Reporting FY2020-21 Q4 consolidated revenue of Rs.21,456 crore, up 32 per cent, and a consolidated Q4 PAT before EI at Rs.1,834 crore, up 170 per cent, Mahindra & Mahindra Ltd. (M&M) will introduce 23 new Mahindra in the passenger and commercial vehicle markets, along with 37 tractor types by 2026. Reporting a generation of operating cash of Rs.10,022 crore in[Read More…]
Reporting a consolidated net profit of Rs.212.12 crore for the last quarter of FY2020-21 against a net loss of Rs.68.59 crore in the year prior to this, Bharat Forge, an automotive, defense, and aerospace components supplier are confident of strong growth on the basis of an encouraging rebound in export markets. Said to expect robust demand in major export segments[Read More…]
Addressing a Rotary District Conference 2020-21 recently, union transport minister Nitin Gadkari expressed that a decision over flex-fuel to ten days. The Government, claimed a source, is considering making flex-fuel engines mandatory for the automobile industry. The move is expected to help farmers and boost the Indian economy. Made attractive by price, which is Rs.60-62 per liter for alternative ethanol[Read More…]
Announcing Production Linked Incentive (PLI) for manufacturing advanced chemistry cell batteries to those firms that have been allocated the production capacity under the national program on ACC battery storage through a transparent mechanism, the Department of Heavy Industry is said to be taking the right steps in the right direction. Encouraging existing battery manufacturers like Amara Raja to tweak their[Read More…]
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