … Read more
NEW DELHI: Anand Mahindra does Twitter in style. Like, almost always. From sharing inspiration-filled messages to life hacks to turning a good Samaritan, he has used the platform to maximum advantage, for himself and others. And during the four-month-and-counting lockdown period, the top boss has kept his Twitter fans engaged with a sneak-peek into his … Read more