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New Delhi [India], November 29: The SUV segment is witnessing tremendous growth in India. Attractive designs, feature-loaded cabins, higher ground clearance for broken roads, and butch road presence are some of the reasons behind the surging popularity of SUVs. Mahindra &amp; Mahindra, with its strong SUV heritage, currently has three of the hottest-selling SUV models in its portfolio - the <keyword id="6871125" type="General" weightage="20" keywordseo="xuv700" source="Orion">XUV700</keyword>, <keyword id="177599" type="General" weightage="20" keywordseo="thar" source="Orion">Thar</keyword>, and <keyword id="13987144" type="General" weightage="20" keywordseo="scorpio-n" source="Orion">Scorpio N</keyword>. Owing to the high demand from customers, these vehicles command waiting periods ranging from 3 months to as long as 16 months! Mahindra XUV700: Up to 9 Months Waiting The XUV700, launched in 2021, is Mahindra's new flagship SUV. With its aggressive styling, premium interiors, potent engine options and generous features, the XUV700 has struck a chord with Indian SUV buyers. Pricing &amp; Positioning The XUV700 is a midsize SUV priced from Rs 14.03 lakhs to Rs 26.57 lakhs (ex-showroom). It competes primarily with 5/7-seater SUVs like Tata Safari, MG Hector Plus, Hyundai Alcazar and Skoda Kodiaq. Design &amp; Engineering The XUV700 has a bold and muscular exterior profile accentuated by the sleek LED headlamps integrated with the grille. The interior follows a black and beige dual-tone theme with soft-touch materials and premium finishes. Underpinning the SUV is a monocoque chassis made using high-tensile steel for rigidity and safety. Variants &amp; Colour Options It is offered in 2 broad trims - MX and AdrenoX (AX), comprising AX3, AX5 and AX7 variants. Colour options include Everest White, Midnight Black, Dazzling Silver, Red Rage and Electric Blue. Engine, Transmission &amp; Mileage The XUV700 lets buyers choose between two powerful engine options - a 2.0-liter turbocharged petrol and a 2.2-liter diesel motor. The petrol engine churns out 200 horsepower while the oil burner produces 185 horses. Both engines come mated to 6-speed manual as well as automatic transmissions. The top-end AX7 diesel variant also offers an optional all-wheel drive system for enhanced grip and control. In terms of fuel efficiency, the official ARAI testing claims the XUV700 delivers anywhere between 16-20 km/litre, depending on the exact variant you pick. Interior, Comfort &amp; Safety Features The XUV700's cabin offers an expansive space and a long list of features. It gets a large 10.25-inch touchscreen, panoramic sunroof, 7-inch digital driver display, connected car features, 6-way powered driver seat, dual-zone climate control, 12-speaker Sony sound system and more. Safety is comprehensively addressed with up to 7 airbags, ABS with EBD, ESP, hill-hold control, tyre pressure monitoring system and ADAS tech. The ADAS suite includes adaptive cruise control, autonomous emergency braking, lane departure warning, blind-view monitoring and more. Why is it in High Demand? The XUV700 strikes an excellent balance between features, performance and price. The SUV looks ultra-modern, offers a premium connected car experience at par with cars from higher segments, provides spirited performance, and focuses on safety. Attractive pricing has sealed the deal for buyers as the XUV700 offers terrific value. Mahindra Thar: 15-16 Months Waiting Period The new 2nd generation Thar went on sale in 2020. With its iconic retro design, unrivalled off-roadability and modern creature comforts, the SUV has become a hot seller, with waiting times extending to 15-16 months. Pricing &amp; Positioning The new Thar is priced from Rs 10.98 lakhs to Rs 16.94 lakhs (ex-showroom). It fills the slot of an affordable compact off-road SUV, similar to Force Gurkha. Design &amp; Engineering The new Thar carries forward the charm of the original Thar with its boxy profile, round headlamps and removable doors/roof. The interiors now get a major upgrade with touchscreen infotainment, steering-mounted controls, rear parking sensors, remote key and more. It retains rugged mechanics like a 4WD drivetrain, mechanical locking differentials, low-range gearbox and high ground clearance. Variants, Colors &amp; Seating Options It is offered in AX(O) and LX variants with a choice of 6 colours and a 4-seater configuration. Engine, Transmission &amp; Mileage Engine options include - 1.5L diesel, 2.0L turbo petrol and 2.2L diesel. Gearbox choices for these motors are 6-speed manual and automatic. ARAI mileage ranges from 15-18 km/l. Interior, Comfort &amp; Safety Features The cabin now features a 7-inch touchscreen, power windows, remote keyless entry, rear parking sensors, tilt adjustable steering and more. Safety is taken care of by dual airbags, ABS with EBD, rear parking sensors, seat belt reminders and more. Why is it Popular? The Thar blends iconic design, excellent off-road hardware, and modern comfort &amp; convenience features. Its capabilities to conquer rough terrain are unparalleled in its price range. The new Thar offers a unique driving experience - open-air motoring with the wind in your hair! Mahindra Scorpio N: Up to 11 Months Waiting Period The "Big Daddy of SUVs," the all-new 3rd generation Scorpio N, is the latest addition to Mahindra's SUV portfolio. Launched in 2022, the SUV has received a strong response, with bookings exceeding 1 lakh units, resulting in waiting periods of up to 11 months. Pricing &amp; Positioning The Scorpio N is positioned as an affordable 7-seater midsize SUV with prices ranging from Rs 13.26 lakhs to Rs 24.54 lakhs (ex-showroom). It rivals the MG Hector, Tata Harrier and Kia Seltos. Design &amp; Engineering The Scorpio N sports a radical design overhaul inside and out. The sophisticated new styling is complemented by a high-quality cabin loaded with features. Underpinning it is an advanced new 3rd generation body-on-frame platform. Variants, Colors &amp; Seating Options It is sold in Z2, Z4, Z6 and Z8 variants. Dual-tone colour themes are available across variants. Choice of 6 or 7-seater layouts. Engine, Transmission &amp; Mileage The Scorpio N lets you pick between two powertrain options - a 2.2-litre diesel engine and a 2.0-litre turbo-petrol motor. The oil burner churns out 132 PS of peak power while the turbo-petrol generates a healthy 203 horses. Both these engines come mated to 6-speed manual as well as automatic gearbox options. So whether you prefer self-shifting or the convenience of an auto, the Scorpio N has got you covered. In terms of efficiency, Mahindra claims the SUV can deliver up to 18 km/l as per ARAI tests. Real-world mileage is likely to be in the 12-15 km/l ballpark, which is quite respectable for this class of vehicle. Interior, Comfort and Safety Features The feature-loaded cabin gets an 8-inch touchscreen, UVO-connected car tech, 12-speaker Sony sound system, dual-zone climate control, 6-way powered driver seat, panoramic sunroof and more. The safety kit consists of 6 airbags, ABS with EBD, hill descent control, rear parking camera, TPMS and more. Higher variants also add on ADAS tech. Why is it in demand? The Scorpio N impresses with its striking new design, premium interiors, powerful engine performance and extensive features. Generous space for seven adults, strong build quality, and Mahindra's trusted brand name further attract buyers. The Bottom Line Attractive pricing, modern designs and extensive feature lists make the XUV700, Thar and Scorpio N a hit among SUV buyers. As a result, customers are facing long waiting periods of 3 to 16 months, depending on the chosen model and variant. However, the lengthy wait is well worth it, considering the excellent package Mahindra has put together with these new-age SUVs. (ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. will not be responsible in any way for the content of the same)

