Page 24 - Mahindra & Mahindra

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

Stocks to Watch: M&M, Tata Coffee, Voda Idea, Coal India, Hindalco, REL

Stocks to Watch Today: The Aditya Birla Group has planned a massive Rs 77,000 crore capex; Meanwhile, this week the focus will be on rate sensitive sectors ahead of the RBI policy meet on Wednesday.

Strong utility vehicle growth trajectory to drive M&M's FY23 performance

Revival in tractors, improvement in supply, and margin gains are other key triggers for the auto major

EV car makers rev up for 2025; slew of new models expected to hit the road

Korean carmaker Hyundai that sells the Kona electric sedan, too, is looking to ride the EV wave

M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs

Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago

BSE Auto index hits over 3-mth high; M&M at record high, Tata Motors up 3%

Analysts at Emkay Global Financial Services retain their positive view on the auto sector, underpinned by expectations of a cyclical upturn in the next three years.

Mahindra & Mahindra to launch fully electric version of XUV 300 in Q1 2023

Home-grown auto major Mahindra & Mahindra (M&M) on Monday said it is planning to launch the fully electric version of its XUV 300 SUV in the market in the first quarter of next year. The company also announced that it will unveil its electric vehicle business strategy, 'Born Electric Vision' of EV concept in August this year. The Mumbai-headquartered company has recently partnered with Volkswagen to explore the use of the latter's modular electric drive matrix (MEB) components that can be used in its electric cars. MEB electric platform and its components allow car manufacturers to build their portfolio of electrified vehicles, quickly and cost-effectively. "We will be launching the electric version of XUV 300, which we hope to have in the first quarter of the next calendar year," M&M executive Director Rajesh Jejurikar said at a media conference on Monday. He said that though it is called the electric version of XUV 300, it is a 4.2 meter in length vehicle and not sub-4 ..

Mahindra & Mahindra rallies 4%, hits 52-week high post Q4 results

Given the recent fiscal and monetary measures by Government of India and RBI, the company's management foresees the cost pressures in the economy to ease out.

Mahindra & Mahindra reports five-fold rise in Q4 profit at Rs 1,192 cr

Mahindra & Mahindra on Saturday reported nearly five-fold jump in standalone profit at Rs 1,192 crore for quarter ended March 31, 2022. The company had posted a profit of Rs 245 crore for the year-ago period, it said in a statement. Revenue grew 28 per cent to Rs 17,124 crore in the period under review as compared with Rs 13,356 crore in March quarter 2020-21, it said. In full fiscal year 2021-22, the company logged a standalone profit of Rs 4,935 crore, a multi-fold growth from Rs 984 crore in fiscal year ended March 31, 2021. M&M said it achieved the highest ever standalone revenue for auto and farm segments at Rs 55,300 crore for FY22, which is 29 per cent higher than previous year's. It also said the company's auto business delivered highest ever quarterly UV (utility vehicle) volumes in Q4 with 42 per cent year-on-year growth while Farm Equipment Sector (FES) tractors market share for FY22 stood at 40 per cent, a growth of 1.8 per cent Y-o-Y. Auto export also saw strong

How policy uncertainty, other factors made Ford pull the plug on its EV PLI

The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat

Analysts bullish on auto stocks amid govt. measures on fuel, steel price

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

Mahindra & Mahindra to explore more partnerships for EV parts: CEO

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.

Mahindra to explore partnership options for electric vehicle parts

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker

At 2022 lows: Auto stocks pick up speed, tech on collision course

Meanwhile, IT stocks dominated the worst-performing list, with Tech Mahindra and Wipro dropping nearly 20 per cent apiece

Volkswagen, Mahindra & Mahindra sign agreement to collaborate on EVs

The Volkswagen, Mahindra & Mahindra agreement comes in less than 6 months after Mahindra brought the curtains down on all kinds of collaborations with Ford Motor Co on December 31, 2021.

Mahindra's sales jump 25% to 45,640 units in April, SUV segment grows 22%

Mahindra & Mahindra (M&M) on Monday said its total sales increased by 25 per cent to 45,640 units in April. The company's total sales stood at 36,437 units in April 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose by 23 per cent to 22,526 units last month against 18,285 in April last year, the auto major said in a statement. Commercial vehicle sales increased to 20,411 units last month compared to 16,147 in April 2021. The company said its exports last month stood at 2,703 units against 2,005 in the year-ago period. "We continued our growth trajectory in the SUV segment with sales of 22,168 vehicles, registering a growth of 22 per cent. Our commercial vehicles registered growth across all segments, and exports were also up at 35 per cent," M&M President (Automotive Division) Veejay Nakra said. Demand across products continues to be robust with strong booking numbers and pipeline, he added. "There were a number of supply chain ...