Stay updated on the latest developments in the automotive industry with HT Auto. Mahindra teases the interior of their upcoming BE 6e and XEV 9e models, showcasing dual and triple screen layouts, panoramic sunroofs, and advanced safety features. Maruti Suzuki’s 2024 Dzire achieves a perfect 5-star rating in the Global NCAP crash test, setting a…
Escorts Kubota reported a higher-than-expected profit in the second quarter, with a standalone net profit of 3.27 billion rupees. Revenue increased slightly to 24.76 billion rupees, while expenses also rose. Domestic sales improved by 0.3%, with strong growth in the agricultural machinery segment offsetting weaknesses in other areas. The company also benefited from a deferred…
Mahindra Farm Equipment, a part of Mahindra and Mahindra’s agriculture industry arm, expects 6-6.8% growth for FY 2025. The company showcased prototypes of alternative fuel tractors such as CNG, CBG, and LNG but is not looking to launch electric tractors. Despite global challenges, the company maintained its position as India’s largest tractor manufacturer with a…
Sonalika Tractors, a leading tractor export brand in India, achieved its highest-ever monthly sales record in October 2024 by selling 20,056 tractors. This success was attributed to their customer-centric approach, wide dealership network, and commitment to providing high-quality, regionally customized tractors. The company’s focus on offering reliable and tailored solutions has established it as a…
Honda reported strong sales growth in October, selling a total of 5,97,711 units, marking a 21 per cent increase over the same period last year. Domestic sales were up by 20 per cent, while exports also saw a significant 48 per cent rise. The company has sold a total of 37,56,088 units so far in…
Stellantis, the carmaker behind brands like Jeep, Peugeot, and Fiat, faced challenges in the global car market and increased competition from China, leading to a revised operating margin forecast for 2024. Sales fell 27% in the third quarter, with difficulties in North America and Europe. Despite lower vehicle deliveries and revenue drops in North America,…
AutoNxt has introduced India’s first electric tractor, aiming to revolutionize the future of farming and other industries. The tractor was officially launched at an event attended by industry leaders and members of the local farming community. The electric tractor offers impressive capabilities such as transporting goods, performing various tasks, and covering a good distance on…
Sonalika Tractors has achieved a significant milestone by setting a new performance benchmark with its highest ever domestic year-to-date sales of 63,136 tractors. The company’s ‘Make-in-India’ initiative has drawn global attention to the quality of manufacturing in India, making Sonalika a key player in the tractor industry. To further support farmers, Sonalika has launched its…
Several companies in India are working to electrify the off-road transport sector, particularly in the agriculture industry. The Government of India has introduced various schemes to boost electric vehicle adoption in the country. While the trend of electrification is growing, the agriculture sector faces challenges in adopting electric tractors. Industry experts believe that with technological…
Swaraj Tractors, a Mahindra Group company, has introduced the Target 625 model in both 4WD and 2WD options, aiming to revolutionize the lightweight tractor segment. This model is designed for progressive farmers, offering powerful performance, advanced technology, and versatility for various agricultural tasks. The 2WD variant of the Target 625 is particularly beneficial for farmers…