Thar, Xuv700, Scorpio N are the Mahindra's highest waiting cars

<ul><li>Mahindra’s latest car offering is slated to go on sale from October 2.</li><li>The carmaker has unveiled every detail about the SUV except the price. </li><li>Here’s a quick comparison between the old Thar and the <keyword id="4251345" type="PERSON" weightage="20" keywordseo="New-Thar">new Thar</keyword></li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Ending a long wait, Mahindra and Mahindra, unveiled its <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">next-gen Thar SUV</a> on Saturday. The car is slated to go on sale from October 2, and the carmaker has given out every detail about the SUV except the price. The <keyword id="7599146" type="UNKNOWN" weightage="20" keywordseo="mahindra-thar-2020">Mahindra Thar 2020</keyword> has more features and upgraded design than its predecessor, which was launched in 2010. Here’s a quick comparison between the old Thar and the new Thar Design of new Mahindra Thar vs old Thar The new model retains first-gen iconic front-end with a new distinctive front grille flanked by classic round headlamps. The <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">all-new Mahindra Thar SUV</a> also comes with a new front bumper, 18-inch alloy wheels, new tail lights with LED signature, split tailgate, and option to choose between a hardtop, manual convertible top, and a fixed soft top. The new SUV also has the option of front-facing seats on the top model. All of this wasn’t available in the older version. Features in new Mahindra Thar vs old Thar <div type="image" title="thar-dashboard-interior" msid="77589420" hostid="261"></div> The new Thar is more technologically advanced than the first-gen Thar. The older version of Thar had all basic features such as AC, music system, an analogue speedometer and a tachometer with a small display. However, the new Thar offers all upgraded features such as roof-mounted speakers, bigger touchscreen infotainment system, cruise control, tyretronics, automatic AC and height-adjustable driver seats, etc. Safety aspects in new Mahindra Thar vs old Thar The older version of Mahindra Thar was discontinued in 2019 as the car was not compliant with the mandatory safety norms. But the new Thar 2020 comes with improved safety provisions such as dual front airbags, Anti-lock braking system (ABS) with Electronic brakeforce distribution, Electronic Stability Program with roll-over mitigation, etc. The specifications in new Mahindra Thar vs old Thar Ditching its older 2.5-litre CRDe four-cylinder, turbocharged diesel motor, the new Thar now offers two engine options for the first time — a mStallion150 petrol engine and mHawk130 diesel engine, along with 6-speed automatic and manual transmission options. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/mahindra-thar-2020-price-pictures-launch-date-specifications/slidelist/77560475.cms" data-type="tilCustomLink"> Inside pics of the new Mahindra Thar 2020 — The next-gen SUV</a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-and-mahindra-next-gen-model-of-thar-2020-unveilied-heres-what-to-watch-out-for/articleshow/77558532.cms" data-type="tilCustomLink">Mahindra Thar 2020 is set to make a market debut today— here’s what to watch out for</a>

