Mahindra faces no emission penalties: insight from business news india response: mahindra faces no emission penalties: insight from business news india.

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However, the Bureau of Energy Efficiency (BEE) has clarified that the new norms came into effect from October 1, 2022.

The Stricter Fuel Efficiency Norms: A New Era for Indian Car Industry

The Indian car industry has been under pressure to improve its fuel efficiency standards for several years. The Bureau of Energy Efficiency (BEE) has been working tirelessly to promote energy conservation and reduce carbon emissions. In 2022, the BEE introduced new Corporate Average Fuel Efficiency (CAFE) norms for car manufacturers in India.

Understanding the New Norms

The new CAFE norms are designed to reduce the average fuel consumption of cars sold in India.

The scrip of the company’s largest shareholder, Aditya Birla Group, also fell 3.5 per cent. The scrip of the utility company, Tata Power, rose 3.5 per cent.

Market Reaction to Mahindra’s Q2 Earnings

Mahindra & Mahindra, one of India’s largest automobile manufacturers, recently released its Q2 earnings report. The market reacted with a mix of emotions, with the company’s scrip ending 3.5 per cent lower at market close on Thursday. This decline was largely attributed to the company’s disappointing sales figures and increased competition in the Indian automotive market.

Key Highlights of Mahindra’s Q2 Earnings

  • Revenue growth: Mahindra’s revenue grew 5% year-over-year, driven by a 5% increase in exports. Profit margins: The company’s profit margins declined 150 basis points year-over-year, primarily due to increased competition and higher input costs. Sales figures: Mahindra’s sales figures were lower than expected, with a 5% decline in domestic sales and a 5% decline in exports. ### Impact on Aditya Birla Group*

    • Impact on Aditya Birla Group

    The Aditya Birla Group, Mahindra’s largest shareholder, also saw its scrip fall 3.5% in response to the company’s disappointing earnings.

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