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Opens sixth Jawa showroom with Gautam Motorcycles establishing new dealer outlet at Malakpet
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A rice transplanter is a specialised machine to transplant paddy seedlings into paddy fields, to ensure uniform transplanting, which helps to increase yield, labour and time saving as compared to manual transplanting.
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The Mumbai-based company, along with its subsidiary in the automotive sector Mahindra Vehicular Manufacturers Ltd, had reported a net loss of Rs 3,255 crore for the January-March quarter of 2019-20 fiscal.
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The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis.
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The company said it will insure a customers' loan under 'Mahindra Loan Suraksha' in case of loss of life.
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The Mumbai-based auto major had dispatched 40,403 units to dealers in March this year. It had zero sales in the domestic market in April last year due to nationwide lockdown due to Covid-19.
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Elaborating the reasons for the closure, it said, "the Maruti Suzuki business for model 'Gypsy' was discontinued due to demerger of seating business of the company."
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It added that simplifying the structure will drive improvements through innovation, execution excellence, efficiencies and economies of scale.
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Likewise, the NSE Nifty climbed 157.55 points or 1.07 per cent to settle at 14,919.10, extending gains to a second day.
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Around 10.15 a.m., Sensex was trading at 47,986.84, lower by 189.96 points or 0.39 per cent from its previous close of 48,176.80.
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The outcome of the votes was seen as a foregone conclusion, coming two weeks after the European Commission gave conditional approval to the deal announced in late 2019.
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M&M said the decision will not have any impact on its product plan but will enable it to focus on the core business of SUVs and also develop electric vehicles
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"Effective January 2021, Volkswagen India announces a price revision of up to 2.5 per cent across the Polo and Vento models in lieu to the rising input costs," a spokesperosn of Volkswagen Passenger Cars India said in a statement.
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The proposed price increase will be effective from January 2021.
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Around 10.25 a.m., Sensex was trading at 46,206.80, higher by 200.11 points or 0.43 per cent from its previous close of 46,006.69.
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In a regulatory filing, M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models.
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The new series of tractors will bring incremental investments of Rs 100 crore into the facility and double employment by 2024
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The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period this year
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Krish-e provides technology driven services inlcuding agronomy advisory, access to advanced farm equipment rentals and precision farming solutions to farmers
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Deliveries will commence from next month. The company in a release said a majority (57 per cent) of the buyers of Thar are the first-time car customers.