Mahindra Thar 2020 compared to the older version of the iconic offroader

<ul><li>Mahindra is all set to unveil its much-anticipated SUV, Thar 2020 today.</li><li>The next-gen model of Thar 2020 will offer more comfort and convenience, apart from its par excellence driving capabilities. </li><li>It will be unveiled through a live webcast on the official Mahindra Thar website, and its social media handles at 11:00 am.</li></ul>Mahindra &amp; Mahindra is all set to unveil its much-anticipated SUV, Thar 2020 on the 74th Independence Day of India. First launched in India back in 2010, Thar has been a highly-anticipated car in the fleet of Mahindra’s. The company is now launching a next-gen model Thar with more comfort and convenience, apart from its par excellence driving capabilities. The car will be more suited for daily driving conditions with no compromise on its capabilities to tame the wild. The all-new Thar will be unveiled through a live webcast on the official Mahindra Thar website, and its social media handles at 11:00 am. You can also view the live here: <div type="Youtube" id="C6KaNzue76M" title="The All-New THAR Reveal" thumbUrl="https://i.ytimg.com/vi/C6KaNzue76M/mqdefault_live.jpg"></div> The launch was expected much earlier in the market this year. However, it was delayed due to the owning pandemic. Here’s what to watch out for in <keyword id="7599146" type="UNKNOWN" weightage="20" keywordseo="mahindra-thar-2020">Mahindra Thar 2020</keyword>: <ul><li>Although the Thar will maintain its wild sporty look, the SUV will come with plenty of modern upgrades such as slightly compact seven-slat grille, raised front fenders, new taillights, refreshed front bumper, and modified design of its large alloy wheels.</li><li>The all-new Mahindra Thar will be well equipped with modern technological upgrades and features. This will include a semi-digital instrument panel with a bigger MID, touchscreen infotainment along with Android Auto and Apple CarPlay support, roof-mounted speakers, and automatic AC, etc.</li><li>For safety purposes, the Thar 2020 will also be equipped with dual front airbags, Anti-lock braking system (ABS) with Electronic brakeforce distribution and reverse parking camera, etc. Its forward-facing rear seats will add to its safety and comfort.</li><li>The Mahindra Thar 2020 will be available with a petrol engine for the first time along with a BS6-compliant 2.2-litre diesel engine.</li><li>The car’s base variant is expected to be priced over<a href="https://www.zigwheels.com/news-features/news/2020-mahindra-thar-india-debut-tomorrow-engines-specifications-features-variants-expected-price/39441/"> ₹10-lakh</a>, and it will rival against the Force Gurkha and the upcoming Maruti Suzuki Jimny.</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/checkout-the-top-discounts-available-on-cars-in-august-2020/articleshow/77476649.cms" data-type="tilCustomLink">Check out the latest discounts on Tata, Maruti, Hyundai, Mahindra, and Honda cars in August 2020</a> <a href="https://www.businessinsider.in/business/auto/news/july-vehicle-registration-data-and-indian-automobile-manufacturers-target-price-for-shares/articleshow/77463688.cms" data-type="tilCustomLink">Vehicle registrations fall 36% in July, retail sales remain a worry — festive season fuels the recovery hopes</a>

Mahindra Thar 2020 is set to make a market debut today— here’s what to watch out for

Automobile major <keyword id="6357096" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> has reported that bookings for 'All-New Thar' SUV has now crossed 15,000 bookings, since its launch on October 2, 2020. "Today 57 per cent of all buyers of the All-New Thar are first time car buyers and a significantly large share of all bookings are for the automatic variants," the company said in a statement on Monday. The all-new Thar will be available in two trims, namely "AX &amp; LX", with prices starting at Rs 9.80 lakh for AX series and Rs 12.49 lakh for LX series. It is powered by two all-new engines "the 2.0L mStallion TGDi" petrol engine, and "the 2.2L mHawk" Diesel engine. "These engines are offered with a choice of 6-speed manual transmission or 6-speed torque converter <keyword id="6747735" type="UNKNOWN" weightage="20" keywordseo="automatic-transmission">automatic transmission</keyword>, with an authentic 4x4 manual shift transfer case with a low ratio," the company had said on Oct 2nd. The deliveries of the SUV will commence from November 1, 2020. SEE ALSO: <a href="https://www.businessinsider.in/international/news/20-charts-explain-why-indian-americans-are-more-likely-to-vote-for-joe-biden-in-2020-us-presidential-election/slidelist/78717893.cms" data-type="tilCustomLink">20 charts that explain why Indian Americans are more likely to vote for Joe Biden in the 2020 US Presidential Election</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-avenue-supermarts-jet-airways-ril-airtel-vodafone-idea-tata-communications-hdfc-bank-and-others/articleshow/78740639.cms" data-type="tilCustomLink">Top stocks to watch — Avenue Supermarts, Jet Airways, RIL, Airtel, Vodafone-Idea, Tata Communications, HDFC Bank and others</a> <a href="https://www.businessinsider.in/politics/world/news/pelosis-office-says-the-latest-coronavirus-stimulus-talk-with-mnuchin-had-encouraging-news-on-testing/articleshow/78734327.cms">Pelosi's office says the latest coronavirus stimulus talk with Mnuchin had 'encouraging news on testing'</a> <a href="https://www.businessinsider.in/defense/news/india-china-militaries-to-hold-eighth-round-of-talks-over-border-dispute/articleshow/78735795.cms" data-type="tilCustomLink">India, China militaries to hold eighth round of talks over border dispute</a>

