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<ul><li>The overall <keyword id="20028264" type="General" weightage="20" keywordseo="passenger-vehicle-sales" source="keywords">passenger vehicle sales</keyword> declined in September 2024, the third consecutive month to record a decline.</li><li>After a close battle in August, <keyword id="20480977" type="General" weightage="20" keywordseo="Mahindra-and-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra and Mahindra" meta.hostid="261" meta.entityid="Mahindra and Mahindra">Mahindra and Mahindra</keyword> has taken the third spot from <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword>.</li><li><keyword id="19965528" type="General" weightage="20" keywordseo="Honda" source="keywords" meta.keywordsubtype="org" meta.entityname="Honda" meta.hostid="261" meta.entityid="Honda">Honda</keyword> has recorded the highest year-on-year decline in sales.</li></ul> The Indian passenger vehicles segment reported a decline in sales for the third consecutive month in September 2024, amid reports of rising inventory at dealerships. To address the issue, Car makers have started to reduce dispatches to dealerships. The total domestic PV sales slipped to 3,58,886 vehicles in September 2024, down from 3,62,876 vehicles in September 2023, registering a 1.1% year-on-year decline. <h2>Automakers report a decline</h2><keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="261" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword>, the country’s biggest automaker took a hit in September 2024, with 1,44,962 cars sold, down from 1,50,812 cars sold in September 2023, recording a 3.88% year-on-year decline in sales. <div type="Article" hostid="261" msid="113816837" title="PM E-DRIVE scheme with ₹10,900 crore outlay announced for electric vehicles" mstype="2" mssubtype="0"></div> Despite the decline in sales, Maruti Suzuki continues to enjoy a lion’s share in the Indian auto segment, with a 40% market share. <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyundai" meta.hostid="261" meta.entityid="Hyundai">Hyundai</keyword> is next with 51,101 cars sold during September 2024, down from 54,241 cars sold in September 2023, recording a 5.79% year-on-year decline in sales. <h2>Mahindra and Mahindra overtakes Tata Motors</h2>After emerging as a close fourth in August, Mahindra and Mahindra has managed to overtake Tata Motors in September 2024. The company received a boost in sales in September 2024, with 51,062 cars sold, up from 41,267 cars sold in September 2023, recording a 23.74% year-on-year growth. Tata Motors sold 41,065 vehicles in September 2024, down from 44,850 vehicles sold in September 2023, recording an 8.44% decline in sales. Toyota takes the fifth spot with 23,802 cars sold in September 2024, up from 22,168 cars sold in September 2023, recording a 7.37% growth. <keyword id="20034542" type="General" weightage="20" keywordseo="Kia-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Kia India" meta.hostid="261" meta.entityid="Kia India">Kia India</keyword> is next with 23,523 cars sold in September 2024, up from 20,022 cars sold in September 2023, recording a 17.49% increase in sales. Honda recorded the biggest decline, with 5,675 cars sold in September 2024, down from 9,861 cars sold in September 2023, registering a 42.45% year-on-year decline in sales. MG Motor recorded an 8.3% decline in sales, with 4,588 cars sold in September 2024, down from 5,003 cars sold in September 2023. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/kia-ev9-electric-suv-launched-in-india-at-1-3-crore/slidelist/113906569.cms">Kia EV9 electric SUV launched in India at ₹1.3 crore</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-continues-to-lose-market-share-as-bajaj-auto-and-tvs-motor-gain/articleshow/113900252.cms">Ola Electric continues to lose market share as Bajaj Auto and TVS Motor gain</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-october-2024/slidelist/113809612.cms">Upcoming cars launching in India in October 2024</a>

