EVs remain central to the company's long-term roadmap, with M&M aiming for 20-30 per cent EV contribution by FY30, compared to 8 per cent currently.
M&M today said it sold its entire stake in RBL Bank for a consideration of Rs 678 crore representing a 62.5 per cent gain on the investment.
The company reported consolidated PAT of ₹3,673 crore and 22% revenue growth in Q2 FY26, led by robust SUV sales, record tractor volumes, and higher margins across segments
Q2FY26 company results: Firms including Adani Ports and SEZ, Aditya Birla Fashion and Retail, Alembic, and Interglobe Aviation are also to release their July-September earnings reports today
Passenger vehicles continued to outperform, posting an 11 per cent year-on-year (Y-o-Y) rise in wholesales among leading players.
Most brokerages anticipate healthy operating performance, with revenues rising between 17 per cent and 25 per cent Y-o-Y and profits improving modestly.
Mahindra & Mahindra Ltd on Saturday reported a 26 per cent growth in its overall auto sales at 1,20,142 units in October this year. Domestic passenger vehicle sales grew by 31 per cent to 71,624 units in October as compared to 54,504 units in the same month last year, Mahindra & Mahindra Ltd (M&M) said in a regulatory filing. Commercial vehicle sales in the domestic market stood at 31,741 units, registering a growth of 14 per cent, it added. "In October, we achieved SUV sales of 71,624 units, a growth of 31 per cent, which is the highest SUV sales we have clocked ever in a month," M&M CEO, Automotive Division, Nalinikanth Gollagunta said. On the farm equipment business front, M&M said total tractor sales in October were at 73,660 units, as against 65,453 units for the same period last year, up 13 per cent. Domestic tractor sales were at 72,071 units, as against 64,326 units in October 2024, up 12 per cent, it added. Exports for the month stood at 1,589 units, ...
HDFC Bank (HDFCB) reported a steady Q2FY26, with profit rising 11 per cent Y-o-Y to ₹186.4 billion, aided by healthy NII of ₹315.5 billion and strong treasury gains of ₹23.9 billion
Technical charts suggest that auto stocks can potentially rally up to 17% from here, with the likes of Hyundai India and Tata Motors leading the way. Here are the key levels to watch out for.
Leading the list is GNG Electronics (Target: ₹482 | Upside: 52%), named by Nirmal Bang, which expects robust growth as the company benefits from the govt's 'Make in India' thrust on electronics mfg.
Ambit analysts see HDFC Bank benefiting from accelerating credit growth, normalisation in cost of funds, and focus on high-yield segments like MSME, gold, and unsecured retail loans.
Mahindra & Mahindra will divest its Finnish arm Sampo Rosenlew Oy, maker of combine harvesters and forestry machines, to TERA for Rs 52 crore under a share purchase agreement
September auto sales expectations: Analysts cite the start of festive sales from September 22, improved finance availability, dealer inventory build-up, and positive rural sentiment as key drivers.
Choice Institutional Equities upgrades auto sector to 'Positive' citing GST reforms, easing rare earth supply, and rural demand. See top auto stock picks with upside potential
Hyundai, Tata Motors, Mahindra, Maruti and Renault have announced steep cuts across cars and CVs, with reductions ranging from ₹30,000 to ₹4.65 lakh from September 22
Shrikant Chouhan, head of equity research at Kotak Securities, is bullish on Coforge and M&M. Check target price, support and resistance levels here
Stocks to Watch today, August 18, 2025: From Vodafone Idea to BPCL, here is a list of stocks that will be on investors' and traders' radar
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 .
Bharat Forge and Samvardhana Motherson International shares fell over 3 per cent each after Trump imposed a 25 per cent tariff