Mahindra Thar 2020 crosses 15,000 bookings — 57% are first time car buyers

<ul><li>The new-gen Force Gurkha 2020 will pose a tough competition to the all-new Mahindra Thar. </li><li>Here’s a quick comparison between the new Gurkha and the 2020 Mahindra Thar.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>The all-new <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">Mahindra Thar</a> will soon be facing some tough competition from the new-gen Force Gurkha 2020, which was showcased at Auto Expo earlier this year. Recently, a Force Motors dealership published a teaser of the production-spec Gurkha BS 6 2020 on its Facebook page with the <a href="https://auto.hindustantimes.com/auto/cars/2020-mahindra-thar-rivaling-force-gurkha-bs-6-may-launch-soon-here-s-why-41598191842125.html">caption, “coming soon”</a> - an indication that the new off-roader will be hitting Indian markets soon. Here’s a quick comparison between the new Gurkha and the 2020 Mahindra Thar: New <keyword id="9813901" type="UNKNOWN" weightage="20" keywordseo="Force-Gurkha-vs-Mahindra-Thar">Force Gurkha vs Mahindra Thar</keyword> 2020: The specifications The new BS6 Force Gurkha will be available in a 2.6-litre diesel engine that is capable of generating 89 horsepower and 260 Nm of peak torque. This engine will also be coupled with a five-speed manual gearbox. Whereas the Mahindra in the new generation Thar offers a choice between 2.2-litre diesel and 2.0-litre mStallion turbo petrol engine. Thar’s diesel engine 130 horsepower and 320 Nm, while the petrol engine offers 150 horsepower with 320 Nm. <div type="image" title="Force Gurkha" msid="77717676" hostid="261" caption="&amp;lt;p&amp;gt;Force Gurkha&amp;lt;/p&amp;gt;"></div> In Thar, both the power plants are available with a choice between a six-speed automatic and six-speed manual transmission. <a href="https://www.timesnownews.com/auto/compare-cars/article/new-mahindra-thar-vs-new-force-gurkha-specs-features-offroad-capabilities-compared/640668#:~:text=This%20engine%20will%20be%20coupled,five%2Dspeed%20manual%20gearbox%20only.&amp;text=Clearly%2C%20the%20new%2Dgen%20Thar,to%20a%20wider%20customer%20base.">Experts sa</a>y that the option of petrol and diesel engines in Thar with a choice between manual and automatic transmissions will help it cater to a wider customer base. New Force Gurkha vs <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">Mahindra Thar 2020</a>: The features The new BS6 <keyword id="9813900" type="UNKNOWN" weightage="20" keywordseo="Force-Gurkha-features">Force Gurkha features</keyword> similar design and styling details found on the previous Expo-spec version. The car comes with provisions like a touchscreen system, a new instrument cluster, AC, and front power windows. <div type="image" title="-river-crossing (1)" msid="77717711" hostid="261"></div> Whereas, <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">Mahindra’s new Thar </a>is more technologically advanced. It is equipped with the latest technology, and user-friendly features such as smartphone and smartwatch connectivity, roof-mounted speakers, touchscreen infotainment system, tyretronics, steering mounted controls, cruise control, semi-digital instrument panel with a MID (multi-information display), etc. New Force Gurkha vs Mahindra Thar 2020: Pricing The booking for Mahindra’s Thar 2020 will open on October 2; price details will be announced then. However, the car is likely to be priced somewhere around <a href="https://www.carandbike.com/mahindra-cars/thar" data-type="tilCustomLink">₹10- ₹12 lakh</a>. Whereas, the new Force Gurkha is expected to be launched somewhere around Diwali and will be priced nearly <a href="https://www.carandbike.com/force-motors-cars/gurkha" data-type="tilCustomLink">₹10 lakh.</a> <div type="image" title="Gallery2" msid="77717762" hostid="261"></div> New Force Gurkha vs Mahindra Thar 2020: Safety features The Force Gurkha is likely to get all basic safety equipment like dual front airbags, ABS, EBD, and speed alert system. Meanwhile, the new Mahindra has safety provisions like dual front airbags, Anti-lock braking system (ABS) with Electronic brakeforce distribution, Electronic Stability Program, hill-hold control, hill-descent control, tyre pressure monitoring system, etc. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/checkout-toyota-urban-cruiser-price-features-and-other-specifications/articleshow/77680952.cms" data-type="tilCustomLink">Toyota Urban Cruiser booking starts today— Here’s all you need to know about the price, features and other details</a> <a href="https://www.businessinsider.in/business/auto/news/comparison-of-mahindra-thar-2020-with-old-mahindra-thar/articleshow/77589384.cms" data-type="tilCustomLink">Mahindra Thar 2020 compared to the older version of the iconic offroader</a>

Comparison: Force Gurkha 2020 vs Mahindra Thar 2020 — features, specification, and price

