Business Standard

Mahindra And Mahindra

M&M's tractor sales momentum crucial for uptick from current levels

Capital allocation and auto segment volume trajectory are the other triggers

M&M's tractor sales momentum crucial for uptick from current levels
Updated On : 12 Aug 2020 | 1:44 AM IST

Mahindra Rural Housing Finance resumes disbursements; raises Rs 1,400 cr

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

Mahindra Rural Housing Finance resumes disbursements; raises Rs 1,400 cr
Updated On : 10 Aug 2020 | 2:04 PM IST

M&M inducts Nisaba Godrej and Muthiah Murugappan as independent directors

Firm seeks shareholders nod to reduce stake in Ssangyong Motor

M&M inducts Nisaba Godrej and Muthiah Murugappan as independent directors
Updated On : 07 Aug 2020 | 10:07 PM IST

Tractor demand will continue to remain buoyant, says M&M's Hemant Sikka

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

Tractor demand will continue to remain buoyant, says M&M's Hemant Sikka
Updated On : 05 Aug 2020 | 10:41 PM IST

Tractor sales grow as monsoon, govt help for farmers lift rural economy

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

Tractor sales grow as monsoon, govt help for farmers lift rural economy
Updated On : 03 Aug 2020 | 10:49 PM IST

Collections have doubled in each month during June quarter: M&M Finance MD

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

Collections have doubled in each month during June quarter: M&M Finance MD
Updated On : 20 Jul 2020 | 4:10 AM IST

Commercial vehicle sales lag as coronavirus outbreak pulls down economy

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.

Commercial vehicle sales lag as coronavirus outbreak pulls down economy
Updated On : 02 Jul 2020 | 2:14 PM IST

Mahindra & Mahindra bounces 3% from day's low on good tractor sales in June

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.

Mahindra & Mahindra bounces 3% from day's low on good tractor sales in June
Updated On : 01 Jul 2020 | 1:54 PM IST

Mahindra & Mahindra gains 9% in 2 days on strong Q4 operational performance

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

Mahindra & Mahindra gains 9% in 2 days on strong Q4 operational performance
Updated On : 15 Jun 2020 | 10:19 AM IST

Mahindra & Mahindra rallies 6% as board to consider fund raising plan

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.

Mahindra & Mahindra rallies 6% as board to consider fund raising plan
Updated On : 03 Jun 2020 | 3:09 PM IST

Covid-19 impact: No respite from lockdown for auto firms in Maharashtra

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

Covid-19 impact: No respite from lockdown for auto firms in Maharashtra
Updated On : 20 Apr 2020 | 12:00 AM IST

Mahindra yet to make SsangYong click 10 years after acquiring Korean firm

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

Mahindra yet to make SsangYong click 10 years after acquiring Korean firm
Updated On : 03 Mar 2020 | 9:48 PM IST

Tata Motors, M&M, MG Motors face supply issues from China over coronavirus

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 ...

Tata Motors, M&M, MG Motors face supply issues from China over coronavirus
Updated On : 01 Mar 2020 | 9:22 PM IST

Competition Commission gives nod for M&M, Ford Motor joint venture

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

Competition Commission gives nod for M&M, Ford Motor joint venture
Updated On : 11 Feb 2020 | 2:07 AM IST

M&M tractor sales rise 4% to 23,116 units in January, exports decline 38%

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.

M&M tractor sales rise 4% to 23,116 units in January, exports decline 38%
Updated On : 01 Feb 2020 | 3:46 PM IST

M&M Finance Q3 gets thumbs up despite sluggish disbursements; stock up 8%

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

M&M Finance Q3 gets thumbs up despite sluggish disbursements; stock up 8%
Updated On : 30 Jan 2020 | 1:30 AM IST

Mahindra XUV300 gets 5-star adult safety rating in Global NCAP test

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 .

Mahindra XUV300 gets 5-star adult safety rating in Global NCAP test
Updated On : 21 Jan 2020 | 9:34 PM IST

What will pinch your pocket and what will be cheaper from today

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

What will pinch your pocket and what will be cheaper from today
Updated On : 09 Jan 2020 | 7:51 PM IST

Entering commuter two-wheeler segment was a mistake, admits Anand Mahindra

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

Entering commuter two-wheeler segment was a mistake, admits Anand Mahindra
Updated On : 12 Dec 2019 | 2:03 AM IST

Top 10 biz headlines: Mahindra JV with Ford, falling car sales, and more

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

Top 10 biz headlines: Mahindra JV with Ford, falling car sales, and more
Updated On : 02 Oct 2019 | 8:15 AM IST