Posts in category Business Standard
Mahindra & Mahindra auto sales increase by 17% in May’24 (01-06-2024)
According to Veejay Nakra, President, Automotive Division, M&M Ltd., We sold a total of 43,218 SUVs in May, a growth of 31% and 71,682 total vehicles, a 17% growth over last year. As we opened bookings on 15th May, we were delighted to receive an overwhelming
response for the XUV3XO. Within the first hour of opening bookings, we hit the 50000 mark. The belief that our customers have shown on us reiterate the strong disruptive proposition of XUV3XO. We have started deliveries from 26th May."
TVS Motor Company sales volumes jump 12% in May’24 (01-06-2024)
TVS Motor Company registered a sales growth of 12% increasing from 330,609 units in May 2023 to 369,914 units in May 2024.
Inox Wind to raise Rs 1,000 crore Via NCPRPS (01-06-2024)
Inox Wind announced that its board has approved to raise funds upto Rs 1,000 crore via non-convertible, non-cumulative participating redeemable preference shares (NCPRPS).
Sharma East India Hosp and Medical Research standalone net profit declines 89.19% in the March 2024 quarter (01-06-2024)
Sales decline 64.64% to Rs 1.80 crore
Somi Conveyor Beltings standalone net profit declines 5.05% in the March 2024 quarter (01-06-2024)
Sales decline 0.90% to Rs 38.44 crore
Shree Ganesh Remedies standalone net profit rises 87.91% in the March 2024 quarter (01-06-2024)
Sales rise 26.07% to Rs 37.33 crore
REC board OKs to raise upto Rs 1.45 lakh crore via private placement (01-06-2024)
REC announced that its board has approved to raise funds by way of non-convertible debentures (NCDs) on a private placement basis upto an aggregate amount of Rs 1.45 lakh crore.
Tata Motors total sales rises 2% YoY in May’24 (01-06-2024)
The auto major's total domestic and international sales for May 2024 stood at Rs 76,766 units, up 2.39% as compared with 74,973 units in May 2023.
Escorts Kubota sells 8,612 tractors in May 2024; construction equipment sales up 3.3% YoY (01-06-2024)
Escorts Kubota said that its Agri Machinery Business Division has sold 8,612 tractors in May 2024 as against 9,167 tractors sold in May 2023, thereby recording a de-growth of 6.1% on YoY basis.
Maruti Suzuki total sales drop to 174,551 units in May’24 (01-06-2024)
Maruti Suzuki India announced that its total sales declined 1.98% year on year to 1,74,551 units in May 2024 as against 1,78,083 units sold in May 2023.