Inside pics of the new Mahindra Thar 2020 — The next-gen SUV

Utility vehicles major <keyword id="6357096" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> (<keyword id="46869" type="COMPANY" weightage="20" keywordseo="MM">M&amp;M</keyword>) on Thursday said it is recalling 1,577 units of its SUV Thar with <keyword id="10704282" type="UNKNOWN" weightage="20" keywordseo="diesel-powertrain">diesel powertrain</keyword> to replace faulty camshaft, an engine part. The Mumbai-based auto major said it would undertake proactive inspection and replacement of camshaft on a batch of 1,577 units of <keyword id="10703974" type="UNKNOWN" weightage="20" keywordseo="thar-diesel-variants">Thar diesel variants</keyword>, manufactured between September 7 and December 25, 2020. "A machine setting error at the supplier's plant, on specific dates, may have affected camshafts in some engines of the diesel Thar," M&amp;M said in a regulatory filing. Keeping with the company's stringent quality standards and exercising abundant caution, it has proactively engaged in this limited recall and offered inspection and subsequent rectification, <keyword id="6370553" type="UNKNOWN" weightage="20" keywordseo="free">free</keyword> of cost, the automaker noted. The company said the affected Thar customers will be individually contacted by the company. As an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this activity, it added. This action is also in compliance with SIAM's voluntary code on vehicle recall, M&amp;M said. The new version of Thar was launched on October 2 last year. The model comes in two trims -- AX and LX -- with both petrol and diesel powertrain options. All the variants of new Thar come with a four-wheel drive set-up. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-subsidiary-to-sell-all-of-its-upstream-assets-in-marcellus-shale-play-for-250-million/articleshow/80682497.cms" data-type="tilCustomLink">Reliance subsidiary to sell all of its upstream assets in Marcellus shale play for $250 million</a> <a href="https://www.businessinsider.in/business/corporates/news/kishore-biyani-says-sebi-ban-wont-stop-future-group-deal-with-reliance/articleshow/80680781.cms" data-type="tilCustomLink">Kishore Biyani says SEBI ban won't stop Future Group's deal with Reliance</a>

M&M recalls 1,577 units of Mahindra Thar to replace faulty engine part

Mahindra recently showcased some of its <a href="https://www.businessinsider.in/business/auto/news/auto-expo-2020-mahindra-showcases-three-evs-and-a-concept-car-called-funster/articleshow/73961684.cms">upcoming cars</a> at the Auto Expo 2020, including a concept car dubbed as Funster. The company focused on electric vehicles at the auto show, but this does not mean it is getting out of the petrol and diesel vehicle market anytime soon. In fact, it is expected to launch six vehicles in the next 18 months, including the iconic Thar, Scorpio and more. Here are the upcoming cars from Mahindra to watch out for:

Upcoming cars and SUV launches from Mahindra in India

<ul><li> Excluding the one-time impairment, M&amp;M’s consolidated net profit was down 3% at ₹1,311 crore compared to the same quarter last year. </li><li>The company’s operating margin improved from 14.1% to 17.8% compared to the same quarter last year. </li><li>Tractor sales remain robust led by rural demand, but commercial vehicles remains under pressure</li></ul>India’s top SUV and tractor maker, <keyword id="50805" type="COMPANY" weightage="20" keywordseo="Mahindra-and-Mahindra">Mahindra and Mahindra</keyword>, saw its consolidated net profit decline 94% due to a one-time exceptional loss of ₹1,149.46 crore. If the one time impairment is excluded the consolidated net profit was down 3% at ₹1,311 crore compared to the same quarter last year. Meanwhile, revenue rose 6% to ₹11,590 crore in the quarter under review. The silver lining is the improvement in the company's operating margin from 14.1% to 17.8% compared to the same quarter last year. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Consolidated July- September 2020 (YoY) </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3% </td></tr></tbody></table> Tractors business shines M&amp;M’s high margin tractor volumes offset a large dent in its earnings. The revenue from the farm equipment segment (which includes tractors) grew nearly 25% compared to the same period last year. <div type="image" title="M&amp;amp;M" msid="79147269" hostid="261"></div> “In Q2 F2021, the Indian tractor industry reported a growth of 41.4% which is the highest ever Q2 quarter growth for the tractor industry led by the timely relaxation of the COVID lockdown restrictions for the Agricultural sector supported by healthy reservoir levels, a good increase in MSP for Kharif crops and important reforms in the agriculture sector announced by the government,” it said. The company sold 31% more tractors compared to last year. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 2021 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 2020 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Growth % </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tractors sold </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89,597 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">68,359 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31% </td></tr></tbody></table> However, the commercial vehicle segment continues to remain under pressure. The festive season is fuelling hopes With the arrival of the festive season, M&amp;M is looking to sustain the demand and remain positive in their outlook. They expect “that tractor demand will remain robust during the upcoming festive season.” Investors seemed to cheer the operationally strong performance posted by Mahindra. Its shares gained to day’s high point, minutes after the earnings announcement. <div type="image" title="M&amp;amp;M Share (2)" msid="79147286" hostid="261"></div> To boost its festive sales, Mahindra also recently launched Mahindra Thar 2020, which poses a tough competition to its peers in the segment. The company said that “it has found acceptance amongst a larger base of lifestyle seekers with an overwhelming response from the customers leading to bookings crossing the 20,000 mark.” SEE ALSO: <a href="https://www.businessinsider.in/politics/india/news/checkout-here-bihar-assembly-election-2020-results-and-updates-online/articleshow/79142084.cms" data-type="tilCustomLink">Bihar Election Results 2020: Counting of votes begin, early trends indicate the Grand Alliance edging ahead of the JDU</a> <a href="https://www.businessinsider.in/tech/news/google-will-be-probed-by-indias-competition-commission-for-allegedly-abusing-dominance-to-push-gpay/articleshow/79141895.cms" data-type="tilCustomLink">Google will be probed by India’s Competition Commission for allegedly ‘abusing dominance’ to push its payments app</a> <a href="https://www.businessinsider.in/science/health/news/pfizers-covid-19-vaccine-is-90-effective-in-preventing-coronavirus-in-those-who-havent-been-infected-ever-before/articleshow/79130097.cms">Pfizer’s COVID-19 vaccine is 90% effective in preventing coronavirus in those who haven’t been infected ever before, shows data from latest trials</a>

