Mahindra & Mahindra M&m

M&M pulls out of bid to supply trucks to US Postal dept in $6.3 bn deal

Firm to review operations of US arm, is in the midst of a restructuring exercise that is aimed at improving shareholders return on equity

Covid-19 impact: M&M Q1 profit skids 97% as auto sales hit speed bump

Farm equipment's robust performance cushions the impact

M&M eyes strategic partnership in EV biz, no Covid impact on launch plans

The auto major, which reported a 94 per cent decline in consolidated profit at Rs 54.64 crore for the June quarter, also said there is no impact of Covid-19 on its EV launch plans

Mahindra & Mahindra's consolidated profit drops 97% YoY to Rs 68 cr in Q1

In Q1FY21, M&M sold 27,565 vehicles, a 78 per cent YoY drop from 1.23 lakh sold in Q1FY20

Mahindra sales slump 36% to 25,678 units in July, PV sales down 34%

In the commercial vehicles segment, the company sold 13,103 vehicles as against 15,969 units earlier, a dip of 18 per cent

Mahindra & Mahindra rallies 10% in 2 days on healthy tractor sales in May

The timely relaxation of the lockdown for the agricultural sector ensured speedy recovery of tractor demand during May.

M&M up 12% after it rejects plan to infuse fresh equity in South Korean-arm

The company's board has turned down a proposal to pump in fresh equity of $406 million in its ailing South Korean subsidiary SsangYong Motor Co amid coronavirus crisis

M&M hits lowest level since April 2010, stock tanks 51% in a month

Covid-19, analysts say, will have an immediate short-term adverse impact on the automobile industry due to a decline in incomes and a slowdown in commercial activity.

M&M hits 52-week low after February auto sales numbers, recovers later

The stock, however, recovered its early morning losses to hit an intra-day high of Rs 467.95 following the company's disclosure that its domestic Farm Equipment Sector grew by 21% in February.

Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%

The company had sold 56,005 units in the same month last year, M&M said in a statement

M&M lines up $425 mn to revive Ssangyong, draws up 3-year turnaround plan

Mahindra acquired 70 per cent stake in Ssangyong (in March 2011), which had a troubled past and militant trade unions

M&M Q3 net profit slumps 73% to Rs 380 cr; Tractor sales slips 6%

Vehicle sales during the third quarter stood at 1,23,353 units as against 1,33,508 units in the same period last fiscal, a decline of 8 per cent.

M&M pre-tax profit skids 15%, revenue falls 15% as overall sales decline

The Mumbai-based firm remained cautious in its outlook on passenger vehicles amid a prolonged slowdown and disruptions expected the switchover to BSVI emission norms

Mahindra and Mahindra Q2 net down 27% on sales drop amid auto slowdown

Last month, larger rival Maruti Suzuki India flagged 30.2% slide in unit sales for the September quarter.

M&M sells over 13,000 units on Dhanteras, stock surges 3%

This figure was substantially higher than the deliveries last year on Dhanteras, it added.

M&M offers its personal cars on monthly subscription to boost demand

Home-grown auto major Mahindra & Mahindra rolled out on Thursday a subscription-based service for retail buyers of its personal range of vehicles to boost plummeting demand. The vehicles under the scheme, which has initially been launched for its customers in Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad, will be available at a subscription price starting from Rs 19,720 per month, the company said in a release. The scheme covers models like KUV100, XUV500, XUV300, Scorpio, TUV300, Marazzo and Alturas G4, which will be available for a period of one to four years in case of a new car, it said. We are introducing an all-new subscription model for retail customers of our personal vehicles. With this flexible, affordable offering, we hope to help our customers fulfill their aspiration of driving their desired vehicles without necessarily owning them," said Veejay Ram Nakra, chief of sales and marketing for the automotive division at ..

M&M slips 4% to hit an over 5-year low post weak June quarter results

Operational revenue during the quarter declined by 7 per cent to Rs 26,041 crore against Rs 28,062 crore in the corresponding quarter of the previous fiscal.

M&M, Bosch, Voda Idea, and 16 other BSE500 stocks slump to three-year lows

A total of 51 stocks including M&M Financial, JSW Steel, Heritage Foods, Eris Lifesciences, Godrej Consumer, L&T Financial Motilal Oswal Financial and Shoppers Stop hit 52-week lows.

Mahindra & Mahindra falls 4% on disappointing December sales

The stock dipped 4 per cent to Rs 772, falling 5 per cent from intra-day high on BSE, as tractor sales down 6 per cent at 17,404 units in December over the previous year.

Mahindra posts record loss of Rs 1.29 billion in electric mobility business

The tractor-to-SUV maker managed a four-fold growth in volumes to sell over 4,000 EVs last year but losses also expanded