To sheer delight of all Mahindra and Mahindra(M&M) car owners, the company will soon equip all its existing and upcoming products with the Android Auto. Android Auto offers better automobile infrastructure with GPS, music, navigation, SMS and web search.

The new infotainment system will soon be installed in Mahindra Scorpio, Mahindra TUV300 and the entry-level Mahindra KUV100.

New Delhi: Mahindra and Mahindra group on Friday said it will exit from its China joint venture for tractor business, Mahindra Yueda Yancheng Tractor Company, by selling entire stake for RMB 82 million (nearly Rs80 crore). The Indian conglomerate has plans to independently operate in China.

Mahindra and Mahindra holds 51% stake in the Chinese JV through its wholly owned subsidiary Mahindra Overseas Investment Company (Mauritius) Limited.

Mahindra & Mahindra (M&M) has indicated that among all its segment in the automobile sector, electric vehicle (EV) is going to be the most focused one going ahead. As part of its plan, the company will soon power some of its new and existing vehicles with the EV technologies sourced from its subsidiary Mahindra Electrics.

Pawan Goenka, managing director, M&M, said that the company will put efforts in turning around the products which are not doing well and will launch new products in all the segments it operates in. “However, EVs will get the most focus in comparison to all the other segments,” Goenka said.

Mumbai: Mahindra and Mahindra Ltd on Friday posted a bigger-than-estimated 20% decline in June quarter net profit as passenger car sales slowed ahead of the transition to the goods and services tax (GST) in July, countering a jump in tractor sales that indicate a revival in rural demand.

The maker of Shaktimaan tractors and Scorpio utility vehicles (UVs) said profit fell to Rs765 crore in the three months, compared with Rs961 crore a year earlier. Profit would have been higher by Rs96 crore but for the impact of GST, it said.

Homegrown utility vehicles (UV) maker Mahindra & Mahindra (M&M) has some new vehicle launches in the pipeline that may help the company to regain its market share. According to the company, a vehicle codenamed U321 MPV is scheduled for launch this year. Other news reports suggest that the company will be launching two more new UVs by the end of this financial year.

The U321 will be positioned below XUV 5OO in their product line up, and is expected to compete with the likes of Tata Hexa and Toyota Innova. The car is likely to use the same engines that power the XUV 5OO. Second, Mahindra is planning to launch a sports utility vehicle (SUV) based on Tivoli platform to rival the likes of premium SUVs like Toyota Fortuner and Ford Endeavour.

Home-grown auto major Mahindra & Mahindra on Thursday launched passenger carrier small commercial vehicle, Jeeto Minivan, starting at Rs 3.45 lakh (ex-showroom Mumbai, BS IV diesel variant).

The Jeeto Minivan will be available in diesel, petrol and CNG engine options, the company said in a statement.

Mahindra & Mahindra has raised concerns over the increase in road tax on vehicles by the Maharashtra government saying it would negate the price cuts on vehicles following the rollout of goods and services tax (GST).Pawan Goenka, managing director, M&M, said, “One small concern that I have is the state road tax going up in one of the states (Maharashtra) right now and I hope that does not become the norm because then the price cut (post-GST) on vehicles will get negated.”

The automobile industry will see growth in the short term, driven partly by price reduction and restoration of normal inventory levels at dealerships as the transition to GST has been surprisingly smooth, M&M Managing Director Pawan Goenka said today.

However, with the GST Council firm on high tax rate for hybrid vehicles, auto companies which had big plans for this category will have to rethink their strategy, he added.

M&M’s tractors may not be as visible as its sports utility vehicles (SUVs) which vroom on Indian roads, but it is the tractor that is driving the auto major’s profitability while being a smaller contributor to revenues. As things stand this year, tractors could further expand its share in both revenue and profitability. This is because tractor sales, driven by prospects of a normal monsoon, have grown at 11 per cent this year against a decline in passenger vehicle sales.

The company’s profit before tax from the farm equipment segment (primarily tractors) rose 31 per cent last year to Rs 2,562 crore while the same from automotive (SUVs & commercial vehicles) declined over 17 per cent to Rs 2,162 crore. Automotive segment’s profit before tax was higher at Rs 2,623 crore in FY16 when farm clocked PBT of Rs 1,956 crore.

Mahindra FirstChoice Wheels Ltd, the used car arm of the Mahindra group, plans to expand its sales network and double sales in fiscal 2018 as it expects robust demand for pre-owned vehicles on the back of strong new car sales, chief executive Nagendra Palle said.

The company, which sold 225,000 used cars in the year ended 31 March, expects to double the volume to 550,000 by the end of the current fiscal year, Palle said in an interview on Wednesday.

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