M&M launches new Yuvraj 215 NXT in Rajkot
.jpg)
Mahindra and Mahindra Ltd. (M&M) rolled out its new Yuvraj 215 NXT in Rajkot on Wednesday. According to the company, this 15 HP tractor is compact, easy to operate and fuel-efficient with low operating cost, making it ideal for small landholdings.
"Our objective is to increase farm productivity and enhance rural prosperity. The Yuvraj 215 NXT is part of our vision to deliver 'FarmTech Prosperity' to farmers in Gujarat through its multiple application features," said Ravindra Shahane, vice-president, marketing, farm equipment sector, M&M Ltd.
The company said that due to its compact size and adjustable rear track width, the tractor is an ideal one for driving through narrow lanes and is suitable for spraying operations for crops like soybean, grapes, cotton, groundnut, sugarcane and fruit orchards.
Mahindra started producing its mini tractor in Rajkot in 2010. In its April-June quarter results, M&M reported a flat growth in tractor sales, selling 72,166 tractors in the domestic market compared to 71,696 tractors which it sold in the corresponding period of the previous financial year.
Delay in rains led to decline in sowing in the country, which is down by 18 percent, the company said, adding that it sees sales picking up in the second half of the year.
The company maintained its leadership in the tractor segment with a market share of 42.2 percent for the first quarter as against 41.4 percent in Q1 of the previous year.
Other Latest News
.webp)
The BJP will benefit from the anti-incumbency against the Biju Janata Dal government, which is in power for an unbroken 24 years in Odisha, and a strong Modi wave to dethrone Naveen Patnaik from the helm of the state, senior saffron party leader Vijaypal Singh Tomar claimed.
In an interview with PTI, Tomar said, "There is anti-incumbency and people in Odisha have decided to change the BJD government this time. Similarly, there is a strong Modi wave across India, which has also been strongly felt in this state."
.webp)
A senior TDP leader has said the priority of the party is to "rebuild" Andhra Pradesh and take the state out of the debt trap by getting rid of the YSR Congress Party (YSRCP) government.
Telugu Desam Party (TDP) National Coordinator (Election) and ex-Rajya Sabha MP Kanakamedal Ravindra Kumar said Andhra Pradesh has suffered more losses during the Jagan Mohan Reddy government than during the creation of the two Telugu states in 2014 when resources were shared with Telangana.
.webp)
The Supreme Court on Friday issued a notice to the Election Commission of India (ECI) regarding a plea seeking to frame rules in case ‘None of the Above' (Nota) option gets the majority in elections.
Motivational speaker Shiv Khera has petitioned that the ECI treat Nota as a "fictional candidate" and to establish guidelines for conducting re-elections in constituencies where Nota garners a majority.
.webp)
The just-concluded follow-on public offer (FPO) of Vodafone Idea Limited (VIL) has not only brought relief to the struggling telecom operator but also to the three investment banks that managed the Rs 18,000 crore share sale. According to the final prospectus filed by the Mumbai-based firm, it has paid Rs 287 crore, 1.6 per cent of the issue size, as book running lead manager (BRLM) fees.
This, according to PRIME Database, is the second-highest BRLM fee paid for a domestic FPO or an initial public offering (IPO).
.webp)
India’s largest non-banking financial company Shriram Finance on Friday reported a 57 per cent year-on-year (Y-o-Y) jump in its consolidated net profit for the fourth quarter of 2023-24.
In Q4 of FY24, the consolidated net profit of Shriram Finance stood at Rs 2,021.28 crore as against Rs 1,288.18 crore recorded in the same period of the previous year, due to rise in income and improved asset quality.
.webp)
.webp)
.webp)
.webp)
.webp)
