Page 8 - Mahindra & Mahindra

Mahindra & Mahindra hits 52-week high on strong business outlook

In the past one week, the stock has outperformed the market by gaining 14 per cent.

Mahindra to make 10 group companies public, sell loss-making units: Report

The company expects 2-3 businesses to go public in the next 3 years, some in 3-5 years and the rest in 5-7 years

Tata Motors, M&M stocks see significant gains on improved demand outlook

While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months

M&M to manufacture K2 tractor series in Telangana; to invest Rs 100 cr more

Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors

Top headlines: Rs 1.45 trn to boost manufacturing; green shoots in retail

From government announcing new plan to boost domestic manufacturing to SpiceJet reporting loss in its September quarter, here atop headlines this morning

We're not keen on diversifying at this point, says M&M's Anish Shah

Group has ten businesses 'which have lot of potential and can grow', says managing director and CEO-designate.

Mahindra & Mahindra gains 3% on healthy operational performance in Q2

The management expects tractor demand to remain robust during the upcoming festive season

Mahindra Q2 PAT dips 88% to Rs 162 cr, shuts aircraft business in Australia

Mahindra & Mahindra (M&M) on Tuesday reported an 88 per cent drop in its profit after tax (PAT) to Rs 162 crore for the second quarter ended September 30, mainly on account of an impairment provision of Rs 1,149.46 crore for certain long-term investments. The auto major along with one unit, Mahindra Vehicle Manufacturers Ltd (MVML), had reported a PAT of Rs 1,355 crore during the July-September period of the previous fiscal. Its revenues, however, increased to Rs 11,590 crore in the second quarter as against Rs 10,935 crore a year ago, M&M said. The company announced the closure of its aircraft manufacturing business in Australia and putting it up for sale. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings virtual media conference. "It is up for sale for someone who wants to buy it. But, if there .

M&M's margins to moderate in coming quarters as input costs weigh in

Volume growth expected to sustain for tractors and improve for auto business going ahead

Indices end at record high for 2nd day, Sensex gains 680 pts, tops 43K

All that happened in the markets today.

Mahindra & Mahindra commences deliveries of latest version of Thar SUV

Domestic auto major Mahindra & Mahindra on Saturday commenced the deliveries of the latest version of its iconic SUV, Thar, with the first vehicle going to auto component maker Minda Corporation's CEO Aakash Minda. Minda had placed the winning bid of Rs 1.11 crore in the six-day long online auction for the first unit of the vehicle in late September. Mahindra Group on Saturday handed over the all-new Thar to Aakash Minda, winner of the online auction for the very first vehicle, the company said in a release. Minda opted for the fully loaded LX petrol automatic transmission convertible variant of the latest version of the SUV, it said adding the vehicle was delivered to him in New Delhi. "I would like to congratulate Aakash Minda, as the very first owner of the All-New Thar. This is a historic moment, given the excitement the auction had created," said Veejay Nakra, CEO, Automotive Division at Mahindra & Mahindra Ltd. Mid-last month, Mahindra had announced raising production of

Mahindra reports 2% increase in tractor sales to 46,558 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 2 per cent increase in its tractor sales at 46,558 units in October. The company had sold 45,433 units of tractors in October 2019, Mahindra & Mahindra (M&M) said in a statement. Domestic sales grew 2 per cent to 45,588 units in October this year compared to 44,646 units in the year-ago month, it added. Exports during the month stood at 970 units, as compared to 787 units in October last year, up 23 per cent, the company said. "We continue to witness unprecedented retail demand which is likely to be higher than wholesale numbers on back of expectations of a higher Kharif output and good cash flow in the market," M&M President - Farm Equipment Sector Hemant Sikka said. Auspicious festival days ahead, coupled with mechanisation requirements for ongoing Kharif harvesting and impending Rabi sowing season augurs well for the industry, he added.

Bank of Baroda inks pact with Mahindra & Mahindra for tractor finance biz

The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra

Mahindra & Mahindra rolls out BS-VI trims of Alfa three-wheeler

Mahindra & Mahindra (M&M) on Monday said it has launched BS-VI compliant variants of its three-wheeler brand Alfa, priced up to Rs 2.67 lakh (ex-showroom Mumbai). The three-wheeler brand comes with four trims to cater to both passenger and cargo segments. The price of cargo variants starts from Rs 2.59 lakh while that of the passenger trims begin from Rs 2.67 lakh. There has been some delay in launching BS-VI range of three-wheelers, given the supply chain disruptions due to COVID-19, M&M CEO Automotive Division Veejay Nakra said in a statement. With all of that behind us and the onset of the festive season, we see good demand in both load and passenger segments and we are gearing up our production accordingly to meet this demand. With these launches we are confident to regain our spot among the top three players in the three-wheeler segment," he added.

Car makers pull all stops to beat the pandemic blues ahead of festivals

The benefits range from cash discounts, attractive EMIs to Covid-19 cover

Car makers drive in top-of-the-line models in defiance of slowdown

Buyers have been lapping up new model launches, show booking and sales trends

Skoda drives into pre-owned car market as demand for owned vehicles soars

The used car market in India has been growing at more than 1.5 times that of new cars

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

M&M shares gain 4% as bookings for All-New Thar SUV cross 9,000 mark

Motilal Oswal Securities believes the new 'Thar' has the capability to lure fan base customers.