September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors

<ul><li>The overall passenger vehicle sales reported a small increase in October 2024, after three months of decline.</li><li><keyword id="19967472" type="General" weightage="20" keywordseo="Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra" meta.hostid="261" meta.entityid="Mahindra">Mahindra</keyword> and Mahindra continue to occupy the third spot with strong <keyword id="22630242" type="General" weightage="20" keywordseo="SUV-sales" source="keywords">SUV sales</keyword>.</li><li><keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="261" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword> continues to lead the market despite a decline in sales.</li></ul> The month of October 2024 has not been the best for automakers despite the festive season in India. While the automakers managed to report a small increase in sales after three months of decline, rising inventory levels at dealerships continue to remain a concern. The domestic PV sales increased to 401,447 units in October 2024, recording a modest 1.8% growth year-on-year. <h2>Automakers report a decline</h2>Maruti Suzuki, the country’s biggest automaker took a hit in October 2024, with 1,59,591 cars sold, down from 1,68,047 cars sold in October 2023, recording a 5% year-on-year decline in sales. However, the company reported strong exports, allowing it to record its highest-ever overall monthly sales at 2,06,434 vehicles, registering a 4% year-on-year growth. The recently listed <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyundai" meta.hostid="261" meta.entityid="Hyundai">Hyundai</keyword> comes in second, with 55,568 cars sold domestically in October 2024, up from 55,128 cars sold in October 2023, recording a 0.8% growth. Similar to Maruti Suzuki, Hyundai also recorded an increase in exports. Mahindra continues to occupy the third position, with 54,504 cars sold during October 2024, up from 43,708 cars sold in October 2023, recording a 24.7% growth. The company has reported good numbers for the Scorpio, Thar ROXX and its other SUVs. <div type="Article" hostid="261" msid="114120828" title="The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?" mstype="2" mssubtype="0"></div> <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword>, which has been pushed to the fourth spot recorded a sale of 48,423 cars in October 2024 in the domestic market, down from 48,637 cars sold in October 2023, registering a 0.44% decline in sales. <keyword id="19906788" type="General" weightage="20" keywordseo="Toyota" source="keywords" meta.keywordsubtype="org" meta.entityname="Toyota" meta.hostid="261" meta.entityid="Toyota">Toyota</keyword> reported strong numbers in October 2024, selling 30,845 cars, up from 21,879 units sold in October 2023, recording a growth of 41%. This includes an export of 2,705 units. Kia India is next with 28,545 cars sold in October 2024, up from 21,941 cars sold in October 2023, recording a 30% increase in sales. Honda recorded the biggest decline, with 10,020 cars sold in October 2024, down from 13,083 cars sold in October 2023, registering a 23.4% year-on-year decline in sales. MG Motor recorded a 31% growth in sales, with 7,045 cars sold in October 2024. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-by-20-4-in-q3-2024-apple-leads-with-over-31-market-share/articleshow/114877058.cms">Worldwide tablet shipments grow by 20.4% in Q3 2024, Apple leads with over 31% market share</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-announced-with-snapdragon-8-elite-6000mah-battery-and-more/articleshow/114842638.cms">OnePlus 13 announced with Snapdragon 8 Elite, 6,000mAh battery and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-up-3-in-q3-vivo-leads-the-market/articleshow/114840345.cms">Indian smartphone shipments up 3% in Q3, Vivo leads the market</a>

