The world’s biggest motorcycle and scooter trade show, the EICMA, kicked off in Milan earlier this week. Around 1,278 companies from 44 countries are participating in the annual event of which two companies are from India too.Both these companies will not participate at the India Auto Expo next year. Our weekly news wrap delves into the details of why both these Indian companies rerouted financial resources to shows outside of India. But here is a complete round up of all the major auto stories of the week.Mahindra, Eicher and Ashok Leyland announce Q2 figsClose Mahindra and Mahindra (M&M + MVML) has reported 23.8 percent fall in its September quarter net profit at Rs 1,355 crore against Rs 1,778.8 crore in the a year-ago period. related news Mutual funds wrap: SIP AUM crosses Rs 3 trillion mark, but will the momentum sustain? Moneycontrol Pro picks of the week Explained | Why are onion prices skyrocketing? India’s second-largest commercial vehicle maker Ashok Leyland, on November 8, reported a massive 92.6 percent year-on-year decline in its net profit at Rs Rs 38.9 crore for the second quarter that ended on September 30, 2019.Eicher Motors posted an 18.5 percent year-on-year jump in its second quarter (July-September) net profit at Rs 570.5 crore. The company’s revenue fell… Read full this story
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This week in Auto: Hero, Royal Enfield warm up to EICMA but ditch India Auto Expo; Tata Motors writes-off investment on cars have 305 words, post on www.moneycontrol.com at November 9, 2019. This is cached page on CuBird. If you want remove this page, please contact us.