Mahindra & Mahindra stock was the top loser among the BSE Sensex, and the BSE Auto index in intra-day deals on Friday owing to profit-taking at the counter.
Festival offers are already running with benefits between ₹1.5 lakh and ₹2 lakh on some models
Move likely to benefit smaller cars which have been under pressure
At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50
During his Independence Day address on August 15, 2025, Prime Minister Narendra Modi announced a potential rationalisation (reduction) of GST rates before Diwali 2025
Mahindra & Mahindra unveils new SUVs based on NU_IQ platform for global markets and announces plans to expand Chakan plant capacity by 240,000 units by FY27
Mahindra & Mahindra is gearing up to roll out new SUVs to cater to both domestic and export markets as part of its Vison 2027, group CEO and MD Anish Shah said on Friday. Speaking at an event, which showcased company's new platforms and growth strategy, he noted that the automaker has become number one player in SUVs outpacing global giants. "Today, I am honoured to unveil our bold new vision for 2027 that will become the backbone of our next generation of world-beating SUVs, engineered right here in India, for India and the world," Shah stated. He stated that just five years ago the the company set out with bold ambitions to lead, not follow; to disrupt, not be disrupted; to place Indian ingenuity and resilience on the global stage. "From the rugged Thar to the sophisticated XUV700, from the Scorpio's legacy to our BEV electric range, we have transformed challenges into opportunities - outpacing global giants, becoming India's No 1 SUV company, via achieving record growth in SUV .
After an extended consolidation within a rectangle pattern, the Indian Bank stock broke out above the upper resistance band, signaling the start of a fresh uptrend.
Mahindra & Mahindra plans to export its electric vehicles to the UK, leveraging improved trade opportunities following the finalisation of the India-UK free trade agreement, according to Group CEO and Managing Director Anish Shah. The Mumbai-based auto major is a leading player in the electric vehicle segment in the domestic market and expects EVs to comprise 30 per cent of its overall sales by 2030. In 2022, the company inaugurated Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire, the UK. The facility serves as the conceptual hotbed for the company's portfolio of electric products. In an interaction with PTI Videos, Shah noted that India has the potential to emerge as the automobile manufacturing hub of the world. "We are looking forward to exporting our electric vehicles to the UK and to take a bigger share of the UK market and competing in the UK on the back of this FTA," Shah stated when asked to comment about the benefits for the Indian industry and the ...
Sluggish growth in the continent's most-industrialized nation has led South Africans to demand more economical cars
With Rakshabandhan and Ganesh Chaturthi falling during the month, the discounts are almost at a similar level as compared to last year
Markets remained volatile on Wednesday and ended lower amid mixed cues. After a flat start, the Nifty oscillated within a range and eventually settled near the lower end at 24,574.20.
Nifty PSU Bank, Nifty Private Bank and Nifty Bank index have outperformed the market,down in the range of 0.09 per cent to 0.25 per cent.
Volume and revenue dips mar Q1, but rural traction and export gains keep automaker from sliding off course
Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors. The magnets are essential components across sectors like automobiles, household appliances, and renewable energy. "Basis, all the actions we have taken, FY26 is more or less managed. We have to now work on some medium and long term actions," Mahindra & Mahindra (M&M) Group Chief Financial Officer Amarjyoti Barua told PTI in an interaction. The company has taken steps to build inventory through alternative sources to take care of the problem, he stated. "It has panned out well for us so far and we do not ...
Mahindra & Mahindra on Saturday said it has completed the acquisition of 58.96 per cent controlling stake in commercial vehicle manufacturer SML Isuzu Ltd and has renamed it as SML Mahindra Ltd (SML). M&M Ltd also said that it has reconstituted the company's board, which will now be headed by Mahindra Group veteran Vinod Sahay as its Executive Chairman. Venkat Srinivas has been appointed as the Executive Director & Chief Executive Officer of SML, it added. Sahay is currently president for aerospace and defence, trucks, buses & CE Mahindra Group, a position he will continue to serve, it said. Sahay's appointment as Executive Chairman of SML Isuzu is effective from August 3 and that of Srinivas from August 1, the company said. In addition to his new role, Srinivas will continue to serve as the Business Head for Mahindra Truck & Bus (MTB) and Construction Equipment (CE), it said. M&M had in April this year signed a share purchase agreement to 58.96 per cent stake .
Bharat Forge and Samvardhana Motherson International shares fell over 3 per cent each after Trump imposed a 25 per cent tariff
Auto volumes rise 17 per cent, SUV market share improves 570 bps to 27.3 per cent, while farm and services also report healthy margins and profits in Q1FY26
Strong demand for electric SUVs boosts Mahindra's EV business to Rs 111 crore EBITDA in Q1FY26; company awaits PLI certificate and ramps up production gradually
Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of Rs 3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it ...