Tractors
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Mahindra & Mahindra's consolidated PAT declines 52.6% to Rs 894.11 cr in June quarter, hit by lower vehicle sales
•The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the corresponding quarter of the previous financial year
Demonetisation shaves off Rs 8k cr; recovery quicker than thought: M&M
Fwire •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.
Mahindra investing in future of mobility; including driverless tractors
Fp Archives •Mahindra group is investing in the future of mobility with intentions to play a pioneering role in the development of driverless tractors and commercial vehicles, its Chairman Anand Mahindra today said.
M&M standalone net profit grows 12.36% at Rs 955.21 cr on improved vehicle sales
•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
Angry French farmers stage 1,000-strong tractor protest in Paris
Fp Archives •More than 1,000 tractors — and a few cows — descended on Paris on Thursday in a boisterous protest by farmers who blocked highways to express their anger over falling prices for their goods and high taxes
Punjab, land of the tractor and green revolution, is unlearning its bad farm practices
Vivian Fernandes •Zero tillage cultivation is graining traction in Punjab, the land where heavy tilling of the land has been a religion so far. It is lowering farm costs, offering better protection in bad years, and creating greener agriculture
MET sees below normal rains: Here are the sectors, firms likely to be hit
Rajesh •Tractors, two-wheelers, FMCG, agri inputs and banks are likely to bear the brunt of a poor monsoon.
Escorts Q3 profit declines 21% on low tractor sales
Fp Archives •Tractor maker Escorts Ltd today posted 21.66 percent decline in net profit at Rs 35.68 crore for the third quarter ended 31 December 2014, as its sales hit by downturn in the tractor segment.
M&M plans plant shut down to clear tractors' inventory
Fp Archives •Auto major Mahindra & Mahindra will shut down its tractor plants at Jaipur and Rudrapur for five days and two days, respectively, next week due to inventory pile up amidst falling sales.
M&M net profit drops 4% in Q2 on delayed monsoon
Fp Archives •Automaker Mahindra and Mahindra posted a 4 percent drop in second-quarter net profit, missing analyst estimates, after a poor and delayed monsoon hit demand for its tractors.<br />