Indian automaker Mahindra & Mahindra plans to expand capacity for its sports utility vehicles and electric vehicles this year to meet rising demand, helping the company post a nearly 33% quarter-on-quarter profit increase on Wednesday.The Mumbai-based company is India’s second-largest automaker by revenue, with a portfolio made up entirely of feature-rich SUVs.Mahindra plans to increase […]
India’s retail sales of cars by dealers are expected to remain flat in December, a dealer association said on Monday, driven by a recovery in demand after recent tax cuts that made some cars cheaper and continued year-end stimulus programs for consumers.Total sales grew 2.14% in November, the Federation of Automobile Dealers Associations (FADA) said, […]