Mahindra And Mahindra

Capital allocation and auto segment volume trajectory are the other triggers

With a freeze on disbursements, its advances were almost flat at Rs 7,783.8 crore at end of June 2020 as against Rs 7,870.1 crore in March 2020

Firm seeks shareholders nod to reduce stake in Ssangyong Motor

With about 75 per cent of tractors sold on finance, we have aligned finances very well starting in May itself building out further in June and July

Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus

In an interview with Shreepad S Aute, Ramesh Iyer talks about the upcoming rights issue

Medium and Heavy Commercial Vehicles volumes dropped nearly 92 per cent YoY during the first quarter of Financial Year 2020-21 and Light Commercial Vehicles volumes plunged 87 per cent.

Mahindra & Mahindra's farm equipment sector (FES) reported 12 per cent year on year (YoY) growth in domestic tractor sales at 35,844 units in June 2020 as against 31,879 units sold in June last year.

An improving core business and possible course correction on capital allocation would drive stock performance as valuations are still cheap, analysts say.

The board will meet on June 12, to consider raising of funds by way of issuance of securities including but not limited to secured/unsecured redeemable NCDs on private placement basis.

Factories of some of the country's leading auto firms like Volkswagen, Bajaj Auto, Mercedez-Benz, FIAT India, and Mahindra and Mahindra, among others, are located in these areas

A decade after Mahindra & Mahindra acquired the South Korean motor company, the automaker is struggling and its Indian parent's three-year plan to pull it out of crisis looks challenging

Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they are facing challenges in terms of component supply from coronavirus hit-China. M&M has reported a 42 per cent decline in total sales at 32,476 units in February. "...because of the unforeseeable challenges on the parts-supply from China, our BS VI ramp-up has been affected," Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd said in a statement. This has resulted in high de-growth in billing volume for February and dealer inventory is now under 10 days, he said. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," he added. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said the outbreak of Covid-19 in China and a recent fire incident at one of its strategic vendors affected the vehicle production and wholesale volumes. MG Motor India too reported lower retail ...

In October last year, M&M said it would buy 51 per cent stake in Ardour Automotive Pvt Ltd for around Rs 657 crore

Mahindra and Mahindra (M&M) on Saturday reported a 4 per cent increase in tractor sales at 23,116 units in January. The company had sold 22,212 tractors in the same month last year. Domestic sales increased 7 per cent to 22,329 units in January as compared with 20,948 units of tractor sold in the same month of2019, the company said in a statement. However, exports declined 38 per cent to 787 units in the previous month as compared with 1,264 units in January 2019, it said. "We have sold 22,329 tractors in the domestic market during January with a growth of 7 per cent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output and the government's renewed focus on rural sector through higher allocation as announced in the Union Budget," M&M Farm Equipment Sector President Rajesh Jejurikar said.

The stock is up 8 per cent intraday as operating profits jumped by 19% due to cost efficiency; analysts expect rural economy to revive going ahead

Mahindra & Mahindra (M&M) on Tuesday said its compact SUV XUV300 has received five-star rating for adult occupant protection from Global NCAP, an international safety accreditation body. The XUV300 becomes the first Indian vehicle to score the highest points among all five-star rated cars tested so far by Global NCAP, the auto major said in a statement. The vehicle also becomes the first Indian vehicle to score a four-star child safety rating, it added. "This is a proud moment for Mahindra as the 5-Star rating reiterates our unstinted commitment towards safety. Today's conscious buyers rate safety as a top priority while making their purchase decision and we have designed the XUV300 to be one of the safest vehicles in India," M&M President-Automotive Rajan Wadhera said. This recognition will further spur the company as well as the Indian automotive industry to achieve similar safety standards for the entire range of vehicles on Indian roads, it added. The model comes with .

Business Standard brings to you a list of products and services that might either pinch your pockets or ease your expenses in the coming months

Mahindra said they entered the two-wheeler market with the confidence to "win"

From Mahindra and Mahindra announcing a joint venture with Ford to car sales falling again, here are the top 10 business headlines on Wednesday