Business Standard

Sunday, February 16, 2025 | 03:37 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Mahindra & Mahindra Ltd News

Mahindra bags 30,179 bookings for two new electric models on opening day

Mahindra & Mahindra on Friday said it has secured 30,179 bookings for its two new electric models -- XEV 9e and BE 6. The Mumbai-based auto major claimed the booking number translates to a value of Rs 8,472 crore (at ex-showroom price). The company commenced bookings for the complete lineup of XEV 9e and BE 6 on Friday. "Mahindra Electric Origin SUVs create a new record in EV category by clocking 30,179 Bookings on Day 1 with booking value of ?8,472 crore (at ex-showroom price)," Mahindra Group Chairman Anand Mahindra said in a tweet. The split between the XEV 9e and BE 6 is 56 per cent and 44 per cent respectively, the company said. The top-end Pack Three, featuring a 79 kWh battery, accounted for 73 per cent of the total bookings across both brands, it added. The two models are priced between Rs 18.9 lakh and Rs 30.5 lakh (ex-showroom). Electric passenger vehicle sales in India stood at around 1 lakh units last year.

Mahindra bags 30,179 bookings for two new electric models on opening day
Updated On : 14 Feb 2025 | 11:29 PM IST

Mahindra electric origin SUVs get bookings of over 30,000 units on day 1

The split between the XEV 9e and BE 6 is 56 per cent and 44 per cent, respectively. Deliveries will begin in the latter part of March 2025

Mahindra electric origin SUVs get bookings of over 30,000 units on day 1
Updated On : 14 Feb 2025 | 8:14 PM IST

Mahindra Group plans Rs 40K cr investment in Karnataka over next few years

Mahindra Holidays already operates several resorts in Karnataka and is evaluating further expansion into areas like Gokarna and Hampi

Mahindra Group plans Rs 40K cr investment in Karnataka over next few years
Updated On : 11 Feb 2025 | 9:31 PM IST

M&M hits record, rises 4% in 2 days on Q3; Nomura, Macquarie up targets

The M&M share price has jumped about 4.36 per cent in 2 days, including today's gain, on the back of strong Q3 results and outlook

M&M hits record, rises 4% in 2 days on Q3; Nomura, Macquarie up targets
Updated On : 10 Feb 2025 | 12:29 PM IST

Tractor recovery, new launches to maintain volume momentum for M&M

Growth takes root: Automaker cultivates volume momentum as farm and auto segments harvest gains

Tractor recovery, new launches to maintain volume momentum for M&M
Updated On : 09 Feb 2025 | 9:54 PM IST

M&M Q3 results: Profit rises 20% to Rs 3,181 crore on strong auto volumes

The company also posted a strong revenue growth of 17 per cent at Rs 41,470 crore

M&M Q3 results: Profit rises 20% to Rs 3,181 crore on strong auto volumes
Updated On : 07 Feb 2025 | 2:09 PM IST

M&M Q3 results: Profit climbs 20% to Rs 3,181 cr, driven by SUV demand

M&M Q3 FY25 results: Revenue up 18% to Rs 41,464.98 crore, led by demand for SUVs and tractors

M&M Q3 results: Profit climbs 20% to Rs 3,181 cr, driven by SUV demand
Updated On : 07 Feb 2025 | 1:45 PM IST

Q3 results today: LIC, M&M, and Mazagon Dock to post earnings on Feb 7

Q3FY25 company results, February 7: Edelweiss Financial, Delhivery, Sun TV, Ola Electric Mobility, and Dreamfolks Services will be among 234 companies releasing report for the Oct-Dec quarter

Q3 results today: LIC, M&M, and Mazagon Dock to post earnings on Feb 7
Updated On : 07 Feb 2025 | 11:24 AM IST

M&M Q3 Preview: Profit may zoom up to 22% YoY to Rs 2,981 cr; Ebitda 39%

M&M is expected to report strong performance for Q3FY25, driven by solid growth across its automotive and tractor segments

M&M Q3 Preview: Profit may zoom up to 22% YoY to Rs 2,981 cr; Ebitda 39%
Updated On : 06 Feb 2025 | 2:02 PM IST

M&M rallies 9% in 3 days on healthy outlook; market cap crosses Rs 4 trn

Backed by the positive farm sector sentiment and better terms of trade, the tractor segment is expected to report healthy volume prints, according to analysts

