The new — and currently hard to get — Echo Dot. Ry Crist/CNET Good luck trying to get the new Echo Dot with two-day shipping.Amazon’s most popular smart speaker is out of stock until early March, according to the company’s website. Target is also out of stock on its site and Best Buy’s stock was limited to two of the three available colors.”Customer response to the all-new Echo Dot has been incredibly positive,” an Amazon spokesperson said in a statement Tuesday. “We’re working hard to get it back in stock.”The Echo Dot, which costs $50 and first became available in October, was out of stock at times during the holidays, when customer interest for new gadgets was at its highest all year. The Dot, which competes directly against the Google Home Mini speaker, became the best-selling item on Amazon worldwide during the holidays.It’s less typical for an Echo device to run out during a quieter part of the shopping year. The company had promoted the Alexa-powered gadget during a Super Bowl ad on Sunday, which may have sparked interest.Amazon said customers can check the Echo Dot page online for inventory updates. The company will continue accepting new orders, but Amazon won’t replenish its virtual shelves until March 5 for its charcoal Dot and March 11 for heather gray and sandstone, its website stated Tuesday.Availability for some colors of the Echo Spot, Echo and Echo Plus are delayed until Feb. 10; other colors for those models are in stock. See it Amazon Echo Dot $29 Preview • Amazon’s third Echo Dot takes a few cues from the Google Home Mini Adorama See It Smart Home Smart Speakers & Displays Review • Amazon Echo Dot 3 review: Alexa’s best Dot yet plays defense 2 $49 News • Amazon Echo Dot deal: 3 for $70 See It $29 CNET may get a commission from retail offers. See It Best Buy Crutchfield $49 Mentioned Above Amazon Echo Dot (third-generation, Charcoal) Alexa Amazon Best Buy Google Tags Share your voice Comments
Mahindra, the diversified Indian business group with interests in automobiles, information technology and financial services, on Wednesday announced the formation of a Brazilian subsidiary that will eventually acquire a tractor distributing firm in the country.In a regulatory filing to the Bombay Stock Exchange (BSE), the company said that it has incorporated CMN Solutions Q013 Participacoes Ltd, along with its wholly-owned subsidiary, Mahindra Overseas Investment Company (Mauritius).Read: Mahindra, Ola announce partnership to drive businessThe two companies will buy 100 percent stake in CMN Solutions to enable it to buy tractor distribution firm Bramont Montadora Industrial e Commercial de Veiculos S.A. (Bramont) in the company. Bramont is a shell company and has no operations as of now, Mahindra said.The cost of acquisition won’t exceed $8 million for Mahindra, according to the regulatory filing, which also said that the cash consideration will be paid upon approval by the Reserve Bank of India.Mahindra sold 2.14 lakh tractors in financial year 2015-16 and 12,327 in August this year.Mahindra shares ended at Rs. 1,407.50 apiece, down 0.16 percent from their previous close.For the quarter ended June 30, 2016, Mahindra posted 12.4 percent rise in net profit to Rs 955 crore on sales of Rs 11,800 crore.