Mahindra’s margin improves led by record growth in tractors in the second quarter — profit declines 3%

<ul><li><keyword id="9821581" type="COMPANY" weightage="20" keywordseo="tata-motors-chairperson-n-chandrasekaran">Tata Motors Chairperson N Chandrasekaran</keyword> said the company would be debt-free in the next coming three years.</li><li><keyword id="42747" type="COMPANY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> shares saw a sudden spike and climbed up to 5% at 2:10 pm on August 25. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>At the virtual annual general meeting (AGM) today, Tata Motors chairman N Chandrasekaran told shareholders that the company is aiming to become debt-free in the next coming three years. “Currently the TML group has a net automotive debt of ₹48,000 crore, and currently we are deleveraging this business substantially. The target is to bring it to near zero debt levels in the next three years. Towards this, the company has already taken steps. This includes making the company free cash flow positive by FY22,” Chandrasekaran said. The forward-looking outlook boosted shareholders' enthusiasm, and the Tata Motors shares saw a sudden spike and climbed up to 5% at 2:10 pm on August 25. The management also said that its premium business segment JLR would also be cash positive this year onwards. These are the key takeaways from <keyword id="9821580" type="COMPANY" weightage="20" keywordseo="the-tata-motors-agm">the Tata Motors AGM</keyword>: <ul><li>The global auto industry has grappled with many issues in the last 12 months. Then COVID came, which ushered in the new reality and has changed the demand pattern. Indian auto industry too faced several headwinds. Domestic auto sales were down 18%, the most the industry has ever seen since we started recording data. The broad economic slowdown, regulatory challenges like BS6 transition, lockdown measures were a huge challenge</li><li>We have also set a target for the Tata Motors group to generate positive free cash flow from FY22 onwards</li><li>Already the investment of the group has reduced by 50% this FY and will continue to manage this very tightly going forward</li><li>We are also aiming to unlock new non-core investments for <keyword id="154977" type="COMPANY" weightage="20" keywordseo="Tata-Motors-Limited">Tata Motors Limited</keyword>. </li></ul>Tata Motors to be debt-free and PV segment to be a new entity <ul><li>Tata Motors would be debt-free from the net automotive debt of ₹48000 crore in the next three years.</li><li>The Indian passenger vehicle business will be subsidiaries to a new legal entity, said company’s CFO PB Balaji. The new legal entity has been filed with NCLT and should be formed within the next 6-9 months. </li><li>Focus on passenger vehicles will be entirely on the front-end, said Balaji.</li><li>Tata Motors generated the highest ever profitability in FY19, which got impacted by COVID-19. </li></ul>JLR to turn profitable for Tata Motors <ul><li>The ongoing trade conflicts have impacted JLR sales across the globe. </li><li>Capex in JLR being pruned significantly to £2.5 billion. </li><li>JLR will be cash positive this year onwards.</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/difference-between-new-force-gurkha-2020-vs-mahindra-thar-2020-features-specification-and-price/articleshow/77717660.cms" data-type="tilCustomLink">Comparison: Force Gurkha 2020 vs Mahindra Thar 2020 — features, specification, and price</a> <a href="https://www.businessinsider.in/business/auto/news/difference-between-new-force-gurkha-2020-vs-mahindra-thar-2020-features-specification-and-price/articleshow/77717660.cms" data-type="tilCustomLink">Tata Motors sees its India loss widen by nearly 22 times as sales fall to one for every five units a year earlier</a>