M&M rallies 9% in 3 days on healthy outlook; market cap crosses Rs 4 trn
Updated On : 04 Feb 2025 | 10:41 AM IST

Mahindra BE 6 secures full 5-star crash test rating by Bharat NCAP

Mahindra BE 6 has received the highest points in the 'Adult Occupant Protection' test to date

Mahindra BE 6 secures full 5-star crash test rating by Bharat NCAP
Updated On : 18 Jan 2025 | 12:53 PM IST

Interest for electric vehicles from Tier-II,- III cities surprising: M&M

M&M launched the BE 6e at a starting price of Rs 18.9 lakh (ex-showroom), as well as the XEV 9e at a starting price of Rs 21.9 lakh (ex-showroom), in November last year

Interest for electric vehicles from Tier-II,- III cities surprising: M&M
Updated On : 17 Jan 2025 | 7:42 PM IST

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs

Starting with 5000 pm sales and annual 90k capacity, M&M says it can expand it by adding shifts

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs
Updated On : 08 Jan 2025 | 7:29 PM IST

Eicher Motors to Maruti Suzuki: Auto stocks race on December sales boost

Eicher Motors said it has launched some category-defining motorcycles through the year and it is encouraging to see the response to its recently launched motorcycles both in India and int'l markets.

Eicher Motors to Maruti Suzuki: Auto stocks race on December sales boost
Updated On : 02 Jan 2025 | 12:17 PM IST

Govt clears PLI incentive of Rs 246 cr sought by M&M, Tata Motors

According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24

Govt clears PLI incentive of Rs 246 cr sought by M&M, Tata Motors
Updated On : 02 Jan 2025 | 3:44 PM IST

Maruti, Eicher Motors: Can auto stocks sustain the rally? Chart check here

Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.

Maruti, Eicher Motors: Can auto stocks sustain the rally? Chart check here
Updated On : 02 Jan 2025 | 2:05 PM IST

Mahindra hits new highs: 77% share surge, leads NIFTY50 on CAGR front

Mahindra & Mahindra achieved a 77% share price surge, leading the NIFTY50 with the highest CAGR since 2002. The company also prioritised sustainability and launched two premium electric SUVs in 2024

Mahindra hits new highs: 77% share surge, leads NIFTY50 on CAGR front
Updated On : 01 Jan 2025 | 11:44 AM IST

M&M stocks post sharpest yearly rally in 15 years; zoom 73% in CY 2024

An above normal monsoon, healthy water reservoir levels and increase in government spending in the rural space are expected to benefit the domestic tractor industry

M&M stocks post sharpest yearly rally in 15 years; zoom 73% in CY 2024
Updated On : 31 Dec 2024 | 10:43 AM IST

BII to make Rs 650 cr in final tranche of investment on M&M's EV arm

Automaker Mahindra & Mahindra Ltd on Monday said British International Investment Plc will make a final tranche investment of Rs 650 crore, as against earlier planned investment of Rs 725 crore, in its electric vehicles arm. Earlier this year in May, the company had intimated that it and British International Investment Plc (BII) have mutually agreed to extend the timeframe for the final tranche of BII's planned investment of Rs 725 crore in Mahindra Electric Automobile Ltd (MEAL) and would jointly assess whether additional investment is required by December 31, 2024, M&M said in a regulatory filing. In this connection, M&M said the company and BII have jointly assessed the funding requirement for MEAL on the basis of which it has been "mutually agreed that the final tranche of BII Group's (i.e. BII and/or BII India EV LLP) investment would be Rs 650 crore to be completed by March 31, 2025, as against earlier planned investment of Rs 725 crore". "Consequently, the total ...

BII to make Rs 650 cr in final tranche of investment on M&M's EV arm
Updated On : 30 Dec 2024 | 3:39 PM IST

Auto shares in demand; Escorts, Tata Motors, Eicher, M&M rally up to 5%

In the past six months, the auto index on both the BSE and NSE has underperformed the market by falling 8 per cent, compared to the 0.34 per cent decline in the benchmark indices Sensex and Nifty

Auto shares in demand; Escorts, Tata Motors, Eicher, M&M rally up to 5%
Updated On : 27 Dec 2024 | 11:27 AM IST