Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Interarch Building Solutions bags ₹165 crore order; June order wins reach ₹375 crore
Interarch said it has secured new orders worth approximately ₹375 crore during June 2026, including the ₹165-crore contract from the energy sector in Vadodara, along with projects from the hydrocarbon, farm equipment, electrical products, renewable energy and data centre industries.
Car sales sail smooth despite war woes; Auto cos log double-digit growth on Maruti, TaMo surge; two-wheeler & CVs also in fast lane
Indian car sales surged significantly in May. Maruti Suzuki and Tata Motors reported robust growth. Two-wheeler sales also saw double-digit increases. Despite global challenges, consumer demand remained strong. This positive trend extended to utility vehicles and electric vehicles. Farm equipment sales also performed well. The automotive sector shows resilience and continued momentum.
Mahindra & Mahindra reports 23% growth in domestic tractor sales at 47,845 units in May
Mahindra & Mahindra's farm equipment division saw strong domestic tractor sales in May. The company sold 47,845 units, marking a significant 23 percent increase compared to the previous year. This growth was fueled by successful Rabi harvesting and favorable farmer conditions. Exports also contributed positively, with 1,850 tractors sold, showing a 7 percent rise. Overall tractor sales reached 49,695 units.
M&M profit surges 42%, but auto margins remain flat
Mahindra & Mahindra reported a strong 42% jump in net profit for the fiscal fourth quarter. Growth was seen across its automotive, farm equipment, and services sectors. Revenue also climbed significantly. Despite challenges like supply chain disruptions, the company's diversified portfolio helped achieve this breakthrough performance. The company's EV arm leads the eSUV market by revenue.
Mahindra to exit Japanese farm equipment business JV with Mitsubishi
Mitsubishi Mahindra Agricultural Machinery will exit the farm machinery sector. The joint venture plans to cease production and sales by early 2027. This decision comes after a review of market conditions and long-term viability. The company will continue supplying spare parts and honouring warranties. Affected employees will receive re-employment support.