Page 2 - Mahindra Group

M&M to pursue engineering actions to address rare earth shortage: CFO

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 offers one-time Esops to 14,000 staff, includes factory workers

In a first, Mahindra grants Esops as reward for long-term contribution amid strong Q1 results and surge in SUV and tractor sales

M&M Q1 PAT rises 24% to ₹4,083 crore on strong auto volume growth

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

M&M Financial share drops 3% on mixed Q1 nos; should you buy, sell or hold?

At 9:20 AM, Mahindra & Mahindra Financial Services share was trading 1.75 per cent lower at 260.95. In comparison, BSE Sensex was up 0.30 per cent at 82,429.66 levels

Reliance, Adani, Mahindra among top firms in ₹60k cr govt ITI upgrade plan

The Ministry of Skill Development and Entrepreneurship plans to modernise 1,000 ITIs, train two million youth in five years, and align vocational education with industry needs in a hub-and-spoke model

Tech Mahindra Q1 profit up 34% at ₹1,140 crore, revenue rises 2.7%

Revenue for the quarter increased 2.7 per cent to ₹13,351 crore, helped by communications and banking financial services and insurance (BFSI) business

Mahindra Logistics to raise up to ₹750 crore through rights issue

Mahindra Logistics, a Mahindra Group company, plans to raise up to ₹750 crore through a rights issue to repay borrowings and for general corporate purposes

Mahindra BE 6, XEV 9e Pack Two EV deliveries to start by July-end

BE 6 and XEV 9e Pack Two models to feature a new 79 kWh battery option with a 500 km range, Level 2 ADAS, fast charging and expanded connected car features

PVs experience bumpy H1 ride; wholesales decline 6.4% in June to 320K units

In June, overall industry volumes dipped. According to industry estimates, wholesales fell 6.4 per cent to 320,000 units

Mahindra Lifespace buys 9-acre land parcel in Bengaluru for ₹199 crore

Realty firm Mahindra Lifespace Developers Ltd has acquired around 9 acre land in Bengaluru for nearly Rs 200 crore to develop a housing project. The company has acquired a company named Shreyas Stones Pvt Ltd (SSPL), which owns 8.79 acre land parcel in Bengaluru. In a statement on Monday, Mahindra Lifespace Developers said it has "signed a Share Purchase Agreement (SPA) with SSPL, whereby the shareholders of SSPL have agreed to sell their entire stake (100 per cent of the equity shares)." The company will acquire 10,000 equity shares, having face value of Rs 10 each, for Rs 199 crore. "This acquisition unlocks a premium development opportunity with an estimated Gross Development Value (GDV) of Rs 1,100 crore," the company said. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd said, "This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city's most promising real estate corridors." With this parcel adjoining

The times, they are a-changing: Anand Mahindra flags geopolitical flux

Mahindra likens global flux to Samudra Manthan and urges Indian industry to embrace innovation, invest in manufacturing, and act swiftly to capture supply chain realignment

Mahindra & Mahindra's vehicle sales rise 17% to 84,110 units in May

Mahindra & Mahindra on Sunday reported a 17 per cent year-on-year increase in total sales at 84,110 units in May. In the utility vehicles segment, the Mumbai-based automaker sold 52,431 vehicles in the domestic market, a growth of 21 per cent, as compared to 43,218 units in May last year. "Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio," Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said. The company said its tractor sales in the domestic market stood at 38,914 units last month, as against 35,237 units in May 2024. Total tractor sales (domestic and exports) last month were at 40,643 units, as against 37,109 units for the same period last year. Early advancement of above-normal Southwest monsoon should bode well for kharif sowing, M&M President - Farm Equipment Business Veejay Nakra said. "Approval of hike in MSP for Paddy and other kharif crops will bring positive .

Mahindra Bolero, Bolero Neo 'Bold Edition' in India: Price, features & more

Both the Mahindra Bolero and the Bolero Neo Bold Edition have been reintroduced with new looks. Interested customers can book the upgraded version in advance on the Mahindra official website

'Operation Sindoor' reflection of India's unbending resolve: Mahindra group

Operation Sindoor reflects the resolve of a nation which refuses to bend in the face of terror, Mahindra Group said on Thursday. "We at the Mahindra Group stand in admiration and deep respect for the bravery and precision demonstrated by the Indian Armed Forces during Operation Sindoor," the Mumbai-based business group said on X. The mission reflects the unwavering resolve of a nation that refuses to bend in the face of terror, it added. "Under the decisive leadership of Hon'ble Prime Minister Shri Narendra Modi, India has sent a clear and powerful message: our nation will not tolerate acts of terror on our soil or threats to our people," the diversified group said. Operation Sindoor is a proud reaffirmation of India's strength, sovereignty, and spirit, it added.

Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat

Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of it ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat. The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI. "We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for 2025-26. Mahindra Holidays & Resorts India Ltd (MHRIL) currently has total 5,800 rooms under its flagship brand Club Mahindra. On the total number of rooms expected in FY26, he said,"FY26, my guess is (it will be) anywhere between 6,500 to 6,600 rooms." When asked about capex for FY26, he declined to share an exact number saying "we ..

Mahindra Lifespaces Q4 results: Net profit grows 19% to Rs 85 crore

The company's pre-sales for the quarter stood at Rs 1,055 crore, down by 2.9 per cent Y-o-Y

Why did M&M Financial slip 4% post Q4 results? Here's what brokerages say

M&M Financial Services' stock has fallen nearly 23 per cent from its 52-week high of ₹343 touched on September 27, 2024. The company's total market capitalisation stood at ₹33,223.40.66 crore

M&M rejigs leadership team as Mahindra Logistics CEO Ram Swaminathan quits

Hemant Sikka to head Mahindra Logistics, Veejay Nakra to head farm biz, R Veluswamy to head auto division

Mahindra Aerostructures to make fuselage for Airbus H130 choppers in India

Mahindra Aerostructures, part of the diversified Mahindra & Mahindra group, will manufacture the fuselage for Airbus H130 helicopters in India. The company and Airbus have entered into a contract for making the fuselage for H130 helicopters, and the first fuselage is expected to be delivered in the first quarter of 2027. At a function to mark the signing of the contract in the national capital on Wednesday, Rmi Maillard as President of Airbus India and Managing Director of the South Asia region, said Airbus will continue to invest in India. Civil Aviation Minister K Rammohan Naidu said there is a huge demand in the sector and emphasised the need for boosting the country's manufacturing ecosystem in order to start making aircraft in India. "India is destined to become global aviation hub," he said.

Tech Mahindra bolsters US presence with new headquarters in Texas' Plano

Tech Mahindra has announced the opening of its Americas headquarters in Plano, Texas, a move it said underscores the company's firm commitment to the US market. The Plano office is Tech Mahindra's nineteenth office in the US. The new facility will house a diverse range of operational functions, including consulting, delivery, and customer support services. As part of the company's ongoing expansion plans, Tech Mahindra will also establish an Innovation Lab within the same premises. The lab will serve as a center of excellence, focused on developing new technologies, accelerating innovation, and advancing research to address the evolving needs of clients across industries. Tech Mahindra continues to play a significant role in driving technological innovation and providing advanced solutions to its customers in the market, the IT services company said in a release on Friday. The office was inaugurated in the presence of John B Muns, Mayor of Plano, Melanie Royer, Representative of