Brokerages anticipate robust revenue growth driven by improved volumes and realisations, with mixed expectations on margin performance across segments
The rise in M&M share price came after the company saw record monthly SUV sales in October, which rose 25 per cent year-on-year (Y-o-Y) to 54,504 units, from 43,708 units in October 2023
All about new Mahindra Thar Roxx: On road price, features, themes and more
(Reuters) - Mahindra & Mahindra led Indian carmakers' resurgence in sales in September, after a two-month lull, data showed on Tuesday, as dealers stocked up ahead of the festive season, although Tata Motors suffered as a tax change hurt EV sales.
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In three days, the stock of the Mahindra group automaker has rallied 11 per cent on reports of the top management of Skoda Volkswagen India looking to sell up to 50 per cent stake in the co to M&M.
Company will roll out Born EVs from Chakan plant by 2025
Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.
Priced at Rs 7.99 lakh for the entry-level product, M&M launched the diesel and CNG variants, and an electric version will come in the future
To tackle the growing load on its service outlets, M&M is increasing productivity, expanding bay capacity, and rolling out remote software updates
The company would also participate in affordable housing loan schemes of governments
Nomura believes Govt's launch of the PM E-DRIVE scheme will extend policy support certainty for EV over the next two years
Home-grown auto majors Mahindra & Mahindra and Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks. The two schemes are the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. "With continued focused support on 2Ws, 3Ws, e-buses and the thoughtful addition of e-ambulances, the scheme will drive higher EV penetration in the country," Mahindra & Mahindra Managing Director Anish Shah said in a statement. Investments laid out for fast charging infrastructure for all segments will help in increasing consumer confidence for faster adoption of ..
Opposition party says Sebi chairperson's husband received money from M&M
After ICICI and Wockhardt; M&M, Dr.Reddy's and Pidilite are the latest company names to be dragged in the Congress versus Sebi chief controversy. Here's a technical outlook on these stocks.
Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator
Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile
If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker
The proposed joint venture will concentrate primarily on the development of battery-powered SUVs for both the Indian and international markets, although it will also encompass fossil fuel-based models
Automaker Mahindra & Mahindra has a sum of Rs 100.63 crore set aside as a contingent liability