Mahindra stock jumps 5% amid Sensex, Nifty fall; here’s why
Mahindra & Mahindra is set to introduce two born-electric sport utility vehicles (SUVs), XEV 9e and BE 6e on November 26, 2024.
Mahindra & Mahindra is set to introduce two born-electric sport utility vehicles (SUVs), XEV 9e and BE 6e on November 26, 2024.
The partnership also aims to drive cooperation in battery materials, and renewable energy sectors in India.
The promoters will be laughing all the way to the bank even as India investors brace for a long ride ahead.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
Limited penetration of EVs, withdrawal of government subsidies and range anxiety make a strong case for a higher penetration of hybrids in the short to medium term, says India Ratings and Research.
Puts Europe at the centre of plans to take the company into higher margin categories.
TVS Motor MD Sudarshan Venu says the company will explore CNG two-wheelers as well.
BYD aims to play only in the premium segment in India and has no plans to launch an affordable EV in the near term.
Incentives will halve to ₹2,500 per kWh with the start of the financial year 2025-26 and subsidy will be capped at ₹5,000 per vehicle.
TVS already makes CNG-powered autorickshaws. Bajaj Auto has sold 8,740 CNG motorbikes since launch in July.