Page 21 - Mahindra & Mahindra

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.

Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore

Revenue during the period rose 57% to Rs 20,839 crore from Rs 13,314 crore

Mahindra & Mahindra posts Rs 2,089 crore Q2 PAT, revenue at Rs 20,839 cr

Automobile major Mahindra & Mahindra Ltd on Friday said it had closed Q2FY23 with a net profit of Rs 2,089.92 crore.

Mahindra & Mahindra September quarter profit up 44% at Rs 2,773 crore

Homegrown diversified group Mahindra & Mahindra on Friday reported 44 per cent increase in consolidated profit at Rs 2,773 crore for September quarter, boosted by robust sales across business verticals. The group had logged a net profit of Rs 1,929 crore in July-September last fiscal year, Mahindra & Mahindra (M&M) said in a regulatory filing. Revenue from operations during the quarter under review rose to Rs 29,870 crore from Rs 21,470 crore in the year-ago period, it added. M&M, on a standalone basis, reported revenue of Rs 20,839 crore in the second quarter, up 57 per cent from Rs 13,314 crore in the same period a year ago, the company said. Profit after tax increased 46 per cent to Rs 2,090 crore in September quarter, as compared to the year-ago period. The auto major said it sold a total of 1,74,098 vehicles in the second quarter, higher 75 per cent from 99,334 units in September quarter 2021-22. Tractor sales increased 5 per cent to 92,590 units in September ...

'Not possible to do away with repossession agents': Mahindra Finance MD

'Specialised people' needed to ensure loan defaulters don't cheat company, says Ramesh Iyer in interview

Mahindra ties up with three EV infra players for charging solutions

Mahindra & Mahindra on Wednesday said it has tied up with three electric vehicle infrastructure partners -- Jio-bp, Statiq, and Charge+Zone -- to offer charging solutions for its upcoming range of passenger electric vehicles. With these partnerships, Mahindra EV users will get seamless access to a robust fast charging infrastructure and e-mobility solutions spanning across discovery, availability, navigation and transactions, the Mumbai-based automaker said in a statement. Mahindra unveiled its first all-electric SUV -- XUV400 -- recently. Earlier this year, the company also unveiled a range of new electric vehicles in an event in the UK, which it plans to introduce in India over the next few years. "We look forward to bringing sustainable, profitable and efficient EV solutions to accelerate the mass adoption of battery electric vehicles in India, and we are delighted to have joined hands with all our partners for our upcoming range of electric vehicles in India," Mahindra & ..

M&M reports 60% rise in domestic passenger vehicle sales at 32,298 units

Mahindra & Mahindra Ltd on Tuesday reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement. Utility vehicle sales were at 32,226 units, as against 20,034 units in the year-ago month, a growth of 61 per cent, it added. However, car and van sales were down 25 per cent at 72 units, from 96 units in October 2021. "Our sales volume continued to grow in October on the back of strong festive demand," M&M President, Automotive Division Veejay Nakra said. M&M said in the commercial vehicles segment, it sold 20,980 units in October 2022. Total tractor sales were higher by 11 per cent at 51,994 units last month as compared to 47,017 units in October 2021. Domestic tractor sales were at 50,539 units as against 45,420 units in the same month last year, a growth of 11 per cent, while exports were down 9 per cent at 1,455 units as .

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points

CARE Ratings reaffirmed ratings on the existing bank facilities of M&M with stable outlook.

Jio-bp to set up charging network for M&M's upcoming e-SUVs' launches

Starting with 16 cities, Jio-bp will install DC fast chargers at M&M dealership network and workshops across the country

Mahindra reports best-ever monthly wholesales of 64,486 vehicles in Sept

Driven by strong demand for its sports utility vehicles, Mahindra & Mahindra on Monday reported the highest ever monthly wholesales of 64,486 vehicles in September, a two-fold jump as compared with the year-ago period. The Mumbai-based auto major had dispatched total 28,112 passenger and commercial vehicles in domestic and international markets in September 2021. Last month, the company posted its highest ever monthly sales of sports utility vehicles (SUV) at 34,262 units, a two-fold jump as compared with 12,863 units in September 2021. In an interaction with PTI, Mahindra & Mahindra President (Automotive Division) Veejay Nakra said, September turned out to be a record month for the company in terms of overall volumes as well as the SUV dispatches. He noted that the overall popularity of SUVs along with robust demand for the company's latest products led to the record dispatches for the automaker last month. "Even in the thick of COVID-19, while the passenger vehicle industry .

Analysts remain bullish on Tata Motors as company drives in Tiago EV

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24

M&M in talks to raise up to $500 mn for EV push, says report

Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter

A woman's death in Jharkhand brings loan recovery agents to notoriety again

Court warnings and RBI's circular prohibit lenders and their agents from harassing or threatening debtors

M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day

These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.

Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

M&M to acquire Swaraj Engines' 17.41% stake from Kirloskar Industries

Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 per cent from 34.72 per cent, M&M said in a regulatory filing. The company proposes to acquire 21,14,349 equity shares constituting 17.41 per cent of the paid up equity share capital of SEL from KIL at a price of Rs 1,400 per share, it said. Consequently, SEL, which is currently an associate of the company, would become a subsidiary of M&M, the filing said. Based in Mohali, Punjab, SEL is in the business of manufacturing of diesel engines and its components. It was promoted in 1985 by erstwhile Punjab Tractors Ltd, which has since merged with M&M, and the then Kirloskar Oil Engines Ltd (now KIL). It had a total revenue from operations of Rs 1,138.15 crore for the year ended March 31, 2022, it said.

Fiat Chrysler likely to block US sales of Mahindra 4x4s in trademark case

(Reuters) - Fiat Chrysler on Monday received a second chance to permanently block U.S. sales of redesigned Roxor off-road vehicles made by Indian carmaker Mahindra & Mahindra Ltd, which is fighting claims that it copied Fiat Chrysler's Jeep design.

Trading Strategies in Mc-Dowell, Mahindra & Mahindra by Mehul Kothari

According to the technical analyst from Anand Rathi, McDowell could rise to Rs 920, whereas Mahindra & Mahindra can slip to Rs 1,220.

Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.