Page 23 - Mahindra & Mahindra

Real estate demand from industries is seeing a steep rise: Arun Nanda

After working for 50 years in various capacities in the Mahindra group, Nanda retired as the Chairman of Mahindra Lifespaces last week

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

M&M Finance posts net profit of Rs 240 cr in Q1; total income rises 14%

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact of second wave of COVID-19, Mahindra & Mahindra Financial Services (Mahindra Finance) said. The net profit in the period was 62 per cent lower when compared to the previous March quarter. Total income during April-June 2022-23 increased to Rs 2,914 crore from Rs 2,567 crore earlier, Mahindra Finance said in a regulatory filing. Interest income was up at Rs 2,766 crore as against Rs 2,465 crore. Besides, total expenses for the Mahindra group's non-banking financial arm fell 45 per cent to Rs 2,607 crore as against Rs 4,725 crore. Though the expenses were higher from Rs 2,035 crore in March 2022 quarter. The June quarter earnings include results from as many as .

Mahindra & Mahindra to ride on immersive Qualcomm tech for new Scorpio-N

Mahindra & Mahindra on Monday announced a collaboration with chip-maker Qualcomm to bring latest technology advancements for comfortable, safe and intelligent driving experiences in its all-new Scorpio-N vehicle.

Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices

Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

After 2-yr pandemic thrift, 'revenge spending' likely this festival season

The festival season kicks off with Onam end-August right through Diwali in October

M&M open to investing in EV battery cell maker to secure supplies: CEO

Mahindra on Thursday raised $250 mn from British International Investment for its new electric vehicle unit at a $9.1-bn valuation

M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

M&M, British Int'l Investment to build portfolio of five e-SUVs by 2027

At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company

Mahindra aims to lead electric SUV sales in India with new EV unit

India's EV market, dominated by Tata Motors, represents only 1% of the country's annual sales of about 3 million vehicles

UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion

The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 cr/$1 billion between FY24 and FY27

ICE feels the ScorpioN sting: SUV maker M&M targets brand building

SUV maker plans to stay aggressive in cranking out new models

SUVs to tractors: M&M not taking foot off pedal, on recovery road

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

Want to buy a Mahindra XUV700? Your waiting time might be 22 months

The Mumbai-based $15.8 billion cars-to-factory equipment conglomerate took the wraps off its Scorpio-N late Monday, an automobile it bills as the "Big Daddy of SUVs"

M&M drives in Scorpio-N, hopes to stay in top gear with 'disruptor SUV'

Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster

Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand

Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.

Large potential for employment of Agniveers in corporate sector: Mahindra

Mahindra Group Chairman Anand Mahindra on Monday expressed dismay over the violence against the Centre's Agnipath scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. Expressing his opinion on the scheme to recruit youths between the age of 17 and-a-half and 23 years for a four-year tenure in defence services amid widespread violence across states against it, he said there is a large potential for employment of "Agniveers" in the corporate sector. "Saddened by the violence around the #Agneepath program. When the scheme was mooted last year I stated-& I repeat-the discipline & skills Agniveers gain will make them eminently employable," Mahindra tweeted. He further said,"The Mahindra Group welcomes the opportunity to recruit such trained, capable young people." When asked by a Twitter user on what post will be given by the Mahindra Group to Agniveers, he responded, ...

Car review: Jeep makes a smooth comeback, not a moment too soon

The new Jeep Meridian, which is essentially a three-row extension of the Compass, is much more your full-fledged off-roader with a hard suspension and a larger frame

Fueled by demand, M&M to set up first tractor plant in decade in Mohali

Mahindra & Mahindra going to setup new plat in Mohali as demand for tractors in the world's largest market has seen a sharp 44 per cent jump year-on-year in the first two months of 2022-23