Snehal khanna Blog

Has 5.33% share in India - the fifth-largest passenger vehicle market where 3 million units are sold annually LATEST NEWS :  Tata Motors’s sales increased 19 per cent this financial year, helping it to race ahead of Japanese carmaker Honda Cars and secure the fourth spot among peers in the domestic market. In the same period, Honda’s sales rose by 17 per cent. Between April 2017 and January 2018, T ata Motors sold 149,284 units of passenger vehicles. Honda Cars sold 144,802 units in the period. In FY17, Tata Motors had sold 153,151 units, compared to Honda’s 157,313 units. Honda, however, claimed to be unperturbed by the change in the pecking order. “What we try to achieve is a higher market share. We require at least a 10 per cent share in the Indian market to have a sustainable position,” said Yoichiro Ueno, president and chief executive officer, Honda Cars India. The company now has a 5.33 per cent share in India — the fifth-largest passenger vehicle mar...

Mahindra Logistics operates as third-party logistics services provider; price band for IPO fixed at Rs 425-429 per share LATEST NEWS : The Rs 830-crore initial public offering (IPO) of Mahindra Logistics , an arm of Mahindra & Mahindra (M&M), garnered a subscription of 1.32 times on Wednesday, a day before its close. The institutional portion of the IPO was subscribed 76 per cent, while that of non-institutional investor was subscribed 10 per cent. The small investor portion was subscribed 2.2 times. Mahindra Logistics operates as a third-party logistics services provider. The IPO is entirely an offer for sale, with parent M&M and private equity investor Kedaara Capital selling shares worth Rs 415 crore each. After the IPO, the promoter holding in the company will come down from 74.6 per cent to 61.1 per cent. Mahindra Logistics IPO The price band for the IPO was fixed at Rs 425-429 per share. “At the higher end, the issue is priced at a price-to-e...

Teams from both companies will work together for a period of up to three years LATEST NEWS :       Homegrown utility vehicle major Mahindra & Mahindra (M&M) and American auto major Ford have decided to look at joint development of products, especially electric and connected vehicles. The partnership will also look at expanding Ford’s reach in the domestic market and Mahindra’s access to global markets. The announcement comes less than three months after Tata Motors (the only other homegrown player in domestic car market) decided to end partnership talks with Volkswagen group. “The changes facing the automotive industry globally are triggered by the accelerated rise of new technologies, sustainability policies and new models of urban shared mobility. Given these changes, we see the need to anticipate new market trends, explore alternatives and look for ways to collaborate even as we compete and build powerful synergies that will allow rapid...