October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow

<keyword id="20069374" type="General" weightage="20" keywordseo="IT-services" source="keywords">IT services</keyword> firm <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Tech Mahindra" meta.hostid="261" meta.entityid="Tech Mahindra">Tech Mahindra</keyword> on Saturday reported a more than two-fold jump in its consolidated <keyword id="19942166" type="General" weightage="20" keywordseo="net-profit" source="keywords">net profit</keyword> to Rs 1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of Rs 493.9 crore in the year-ago period, according to an exchange filing. Revenue rose by 3.49 per cent to Rs 13,313.2 crore in the second quarter of 2024-25 compared to Rs 12,863.9 crore in the same quarter of 2023-24. "Other income includes gain on sale of property of Rs 4,502 million which comprises of freehold land and its related buildings along with the furniture &amp; fixtures sold for a consideration of Rs 5,350 million, receivable over a period of four years along with interest of 8.2 per cent p.a," the company filing said. Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent. "We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. "We have focused on strengthening client relationships and expanding the partner ecosystem while maintaining a sharp focus on operational excellence through project Fortius, which has resulted in an expansion of margins for the third sequential quarter," Tech Mahindra CEO Mohit Joshi said. The CEO unveiled Project Fortius in April, a three-year plan to achieve a 15 per cent operating margin with a focus on organic growth. "This quarter we see consistent performance around increasing deal wins, <keyword id="19965932" type="General" weightage="20" keywordseo="revenue-growth" source="keywords">revenue growth</keyword>, cost optimisation and steady free cash flow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs 15 per share," Tech Mahindra CFO Rohit Anand said. The company's TCV (<keyword id="23580531" type="General" weightage="20" keywordseo="Total-Contract-Value" source="keywords">Total Contract Value</keyword>), or net new deal wins, stood at USD 603 million in the second quarter of FY25. Joshi further said the company is on the right path for a long-term sustainable transformation, with its leading indicators moving in the right direction, and its 'Scale at Speed' narrative resonating in the market. "We have invested in strengthening the capabilities in the focus service lines by broadening the leadership and investing in technical specializations. "We continue to invest in strengthening our fresher hiring program, building the right mindset and future skilling and associates, by building capabilities in AI-first and cloud-first skill sets," he told reporters. Investments shall continue in creating and sustaining an outcome-driven learning organisation and cultivating a high-performance culture based on the pillars of simplifying, clarifying, innovating and driving a high-performance orientation, he added. This year could be volatile because we are in the turnaround phase, Joshi said. "I am confident, however, that the platform is being set for a long-term, valuable franchise thanks to a high-calibre and united leadership team and a clearly articulated strategic plan," Joshi said. The Pune-headquartered firm added 6,653 employees during the quarter under review, bringing the total staff count to 1,54,273. Shares of Tech Mahindra settled at Rs 1,688 apiece on the BSE on Friday, down 0.68 per cent from the previous close. SEE ALSO:<a href="https://www.businessinsider.in/personal-finance/news/best-credit-cards-for-online-shopping-in-india/articleshow/114354358.cms" target="_blank"></a> <a href="https://www.businessinsider.in/personal-finance/news/best-credit-cards-for-online-shopping-in-india/articleshow/114354358.cms" target="_blank">Best credit cards for online shopping this festive season</a><a href="https://www.businessinsider.in/stock-market/webstories/waaree-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/114350114.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/waaree-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/114350114.cms" target="_blank">Waaree Energies IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india-in-october-2024/slidelist/114339207.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india-in-october-2024/slidelist/114339207.cms" target="_blank">Best smartphones under ₹25,000 in India in October 2024</a>

Tech Mahindra profit jumps over 2-times to ₹1,250 crore in Jul-Sep quarter

<ul><li>There has been a decline in vehicle sales in July 2024.</li><li>Companies like <keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="261" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword>, <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyundai" meta.hostid="261" meta.entityid="Hyundai">Hyundai</keyword> and <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> have reported a decline in sales.</li><li><keyword id="20480977" type="General" weightage="20" keywordseo="Mahindra-and-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra and Mahindra" meta.hostid="261" meta.entityid="Mahindra and Mahindra">Mahindra and Mahindra</keyword> and Kia on the other hand have reported an increase in sales.</li></ul> The month of July 2024 could have been better for <keyword id="19962336" type="General" weightage="20" keywordseo="automakers" source="keywords">automakers</keyword>, with most companies reporting a decline in sales compared to July 2023. India’s biggest automakers, such as Maruti Suzuki, Hyundai and Tata Motors have all reported a decline in <keyword id="47168" type="General" weightage="20" keywordseo="car-sales" source="Orion">car sales</keyword>. Maruti Suzuki continued to lead the Indian car market despite the decline in sales, with Hyundai and Tata Motors occupying the second and third spots respectively. <h2>Maruti Suzuki reports a nearly 10% decline</h2>Maruti Suzuki said its total domestic passenger vehicle sales stood at 1,37,463 units in July 2024, compared to 1,52,126 vehicles in July 2023, a decline of down 9.64%. <div type="Article" hostid="261" msid="112216733" title="Akums Drugs IPO allotment – How to check allotment, IPO GMP, listing date and more" mstype="2" mssubtype="0"></div> The company's sales of mini-segment cars, such as the Alto and S-Presso, were higher at 9,960 vehicles in July 2024 compared to 9,590 vehicles in July 2023. Sales of compact cars consisting of Baleno, Celerio, Dzire, Ignis, Swift and WagonR were lower at 58,682 vehicles last month compared to 67,102 vehicles in July 2023. Hyundai, which occupies the second spot this month sold 49,013 cars, down from 50,701 cars sold in July 2023, recording a 3% decline in sales. Tata Motors sold 44,725 vehicles in July 2024 as compared to 47,628 units sold in July 2023, recording a 6.1% decline in sales. Mahindra and Mahindra reported a 15% increase in passenger vehicle sales in the domestic market to 41,623 vehicles in July 2024 compared to 36,205 vehicles in July 2023. Kia reported a 2.5% increase in sales with 20,507 cars sold in July 2024, up from 20,002 units sold in July 2023. Honda Cars reported a 5% decline in sales, with 4,624 vehicles shipped in July 2024, down from 4,864 units shipped in July 2023. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/akums-drugs-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112216733.cms">Akums Drugs IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/global-smartphone-market-records-8-growth-in-q2-2024-samsung-takes-the-top-spot/articleshow/112223188.cms">Global smartphone market records 8% growth in Q2 2024, Samsung takes the top spot</a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms">Ola Electric IPO – Price band to risk factors, all you need to know</a>

