In a significant move, Tata Motors Ltd. has announced the demerger of its Commercial Vehicle business into a separate listed company. The Board of Directors has approved a Composite Scheme of Arrangement involving TML, TML Commercial Vehicles Limited (TMLCV), and Tata Motors Passenger Vehicles Limited (TMPV). Under the scheme, Tata Motors Ltd. will transfer all assets, liabilities, and employees related[Read More…]
At the 78th AGM, Mahindra Group Chairman Anand Mahindra celebrated significant milestones and outlined ambitious future plans. He expressed gratitude to retiring directors and welcomed new members, emphasising their expertise and future contributions. Mahindra highlighted a record-breaking year for vehicle and tractor sales. With nearly 825,000 vehicles and 380,000 tractors sold, the company saw an 18% growth in vehicle sales[Read More…]
Mahindra & Mahindra Limited (M&M) has announced its consolidated financial results for the first quarter of FY25, showcasing robust performance across its various business segments. Key Highlights: Financial Performance: Segment Performance: Automotive: Farm: Services: Leadership Comments: Summary of Standalone Financials: Mahindra & Mahindra continues to demonstrate its leadership across various sectors, driving growth and profitability while maintaining a strategic focus[Read More…]
CNH (NYSE: CNH) has announced a revitalized Global Leadership Team (GLT) to enhance the implementation of its strategic goals, driving long-term, profitable growth in the Agriculture sector. The Construction segment will now function as an independent business unit within CNH, enjoying increased autonomy. The newly formed GLT, effective from August 1, is structured within a streamlined matrix and includes top[Read More…]
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