Tata Motors plans to cut consolidated debt to zero in three years

<ul><li>Railway Minister Piyush Goyal on October 20 announced that all women passengers will be allowed to travel in <keyword id="148020" type="PERSON" weightage="20" keywordseo="local-trains">local trains</keyword> in Mumbai and suburbs from Wednesday.</li><li>Until now only those engaged in frontline duties and essential staff as categorised by the Maharashtra government are allowed to travel in the local trains. </li><li>The Western Railway and the Central Railway are as of now collectively operating around 700 <keyword id="6379759" type="UNKNOWN" weightage="20" keywordseo="local-train">local train</keyword> services every day on their suburban network.</li></ul>Railway Minister Piyush Goyal, on October 20, announced that all women passengers will be allowed to travel in local trains in Mumbai and suburbs from Wednesday. Railways will allow women to travel between 11am and 3pm and after 7pm. <div type="twitter" handle="PiyushGoyal" handlename="Piyush Goyal" image="http://pbs.twimg.com/profile_images/1242114357682515971/x6zWYqzZ_normal.jpg" favoritecount="7846" retweetcount="1334" status="I am happy to announce that Railways will allow women to travel on suburban trains from 21 Oct between 11 am to 3 p… https://t.co/AB0OGx8nAz" createdat="1603193242000" id="1318514139136815104"></div>Until now only those engaged in frontline duties and essential staff as categorised by the Maharashtra government are allowed to travel in the local trains run by the Central Railway and the Western Railway, through a QR code mechanism. The Western Railway and the Central Railway are as of now collectively operating around 700 local train services every day on their suburban network. Earlier, the Western Railway <a href="https://twitter.com/TOIMumbai/status/1318112795045421059">said </a> that it is ready and is waiting for the central government’s response on the same. The Maharashtra government is likely to <a href="https://www.hindustantimes.com/mumbai-news/mumbai-local-trains-decision-on-sops-increasing-services-to-allow-more-women-to-be-taken-this-week/story-ihmEpTie4ZWw2HLpwdoPYP.html">announce </a>standard operating procedures (SOP) to allow women commuters to travel this week. “Maharashtra govt requested us on Oct 16 to allow local trains services for women, from 11 am to 3 pm &amp; from 7 pm till end of services for the day. We wrote them back &amp; asked them to assess the quantum of passengers &amp; asked them to jointly decide the modalities,” <a href="https://twitter.com/TOIMumbai/status/1318112795045421059">Sumit Thakur, CPRO of Western Railway said. </a> The Maharashtra government on Friday announced it has allowed all women to commute by local trains at certain hours, starting from October 17.However, later on Friday evening, the Western Railway (WR) and Central Railway (CR) refused to oblige without getting the green signal from the Railway Board, and working out the necessary modalities to permit women commuters. In a letter to the General Managers of Western Railway and Central Railway, the state government said all women must be permitted to travel by local trains from 11 a.m.-3 p.m. and from 7 p.m. till the last service. “We talked to them yesterday too. Railway is ready. WesternRailways has extended its services to 700 trains, including 2 ladies' special. Central Railways also extended its services to 706. State government is yet to convey their modalities to us,” Thakur <a href="https://twitter.com/TOIMumbai/status/1318112795045421059">said </a>on October 19. Western Railway CPRO said railways have to ensure that there is no overcrowding at stations and the passengers don't face any problem. Western Railway is awaiting government response on the matter In Maharashtra, women comprise around 40% of the total 85 lakh commuters and the move would help lakhs of women office-goers in the government and private sector, academics and other sectors who need to travel by the <keyword id="74907" type="PERSON" weightage="20" keywordseo="Mumbai-local-trains">Mumbai local trains</keyword> daily. Presently, the women are compelled to spend around 4-5 hours daily only commuting by roads from distant suburbs. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/mahindra-thar-2020-crosses-15000-bookings-57-are-first-time-car-buyers/articleshow/78748381.cms">Mahindra Thar 2020 crosses 15,000 bookings — 57 % are first time car buyers</a>

From today, all women can travel in Mumbai local trains during non-peak hours

<ul><li>The pre-bookings for the car can be done through the company’s dealerships or online for a token amount of ₹25,000, Kia Motors India said in a statement. </li><li>The <keyword id="8462155" type="UNKNOWN" weightage="20" keywordseo="kia-sonet">Kia Sonet</keyword> has been engineered and built with Indian inputs and is a global model for Kia from India, the company added. </li><li>Here’s all you need to know before pre-booking the Kia Sonet.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Kia Motors India has already commenced bookings of its upcoming compact SUV, Kia Sonet, from Wednesday midnight. While the car made its debut earlier this month, the pricing has not been announced yet. One can pre-book the all new Kia Sonet either through the companies dealerships or online on the Kia Motors India’s website for a token amount of ₹25,000, Kia Motors India said in a statement. The Kia Sonet has been engineered and built with Indian inputs and is a global model for Kia from India, the company added. <div type="image" title="kia new 2" msid="77649277" hostid="261"></div> “India is the first country in the world where the Sonet goes on sale, and with the commencement of pre-bookings, we are confident our SUV will be warmly received in the country,” Kookhyun Shim, Kia Motors India MD and CEO said. The Kia Sonet would be rolled out from the company’s Anantapur plant in Andhra Pradesh and would be first offered to Indian customers before being exported to over 70 markets including Middle-East, Africa, Latin America, and Asia. Here’s all you need to know before pre-booking the Kia Sonet: <ul><li>The Kia Sonet is equipped with user-friendly features such as a two-layer tray to store mobile devices in the dashboard, high-tech digital display and instrument cluster, featuring a first-in-segment 10.25-inch HD touchscreen and navigation system with UVO connected technologies.</li><li>The company offers a choice of two petrol engines to choose from one is a Smartstream 1.2-litre four-cylinder and a powerful 1.0 T-GDi (turbocharged gasoline direct injection) and another being an efficient 1.5-litre CRDi diesel engine with a choice of five transmissions.</li><li>The car comes with the BOSE Premium seven-speaker audio with a subwoofer. It also offers a smart pure air purifier with virus protection.</li></ul> <div type="image" title="kia new 3" msid="77649291" hostid="261"></div><ul><li>The car comes with an array of safety features such as six airbags, the anti-lock braking system with electronic brake-force distribution, electronic stability control, hill-start assist control, vehicle stability management, and brake assist.</li><li>The car is available in 10 different variant that includes — beige gold, intelligency blue, aurora black pearl, intense red, gravity grey, steel silver, glacier white pearl, beige gold + aurora black pearl, glacier white pearl + aurora black pearl, intense red + aurora black pearl.</li><li>The car's price is still a mystery. However, it is expected to be priced around ₹8 lakh - ₹12 lakh (ex-showroom) in India.</li><li>The Kia’s compact SUV will compete against Maruti Vitara Brezza and Hyundai Venue and others.</li></ul>SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/inside-look-of-kia-motors-new-compact-suv-kia-sonet-that-launches-today/slidelist/77405381.cms" data-type="tilCustomLink"> A sneak preview of Kia Sonet — the latest ‘Made-in-India’ compact SUV car</a> <a href="https://www.businessinsider.in/business/auto/news/comparison-of-mahindra-thar-2020-with-old-mahindra-thar/articleshow/77589384.cms" data-type="tilCustomLink">Mahindra Thar 2020 compared to the older version of the iconic offroader</a>

