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Mahindra’s July auto sales up 14%

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Mumbai, Aug 1 (IANS)

Mahindra’s July auto sales up 14%

Automobile manufacturer Mahindra and Mahindra (M&M) on Monday reported a rise of 14 per cent in its total sales for July.

The company sold 39,458 units during the month under review from an off-take of 34,652 units during the corresponding period of last year.

According to Pravin Shah, President and Chief Executive (Automotive), M&M, the growth is being driven by the various product launches of the last financial year, along with a strong performance in the heavy commercial vehicles (HCV) segment.

We are happy to have achieved a growth of 14 per cent during July 2016 in the midst of various regulatory challenges. The advent of a good monsoon so far, has brought in positive sentiment for the economy and that is somewhat reflected in our performance, said Shah.

With a strong performance in our company as well as our exports, we are hopeful of a positive outlook during the rest of the financial year.

For last month, the company’s domestic sales rose by 14 per cent to 35,305 units, from 31,087 units sold in July last year.

Similarly, sales of passenger vehicles (which comprise utility vehicles, cars and vans) edged higher by 20 per cent to 17,356 units, from 14,456 units during the like month of 2015.

In addition, commercial vehicles segment’s sales rose by eight percent to 13,168 units, from an off-take of 12,148 units during July 2015.

Moreover, three-wheelers’ off-take increased by seven per cent to 4,781 units from 4,483 units clocked in the like period of last year.

The company’s exports surged by 16 per cent to 4,153 units from 3,565 units shipped-out during July 2015.

Source(IANS)

 

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Mahindra Electric, Zoomcar partner to offer 100 EVs in Delhi

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Mahindra Electric Zoomcar, PC Twitter @ZoomCarIndia

New Delhi, April 10 (IANS) Mahindra Electric on Tuesday announced its partnership with self-drive rental platform Zoomcar, as part of which the electric vehicles (EV) maker will offer 100 of its e20 plus EVs on the latter’s platform in the capital.

The electric mobility arm of automobile major Mahindra & Mahindra said the agreement is aimed at promoting shared and cleaner mobility.

“Mahindra’s commitment towards electric mobility continues. Our aim is to make EVs more mass adaptable in India in public transport, shared mobility and personal vehicles,” Mahindra Electric Chief Executive Mahesh Babu told reporters here.

The EVs under the deal are financed as part of an agreement between Zoomcar and Mahindra Finance. Apart the e2o plus, Mahindra also makes the e-Verito and e-Supro model EVs. Zoomcar operates in 30 cities across India, allowing users to rent cars by the hour, day, week or month.

At the event to announce the tie-up, Niti Aayog Chief Exexcutive Amitabh Kant said a massive revolution is required to usher in shared, connected and zero waste mobility, while tackling Delhi’s air pollution is not possible without private sector collaboration.

“In Niti Aayog, we have provided charging stations as the need for the government is to ensure that there are vast number of charging stations all over and we are, in fact, moving towards having all-electric vehicles,” he said.

While launching the National E-Mobility Programme here last month, Power Minister R.K. Singh said the government will soon unveil a policy on EVs. According to officials, the policy will provide that charging EVs would be a service and not sale of electricity — which requires a licence.

The policy on electric vehicle charging stations on points along identified corridors, draft of which has been finalised by the Central Electricity Authority, would provide that the price of power for charging electric vehicles be capped at the average cost of supply in the state, excluding discom transmission and distribution losses, plus 15 percent, officials said.

This would help the tariff for charging at an economical level of below Rs 6 per unit, they added. The governments’ National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of about 6-7 million electric and hybrid vehicles in India by 2020.

The vision enunciated two years ago is for India to have 100 percent EVs by 2030.

IANS

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Audi India to hike vehicle prices

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Mumbai, March 16: Luxury car manufacturer Audi India on Friday announced a price hike of up to 4 per cent across its entire model range, effective from April 1.

According to the luxury car manufacturer, prices will be increased due to a hike in customs duty announced in the Union Budget 2018-19 and will range from Rs 100,000 to Rs 900,000.

“The increase in custom duty and introduction of Social Welfare Surcharge in lieu of an Education cess (which is higher than the erstwhile Cess) in the Union Budget made the increase in price inevitable,” said Rahil Ansari, Head, Audi India.

“We have tried to absorb the impact of the increase in Customs duty and have minimized the price hike for our customers.”

IANS

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Driving licence issuing process to become fully computerised: Gadkari

Skill Development Minister Dharmendra Pradhan said drivers’ training can save up to Rs 10,000 crore every year.

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Road Transport and Highways Minister Nitin Gadkari on Wednesday announced that the process of approving driving licences will soon be made fully computerised and there will be no human interface in granting such licences to heavy vehicle drivers in the country.

Launching the scheme for District Driving Training Centres, the minister said this will reduce the instances of bogus driving licences and will result in lesser number of accidents on the roads.

Gadkari added that at least one model driving training centre will be set up in each district with a financial assistance of up to Rs 1 crore from his ministry. The agency will invest equal amount of grant under the scheme.

“The scheme is designed with an objective of creating employment and meeting the requirement of heavy and light motor vehicle drivers in the country. It also aims at inculcating the habit of road safety, like behavioural and attitudinal changes among drivers,” a statement said.

It added that training courses will be conducted for drivers who carry dangerous and hazardous goods.

Skill Development Minister Dharmendra Pradhan said drivers’ training can save up to Rs 10,000 crore every year.

During the event, the ministers also launched a mobile app and a toll-free emergency number for highway users.

The key features of the app include provision for the user to enter road quality-related information or to report any accident or pothole on the highway. It also provides users with real-time data related to waiting time expected at toll plazas.

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