Maruti Suzuki, Tata Motors, Hyundai and other automakers report a decline in sales in July 2024

New Delhi, Realty firm <keyword id="143494" type="General" weightage="20" keywordseo="Mahindra-Lifespace" source="Orion">Mahindra Lifespace</keyword> Developers Ltd on Friday reported a consolidated net loss of Rs 18.93 crore for the second quarter ended September on lower income. Its net loss stood at Rs 7.51 crore in the year-ago period. Total income declined to Rs 25.7 crore during the July-September period of the 2023-24 financial year from Rs 73.82 crore in the corresponding period of the previous year, according to a regulatory filing. Mahindra Lifespace is the real estate and infrastructure development arm of the business conglomerate Mahindra Group. On the operational front, the company said it achieved pre-sales of Rs 455 crore in residential business. It launched 0.47 million square feet of saleable area at Tathawade Phase 3 in Pune. The company collected Rs 311 crore in residential business. Mahindra Lifespace achieved land leasing of 9.9 acres in the industrial business for Rs 32.2 crore. The company's development footprint spans 34.46 million square feet of completed, ongoing, and forthcoming residential projects across seven Indian cities. It has over 5,000 acres of ongoing and forthcoming projects under development and management at its integrated developments and industrial clusters across four locations.

Mahindra Lifespace posts nearly Rs 19 crore loss in September quarter

<keyword id="19993913" type="General" weightage="20" keywordseo="Mahindra-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra &amp; Mahindra" meta.hostid="261" meta.entityid="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</keyword> on Thursday reported a 4 per cent increase in consolidated profit after tax (PAT) to Rs 2,754 crore for the March quarter, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated PAT of Rs 2,637 crore in the January-March quarter of the 2022-23 fiscal, <keyword id="19981454" type="General" weightage="20" keywordseo="mm" source="keywords">M&amp;M</keyword> said in a regulatory filing. <keyword id="19945274" type="General" weightage="20" keywordseo="revenue" source="keywords">Revenue</keyword> increased to Rs 35,452 crore in the fourth quarter, registering a growth of 9 per cent, as compared to Rs 32,456 crore in the corresponding period a year ago, it added. For the year full year ended March 31, the company posted a consolidated <keyword id="19942166" type="General" weightage="20" keywordseo="net-profit" source="keywords">net profit</keyword> of Rs 11,269 crore as against Rs 9,025 crore in FY23, an increase of 25 per cent. Revenue rose 15 per cent to Rs 1,39,078 crore in the last fiscal as compared with Rs 1,21,362 crore in FY23. "It has been an excellent year with most of our businesses delivering a high level of performance. Auto continued its high growth trajectory, Farm gained share in a tough market and <keyword id="20085620" type="General" weightage="20" keywordseo="Mahindra-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra Finance" meta.hostid="261" meta.entityid="Mahindra Finance">Mahindra Finance</keyword> delivered on asset quality," M&amp;M Managing Director &amp; CEO Anish Shah said. TechM was a weak spot, the turnaround has commenced with the new organisation in place, he added. The company said its board has approved a dividend of Rs 21.10 per share of the face value of Rs 5 each. Shares of the company were trading flat at Rs 2,302.80 apiece on the BSE.