Kia Sonet pre-booking starts today— Here’s all you need to know about price, features and other details

Sourcing energy for the myriad power needs of a humongous country of more than 1.2 billion people (accounting for more than 17 % of the world’s population) has been a key part of Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword>’s recent visits to foreign countries. 
 Soon after assuming power, Modi visited <keyword id="6356598" type="COUNTRY" weightage="20" keywordseo="Bhutan">Bhutan</keyword> where he pushed for speeding up hydroelectric plants under construction (three projects totalling 3,000 MW are underway and will be operational within three years) with <keyword id="44734" type="ORGANIZATION" weightage="20" keywordseo="Indian-Government">Indian government</keyword> funding. This was followed by a visit to <keyword id="12266" type="COUNTRY" weightage="20" keywordseo="Nepal">Nepal</keyword> where Modi inked a pact build a $1.04-billion 900 MW hydroelectric plant that will start producing energy by 2020 and export three-quarters of its output to India. Later, during his US visit, Modi facilitated the signing of a $1-billion loan agreement between the US Ex-Im Bank and India’s renewable energy agency, <keyword id="391336" type="ORGANIZATION" weightage="20" keywordseo="IREDA">IREDA</keyword>, which will fund sourcing of US equipment for solar projects in India. This was followed by an agreement with Australia to expedite approvals for investment in key mining projects and arrangements to implement the civil nuclear agreement signed in September that will try to make sure the supply of Australian uranium for India’s nuclear energy programme. 
 All these efforts point to one concern: if India has to leapfrog to emerge as one of the top economic powers in the world, it should first stand on its feet in terms of power supply. This is where the Modi regime’s focus on renewable energy comes into play. In an effort to reduce the dependence on coal, the <keyword id="6360789" type="ORGANIZATION" weightage="20" keywordseo="Modi-Government">Modi government</keyword> plans to more than double the share of renewables such as solar and wind in the mix of fuels the country consumes. and expects the share of renewables to account for 15 % of India’s energy supply (up from 6% currently) in five years during which it will try to attract more than $100 billion of investment for the industry. One must note, this compared with the coal sector that currently caters to 60 per cent of the country’s electricity requirement—the reason why India ranks fourth behind China, the US and the EU in global greenhouse gas emissions. 
 
Also, faltering railroad projects, rising transport costs and ineffective production have contributed to driving up the country's reliance on imported coal from Indonesia and South Africa. In fact, the country's coal import dependency surged from zero in 1990 to nearly 23% in 2012. 
 After assuming power in May, the Modi government announced its aims to develop an adequate amount of <keyword id="70990" type="UNKNOWN" weightage="20" keywordseo="Solar-power">solar power</keyword> by 2019 to run at least one light bulb in every home in the country as the demand of energy is projected to double over 20 years. 
 According to <keyword id="1005434" type="POSITION" weightage="20" keywordseo="power-and-energy-minister">power and energy minister</keyword>, Piyush Goyal, the government plans to go “far beyond’’ the previous UPA government’s target of installing 20,000 megawatts of <keyword id="6357019" type="UNKNOWN" weightage="20" keywordseo="solar-energy">solar energy</keyword> capacity by 2022 and add about half of India's current total installed capacity (10,000 megawatts of capacity to the sector every year). 
 
However, even with a significant boost in renewable energy, the country may find it difficult to reduce dependence on coal. 
 
Concerns about the risks to migratory birds including flamingos that winter at the wetlands nearby have proved to be a bottleneck in going ahead with plans for a 4,000-megawatt project in the midst of the Thar Desert, the world's largest solar power plant. 
 
While the first Budget presented by finance minister Arun Jaitley talked a lot about renewable energy, it increased funding to alternative sources of energy by just 25% compared to the allocation made by the previous UPA regime, which is abysmally low according to a section of analysts who say the country needs a 10-fold increase in investment in reviewable energy. 
 
Also, even if one assumes that the government will hit the target in terms to production of renewable energy, it would require huge extra investment in power stations and power lines for power distribution. 
 As such Modi’s government may have to tweak its policy of depending on mega <keyword id="188239" type="UNKNOWN" weightage="20" keywordseo="alternative-energy">alternative energy</keyword> projects and unleash innovation by incorporating a clutch of smaller but smarter ways of augmenting capacity. For instance, setting up photovoltaic panels on millions of residential rooftops. 
Image: thinkstock

You Searched For "thar 2020" and got 13 results

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