RAJESH JEJURIKAR
ET MSME Awards 2024: Elite jury picks the best of Indian MSMEs
The Economictimes.com is back with the ET MSME Awards 2024. The award series will honour the exceptional MSMEs in the country across 22 categories
ET MSME Awards 2024: A sneak peek at the jury process
What does it take to whittle down more than 15,000 registrations to 101 finalists and 18 eventual winners? Here’s a ringside view of the extensive adjudication process of the ET MSME Awards 2024, scheduled for March 20, 2025 in New Delhi.
India may not be the promised land for Elon Musk
Elon Musk's ventures, Tesla and Starlink, face significant hurdles in India's market due to customer preferences, regulation, and competition. Starlink's high costs limit its appeal to urban users, while Tesla struggles with pricing and strong local competitors. Despite potential collaborations, India's regulatory landscape and market dynamics make substantial disruption unlikely for Musk's businesses.
ET MSME Awards 2024: And the nominees are…
After months of deliberations spanning multiple rounds of evaluation, vetting, and jury discussions, India’s largest, most credible MSME awards announces its shortlist. The winners for the ET MSME Awards 2024 will be revealed at a grand felicitation ceremony on March 20, 2025 in New Delhi.
Why global EV giants like Tesla, BYD can't challenge India's Tatas and Mahindras: Anand Rathi report cites key reasons
India’s passenger vehicle market is unlikely to face major disruption from new competition in the near future. Reports suggest that global players like Tesla and BYD struggle with local regulations, pricing, and market dynamics. Despite government efforts to encourage electric vehicles (EVs), challenges such as high import duties and localisation requirements keep the sector largely dominated by homegrown brands. Experts argue that established Indian automakers hold a strong advantage, making it difficult for new entrants to gain ground.
Why Indian automakers are not scared of Elon Musk
Tesla is opening a showroom in Mumbai, marking its entry into the Indian market. Indian automakers like Tata Motors and Mahindra & Mahindra remain confident, seeing little threat from Tesla's presence unless it significantly reduces its prices. Local production and price alignment are crucial for Tesla to compete here effectively.
Before Elon Musk enters Indian space, he plans to hit the road route
Elon Musk is poised to enter the Indian market with Tesla, following years of delays due to high import duties and regulatory challenges. The company is now hiring in India, signaling its imminent entry, as the Indian EV market still offers vast untapped potential.
20-30% of M&M SUVs could be EVs in next two years: Rajesh Jejurikar
Rajesh Jejurikar, CEO of Mahindra & Mahindra's Auto & Farm Sector, highlights their focus on selling electric SUVs as lifestyle vehicles, emphasizing design, tech, performance, and premium interiors. M&M aims for 20-30% of their SUV portfolio to be EVs within two years, balancing electric and internal combustion engine vehicles to offer customer choice.
How M&M beat demand sluggishness and surged ahead of its peers? Rajesh Jejurikar explains
Rajesh Jejurikar, CEO of Mahindra & Mahindra’s Auto & Farm sector, shares insights on the company's remarkable growth in the SUV and tractor markets. Despite overall industry sluggishness, M&M has seen strong demand due to successful launches like the Thar, XUV700, and Scorpio N. In tractors, positive rural factors have maintained strong performance with a 44% market share.
Mahindra consolidated net up 20% in Q3 driven by farm and auto biz
Mahindra & Mahindra Ltd reported a 20% year-on-year increase in consolidated net profit for the December quarter, driven by strong performances in the farm equipment and automotive sectors. Net profit reached Rs3,181 crore, while revenue grew 17% to Rs41,470 crore. M&M's robust SUV and tractor sales contributed to its market share gains.
M&M Q3 Results: Standalone profit grows 19% YoY to Rs 2,964 crore, revenue up 20%
M&M Q3 Results: Mahindra and Mahindra (M&M) reported a 19% year-on-year increase in standalone net profit at Rs 2,964 crore for the December quarter. Revenue from operations grew 20% YoY to Rs 30,538 crore, with a 32% rise in standalone EBITDA. Quarterly auto volumes rose 16%, and tractor sales increased by 20%, highlighting strong market share and margin performance.
Entry of more players to help break barriers, accelerate adoption of EVs: Auto industry captains
Increased competition in India's electric vehicle market, driven by new launches from Maruti Suzuki and Hyundai, is expected to accelerate the adoption of electric mobility. Auto industry executives believe that a unified push from manufacturers will shift the narrative positively, enhancing consumer confidence and expanding the market.
New models & govt sops set to boost EV space: M&M Executive
India's electric vehicle industry is set for rapid expansion over the next 12-18 months with the introduction of numerous new EV models in 2025 and government initiatives to enhance charging infrastructure. This is expected to significantly boost EV penetration, as more automakers enter the market and develop the necessary ecosystem.
Mahindra looks to scale up auto biz globally; eyes more markets with new models
Mahindra & Mahindra plans to expand its global automotive presence in phases. Initially leveraging existing markets like South Africa and Australia with models like XUV 700, it will then introduce lifestyle pickups and electric SUVs for newer regions. M&M also aims to ramp up electric vehicle production and capacity in 2025.
There will be some cannibalisation of existing Thar with Roxx version: M&M
Rajesh Jejurikar, ED & CEO of Auto & Farm at M&M, announced the launch of the new Thar Roxx, a spacious and comfortable mainstream product. Despite potential cannibalisation with the current Thar, the company expects significant growth. The new Thar Roxx features a platform enhancing ride quality, similar to SUV 700, and is priced competitively.
Mahindra Q3 profit after tax up 34% at Rs 2,658 cr; revenue at Rs 35,299 cr
Mahindra & Mahindra on Wednesday reported a 34 per cent increase in consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals. The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year.
Will boom time for SUVs continue for next 3 years? Rajesh Jejurikar answers
So we are actually in a good place because we have been an SUV company all along and we think this is a trend which will continue because the many things about SUV in an India kind of context, SUV represents much better status, ground clearance sitting height.
We have had a very good September month growth at 70%: Rajesh Jejurikar, M&M
"We are hopeful of a very good festive month. All the indicators are very positive for a good momentum"
Confident that this year will be a good monsoon; great to see data validate that: Rajesh Jejurikar, Mahindra & Mahindra
"If we have a reasonable level of inflation on crops it gives prosperity to farmers, it gives a reason for RBI to bring down cost of money."
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