Page 23 - Mahindra & Mahindra

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.

Electric vehicle launch success key to further gains for M&M stock

SUV launches getting traction, weak rural demand a headwind for tractors

Mahindra lines up new products; firms up investments for electric future

Mahindra & Mahindra is lining up new products and investments while firming up production plans as it remains "very optimistic" about gradual evolution of electric vehicle penetration in the country over the next few years. According to a senior company official, the Mumbai-based automajor expects transition towards electric mobility to happen step wise with fleet and sports utility segments expected to lead the transformation in the domestic market. "Our internal research tells us that 25 per cent of the existing SUV buyers would like to consider an electric SUV as their next purchase. The research also tells us that over the next 2-3 years we will see this kind of transition happening," Mahindra & Mahindra Executive Director (Auto and Farm sectors) Rajesh Jejurikar told PTI in an interaction. He noted that five years from now the company expects about 20-30 per cent of its SUVs to be electric. Betting big on green mobility, Mahindra has lined up five new electric Sports ...

M&M looks to create a new segment in e-SUV market with XUV400

Mahindra will declare the pricing of the model closer to its launch in January

Stocks to Watch: NBFCs, RIL, Concor, IOL Chemicals, M&M, Jet Airways, VIL

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

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.