Mahindra Q4 net profit rises 4% to Rs 2,754 crore; Revenue at Rs 35,452 crore

<ul><li><keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="261" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword> continues to lead the <keyword id="21502158" type="General" weightage="20" keywordseo="Indian-car-market" source="keywords">Indian car market</keyword>, with 1,44,002 cars sold in May 2024.</li><li><keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords">Hyundai</keyword> and <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> continue to battle for the second spot, with Hyundai taking the lead.</li><li><keyword id="19993913" type="General" weightage="20" keywordseo="Mahindra-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra &amp; Mahindra" meta.hostid="261" meta.entityid="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</keyword> and Toyota recorded a good increase in <keyword id="20030262" type="General" weightage="20" keywordseo="car-sales" source="keywords">car sales</keyword> in May 2024.</li></ul>Hyundai Motor India and Tata Motors continued to battle for the second spot in the Indian auto market in May 2024 as car sales reported a modest 4% growth amid the Lok Sabha 2024 elections. Maruti Suzuki continued to lead the Indian car market, occupying over 40% of the market. The total car shipments in May 2024 stood at 3,50,257, up from 3,35,436 in May 2023, a growth of 4%. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki leads the market with a comfortable margin" comment="subhead" text="Maruti Suzuki leads the market with a comfortable margin">Maruti Suzuki leads the market with a comfortable margin</cmsannotation> Maruti Suzuki continued to lead the Indian car market, with 1,44,002 cars sold during May 2024, up from 1,43,708 cars shipped in May 2023, recording just 0.2% increase. The company exported 17,367 units during this period, down from 26,477 cars exported in May 2023, registering a 34.4% decline. Out of the company’s total domestic shipments, over a third have come from SUVs. The company shipped 54,204 SUVs in May 2024, up from 46,243 SUVs shipped in May 2023, registering a 17% growth. <cmsannotation type="cmsannotation" annotationid="Hyundai takes the second spot" comment="subhead" text="Hyundai takes the second spot">Hyundai takes the second spot</cmsannotation> Hyundai Motor India occupied the second spot with 49,151 cars shipped in May 2024, up from 48,601 cars shipped in May 2023, recording a 1% shipment growth. The Hyundai Creta emerged as the company’s most popular car, with 14,662 units shipped during the month. SUVs were responsible for 67% of the company’s total PV sales in May 2024. The company recorded a 31% increase in exports, shipping 14,400 cars, up from 11,000 shipped in May 2023. <cmsannotation type="cmsannotation" annotationid="Tata Motors comes a close third" comment="subhead" text="Tata Motors comes a close third">Tata Motors comes a close third</cmsannotation> Tata Motors has come a close third, with 46,697 cars shipped during May 2024, up from 45,878 cars sold in May 2023, recording a 2% growth. Out of this, 5,558 cars sold were electric vehicles, registering a 4% year-on-year decline from 5,805 EVs sold in May 2023. The company’s exports have increased by 257% to 386 cars during May 2024. <cmsannotation type="cmsannotation" annotationid="Mahindra &amp; Mahindra" comment="subhead" text="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</cmsannotation> Mahindra &amp; Mahindra recorded a 31% increase in car sales in May 2024, selling 43,218 cars, up from 32,886 cars shipped in May 2023. The company's entire sales are in the form of SUVs, including the recently launched Mahindra XUV 3XO. <cmsannotation type="cmsannotation" annotationid="Toyota reports an increase while MG Motor declines" comment="subhead" text="Toyota reports an increase while MG Motor declines">Toyota reports an increase while MG Motor declines</cmsannotation> Toyota reported a 24% increase in shipments, with 25,273 cars shipped in May 2024, up from 20,410 units shipped in May 2023, recording a 24% year-on-year growth. On the other hand, MG Motor reported a 5% decline in car sales with 4,769 vehicles sold in May 2024, down from 5,006 vehicles in May 2023. 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May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%

