Page 2 - Mahindra & Mahindra M&m

Mahindra & Mahindra gains for fifth straight session, hits new high

M&M hit a new high of Rs 940, quoting higher for the fifth straight trading sessions by gaining 6% during the period.

Mahindra Lifespace, Mahindra Logistics, Mahindra CIE hit 52-week high

M&M, Mahindra Holiday Resorts, EPC Industries, M&M Financial Services from the group were trading higher in the range of 2% to 6%.

M&M hits new high on strong Q4 results

The stock hit a new high of Rs 895, up 3%, extending its 2.2% gain on Tuesday on the BSE in otherwise weak market.

FY19 likely to see turnaround for M&M's utility vehicles

The strong volume performance, price hikes and richer product mix also reflected on the margins as well as the bottom line

M&M plans to list Mahindra Rural Housing Finance on stock exchanges by 2020

Mahindra and Mahindra Financial Services (MMFS), holds 89 % stake in the housing finance company

M&M joins Rs 1-trillion market-cap club; stock hits new high

With the market-cap of Rs 1.01 trillion at 10:00 am; M&M stood at number 30th position in overall market-cap ranking, the BSE data shows.

Mahindra bets big on new UV launches, EVs to make a strong comeback

Turning around loss making heavy duty truck and bus segment, meeting stricter emission norms will also top its list of to-do-things as it enters the new year

Tailwind ahead for M&M Financial Services as asset quality improves

Improving rural sentiment augurs well for growth and asset quality

M&M's SUV ride could turn bumpy in government's draft auto policy

The government is considering levying a GST cess on passenger vehicles based on length and CO2 emission from FY19

M&M to invest Rs 6 billion in EV unit, eyes 3,000 monthly production

Mahindra & Mahindra has set a target of manufacturing 3,000 electric vehicles a month over the next two years and will invest up Rs 600 crore in a new plant for such vehicles, a top company official said. "Right now, we are rolling out 200 electric vehicles a month. We are going to rev up this capacity to 700-800 monthly over the next four months," M&M managing director Pawan Goenka told PTI here. Mahindra manufactures electric vehicles at its Bengaluru, Nasik and Pune facilities, he said. "We want to enhance our electric vehicles production to 3,000 units a month over the next two years and for this a new manufacturing unit with an investment of Rs 500-600 crore will come up", Goenka added without naming where the new plant will come up. It can be noted that government has decided to allow only electric vehicles from 2030 to fight rising pollution. The Centrally-run EESL had in October last ordered 10,000 electric sedans from the Tatas and Mahindras over the ...

Mahindra & Mahindra hits fresh 52-week high

The company announced that it plans to increase prices of its passenger and commercial vehicles by up to 3% with effect from January 1, 2018

Mahindra to hike vehicles prices by up to 3% from January

Utility vehicle major Mahindra & Mahindra (M&M) today said it will increase prices of its passenger and commercial vehicles by up to 3 per cent from January. "We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase," M&M President - Automotive Sector Rajan Wadhera said in a regulatory filing. The company sells a range of vehicles, including SUVs Scorpio and XUV500, in the country. Yesterday, Maruti Suzuki India said it will raise prices of its entire range by up to 2 per cent from next month. Various other automakers such as Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have also announced their decision to hike prices from early next year.

M&M dealers may soon get mini Ford outlets

American car maker Ford, the eighth largest player in domestic car market, will use its partner M&M's retail network strength to reach out to more consumers in smaller cities and towns that are not serviced by the brand. Ford is likely to offer mini small format sales service outlets to M&M dealers to expand its reach.Ford is said to be getting ready to open at least 25 small format sales service outlets with Mahindra dealers in markets where it does not have a presence. These will require smaller investments due to smaller size, lesser number of service bays and lower manpower requirements, etc, said a person familiar with the talks. M&M, in response to queries, said it is too early to comment on this. Ford said the contours are being worked upon and there is no clarity now. "Of the many areas that we will work on, one relates to distribution within India (of Ford products) and outside India (of M&M products). At this point of time the discussion is really about how ..

M&M gains on 1:1 bonus shares, good Q2 results

The stock was up 3.5% at Rs 1,410 on the BSE after its board has recommended issue of bonus shares in the proportion of 1:1, i.e. 1 bonus share for every 1 share held as on record date.

Mahindra & Mahindra Q2 profit beats estimates, up 25%

Revenue from operations rose 6.4 per cent to Rs 12,182 crore

Mahindra & Mahindra up 3% as board mulls bonus issue

The stock was up 3% at Rs 1,373 on the BSE as the company said that its board will consider bonus issue on Friday, November 10, 2017.