Shares of Hero MotoCorp went down by 3.15 percent, Ashok Leyland lost 2.78 percent, Bharat Forge (1.30 percent), Tata Motors (0.70 percent), Mahindra & Mahindra (0.66 percent) and Maruti Suzuki (0.58 percent) on BSE.
Following the sale, the shareholding of the company in MHRIL would come down from 75 percent to 67.5 percent of its share capital.
long-term beneficial impact of demonetisation on the economy would be very much if the government was able to do what they had set out to do with the note ban.
It will be available in the top-spec K8 variant only
In the domestic market, M&M's sales were down 1.5 percent to 34,310 units last month as compared to 34,839 in the year-ago period
Ola Play will be made available on Ola Prime in Bengaluru, Mumbai and Delhi for select customers and will be rolled out across other cities and to over 50,000 vehicles by March 2017
Home-grown auto major Tata Motors has increased prices of its passenger vehicles by up to Rs 12,000 across models to offset rising input costs.
It’ll be the final concept of the Y400 development model
Only vehicles manufactured on or before September 2014 will be inspected
Company said it sold 1,10,959 vehicles during the April-June period of the current fiscal, up 9.7% from the year-ago period
In 2015-16, Mahindra Two Wheeler saw sales declined by 12.7 percent at 133,355 units
In March, Maruti Suzuki India's domestic sales increased by 14.6 per cent to 1,18,895 units
At present, there are over 40 mutual fund houses operating in the country
The Supreme Court on Tuesday upheld a temporary ban on the sale of large diesel cars in New Delhi to combat toxic smog in India's capital, but postponed hearing an industry appeal on an environmental tax that carmakers say will hit investment
M&M had expressed interest in acquiring the company in March but no agreement was signed then
In order to improve the lives of these farmers who toil around the clock and 365 days a year, Mahindra & Mahindra has kickstarted an initiative -#SeedTheRise in concert with the online community.
Total two-wheeler sales in August were down 2.98 percent to 13,05,350 units as against 13,45,506 units in the same month last year.
The research and development of Mahindra TUV300 has been carried out at the Mahindra Research Valley in Chennai.