Shares of state-owned behemoth Life Insurance Corporation (<keyword id="19903588" type="General" weightage="20" keywordseo="LIC" source="keywords">LIC</keyword>) have outperformed rivals like <keyword id="20079495" type="General" weightage="20" keywordseo="HDFC-Life" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Life" meta.hostid="261" meta.entityid="HDFC Life">HDFC Life</keyword> and <keyword id="21278696" type="General" weightage="20" keywordseo="ICICI-Prudential-Life" source="keywords">ICICI Prudential Life</keyword>, as it placed bets on India's growth sectors, including infrastructure, while the private sector concentrated its bets on tech, consumer and consumer-related <keyword id="19910880" type="General" weightage="20" keywordseo="BFSI" source="keywords">BFSI</keyword> companies. LIC's stock has gained nearly 79% from Rs 620 on June 18, 2023, to Rs 1,109.15 at the closing on Tuesday, according to stock exchange data. In contrast, HDFC Life gave a negative return with Tuesday's closing price of Rs 646.55 on the BSE as compared to Rs 666.55 a year back. ICICI Prudential Life Insurance Co delivered a return of 12%, considering its stock price rise from Rs 582 on June 18, 2023, to Rs 654.10 on June 16, 2024. Over the past one year, <keyword id="19898108" type="General" weightage="20" keywordseo="SBI" source="keywords">SBI</keyword> Life Insurance shares have risen from Rs 1,314 to Rs 1,621.20, delivering a return of 23%. Capital market analysts said <keyword id="19935977" type="General" weightage="20" keywordseo="insurance-companies" source="keywords">insurance companies</keyword> make money in two ways - charging premiums for policies and then investing the premiums into assets. It is the latter that generates the bigger delta in profits, thus impacting value creation and managing risks. Global majors, including Warren Buffet-owned Berkshire Hathaway, have been successful due to their ability to make superior investments. Most Indian insurance companies are yet to capitalise on the emergence of the country's <keyword id="19997284" type="General" weightage="100" keywordseo="infrastructure-sector" source="keywords">infrastructure sector</keyword>, analysts said. Indian insurance companies have concentrated investments in the BFSI, IT, and consumer sectors - all of which have been underperformers in the recent past. Only 8-10% of their investments are in the infrastructure sector. This is far less when compared to global standards. Large global insurance companies -- such as Allianz, Nippon Life Insurance, and Metlife, and other insurers like Berkshire Hathaway -- have much larger exposure ranging from 15 to 30% to the infrastructure sector, analysts noted. Over the past few years, global insurers have been increasingly considering infrastructure investments as 'core' investments as the stable and long-term cash flows of infrastructure assets naturally align with the liabilities of insurers. Additionally, infrastructure assets have defensive characteristics of high barriers to entry, strong pricing power, structural growth, and predictive cash flows, and listed infrastructure can provide investors with inflation-protected income and solid capital growth. <h2>Infra sector outperforming all</h2>For India, a strong government focus on the sector with large spending, supporting initiatives and encouraging policies, and improving governance has helped the infrastructure industry has come of age. This has helped the infra sector to outperform all other sectors, according to analysts. They said the high focus on retail loans, and the strategic reluctance to look at infrastructure for growth opportunities is proving detrimental for the shareholders of such companies. SBI, with its higher exposure to the infrastructure sector, has seen its stock gain 48% in the year (from Rs 592 to Rs 880.95 on Tuesday), while those of its private counterparts HDFC Bank, Kotak Mahindra Bank, ICICI Bank and Axis Bank have gained only in the range of (-)3%to 24%. Kotak and HDFC Banks with negligible exposure to the infrastructure sector are the worst performing, with their shares giving a negative return, stock exchange data showed. Kotak Mahindra Bank shares were at Rs 1,895 on June 18, 2023, and closed at Rs 1,805.20 on Tuesday. HDFC Bank closed at Rs 1,619.20 on BSE on Tuesday, down from Rs 1,679 a year back.

You Searched For "Mahindra company" and got 8 results

September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors

Sourabh Jain

October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow

Sourabh Jain

Tech Mahindra profit jumps over 2-times to ₹1,250 crore in Jul-Sep quarter

PTI

Maruti Suzuki, Tata Motors, Hyundai and other automakers report a decline in sales in July 2024

Sourabh Jain

Mahindra Lifespace posts nearly Rs 19 crore loss in September quarter

PTI

Mahindra Q4 net profit rises 4% to Rs 2,754 crore; Revenue at Rs 35,452 crore

PTI

May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%

Sourabh Jain

Exposure to India's infra sector helps LIC, SBI outshine peers

PTI

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