Page 22 - Mahindra & Mahindra

M&M unveils its first electric sports utility vehicle 'XUV400' in India

The deliveries of XUV400 are scheduled to begin from the end of January next year

Mahindra XUV 400 EV launch: Where to watch, time, features and price

Mahindra XUV 400 EV is ready to be launched today, September 8, 2022. Read this detailed report on features, specifications and expected prices in India

M&M gains 3% to touch new high; overtakes Tata Motors' market cap

In past three months, the market price of M&M has appreciated by 27 per cent, while Tata Motors recorded 2 per cent gain in its stock price.

M&M to unveil Mahindra XUV 400 EV this week; here's what we know so far

The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo

Mahindra & Mahindra posts 87% jump in vehicles sales to 29,852 units in Aug

Mahindra & Mahindra on Thursday reported an 87 per cent increase in domestic passenger vehicles sales at 29,852 units in August. The company had sold 15,973 units in the same month last year, M&M said in a regulatory filing. Sales of cars and vans were at 336 units in the month under review, up from 187 units in the year-ago month. In the commercial vehicles segment, the company said it sold 21,492 vehicles in August 2022, as against 8,814 units in the same month last year. M&M President, Automotive Division Veejay Nakra said the demand across the company's portfolio remained strong and new launches such as Scorpio-N, Scorpio Classic and new Bolero MaXX Pik-up also helped in driving growth. "The supply chain situation continues to remain dynamic for select product lines and we are taking appropriate actions to minimize impact," he added. In the tractors segment, M&M said total sales grew marginally to 21,520 units last month, as compared to 21,360 units in August ...

M&M won't pump more funds into Pininfarina, seeks external investors

The firm is also "closely monitoring" Peugeot Motorcycles, Mahindra Trucks & Buses and Construction Equipment businesses as their "performance is below expectation"

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

On 75th I-Day, M&M unveils e-mobility plan with five new electric SUVs

The brands will be manifested through five e-SUVs under XUV.e8, XUV.e9, BE.05, BE.07 and BE.09

Volkswagen AG, M&M deepen EV component co-operation, sign term sheet

The agreement covers components of Volkswagen's open platform for electric vehicles (EVs), called MEB, to be supplied to Mahindra's new electric platform INGLO, the companies said in a joint statement

M&M launches new brand BE in UK, lines up five electric SUVs

The company would introduce the first of the five e-SUVs towards the end of 2024, starting with the Indian market

M&M inaugurates its state-of-the-art EV design studio in the UK

Anand Mahindra, Chairman, Mahindra Group inaugurates Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire

LIC cuts stake in M&M to 6.42% from 8.43%, garners Rs 2,222 crore

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore. Under Sebi norms, listed companies are required to intimate the stock exchanges when their shareholding in an entity changes by 2 per cent or more. On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of Mahindra and Mahindra fell 0.46 per cent to Rs 1,269 apiece.

BSE, NSE to remain closed for trading today on account of Muharram

The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment

Tractor headwinds may offset M&M's strong utility vehicle segment show

Upsides may be limited given the sharp rerating for the stock since March

Britain's West Midlands lobbying M&M to open motorcycle factory in the area

Midlands region is home to more than 400 specialist firms including Aston Martin Lagonda and India-owned Jaguar Land Rover

Q1 results: M&M's consolidated net profit jumps more than 5 times

Mahindra said it received more than 100,000 orders within 30 minutes of opening books for its Scorpio-N SUV, worth around Rs 18,000 crore in sales value

Mahindra & Mahindra Q1 consolidated profit jumps to Rs 2,360.70 cr

Mahindra & Mahindra Ltd on Friday reported a consolidated profit after tax of Rs 2,360.70 crore in the first quarter ended June 30, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated loss after tax of Rs 331.74 crore in the year-ago period, M&M said in a regulatory filing. Revenue from operations increased to Rs 28,412.38 crore in the first quarter this fiscal, as compared to Rs 19,171.91 crore in the corresponding period a year ago, it added. Total expenses during the quarter were higher at Rs 26,195.01 crore, as against Rs 20,286.24 crore in the same period a year ago, the company said. The automotive segment clocked revenue of Rs 12,740.94 crore in the quarter, up from Rs 6,316.79 crore in the same period last fiscal. In volume terms, the company said it sold 1,49,803 vehicles in the quarter under review, as compared to 85,858 vehicles in the year-ago period, a growth of 74 per cent. The farm equipment vertical had

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa

Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year. The stock climbed 6.15 per cent to settle at Rs 1,236.35 apiece on the BSE. During the day, it rallied 7.18 per cent to its 52-week high of Rs 1,248.40. It was the biggest gainer among the Sensex constituents. On the NSE, the stock jumped 6 per cent to Rs 1,234.50 apiece. In volume terms, 16.65 lakh shares were traded on the BSE and over 1.26 crore shares on the NSE during the day. On Monday, Mahindra & Mahindra Ltd reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

M&M domestic passenger vehicle sales up 33% in July at 28,053 units

Mahindra & Mahindra Ltd on Monday reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. Domestic utility vehicle sales during the month were at 27,854 units, as against 20,797 units in the year-ago month, a growth of 34 per cent, it added. On the other hand, sales of cars and vans were down 20 per cent at 199 units, as compared to 249 units a year ago, M&M said. M&M President, Automotive Division, Veejay Nakra said the company witnessed robust demand for its brands, including XUV700, Thar, Bolero and XUV300. "The supply chain situation continues to remain dynamic, and we are monitoring the situation closely," he added. M&M said sales of commercial vehicles were at 20,946 units last month, as against 17,666 units in the year-ago month, a growth of 18.56 per ...