Page 26 - Mahindra & Mahindra

Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with 90% growth

Amid chip shortage, M&M records 6% drop in Nov auto sales to 40,102 units

While domestic passenger vehicles sales rose 7% YoY to 19,458 units, domestic commercial vehicles sales fell 23% to 17,543 units in November 2021

Here's why Ajit Mishra recommends buying Birlasoft, Mahindra & Mahindra

However, the technical analyst from Religare Broking recommends to short sell Hindalco November futures

Auto shares in focus; Motherson Sumi, Varroc, Sharda Motor rally up to 10%

As of 10:09 AM, the S&P BSE Auto index was the top sectoral gainer up 1.1 per cent as compared to 0.31 per cent decline in the S&P BSE Sensex

Mahindra XUV700 gets 5-star adult safety rating in Global NCAP crash test

Mahindra & Mahindra (M&M) on Wednesday said its newly launched model XUV700 has received a 5-star adult safety rating for adult occupant protection in a crash test conducted by vehicle safety accreditation group Global NCAP. The model has received the highest combined safety score (adult + child) of 57.69 out of a total of 66.00 among the Indian vehicles tested so far by Global NCAP which makes XUV700 the safest Indian vehicle and the first full-size seven-seater SUV in the country to receive five-star rating, the home grown auto major said in a statement. The SUV has achieved an adult score of 16.03 out of 17 and a child safety score of 41.66 out of 49, the highest among all the vehicles in India tested by Global NCAP so far, it added. The official Global NCAP test for the Mahindra XUV700 was conducted in Germany last month. Five stars indicates the highest score while zero star rating points to the minimum score during the vehicle crash test. "When we were developing the ...

Mahindra Logistics acquires Meru Cabs from Mahindra & Mahindra

The third party logistics company, MLL is a 58.34 percent subsidiary of M&M.

Mahindra & Mahindra surges 7% in two days post Q2 results

With better availability of semi-conductors, the management hopes to maintain the volume growth momentum Q3 onwards

M&M draws aggressive 6-year plan for auto and farm equipment segments

Plans to launch 13 new SUVs by 2027, including eight EVs. By then it also sees at least 20% of total SUV volumes coming from EVs

Mahindra & Mahindra plans to launch 16 EV models by 2027

Homegrown auto major Mahindra & Mahindra on Tuesday said it plans to launch 16 electric vehicles (EVs) by 2027 across SUV and light commercial vehicle categories to strengthen its leadership position in India's electric mobility segment. The company, which has set a cumulative revenue growth target of 15-20 per cent by 2025, is keeping its options open to either bring in private equity investors or carve out its EV business into a separate entity to drive its growth. M&M, which has already announced plans to invest Rs 3,000 crore in EVs, is also considering a new brand name for the electric SUVs that it will launch by 2027. "In SUV, we are looking at 13 new launches by 2027 of which eight will be electric. We think by 2027 we'll be ready for at least 20 per cent of the total UV (utility vehicles) volumes coming from electric vehicles," M&M Executive Director Rajesh Jejurikar told reporters in a virtual earnings conference. Four of the new electric SUVs are expected between

Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold

Business Standard brings you the top stories from today

M&M sees chip crunch easing in 2022, eyes options for EV business

The automaker also said with better availability of semiconductors, it hopes to maintain volume growth momentum from the third quarter onwards

M&M Q2 standalone net surges over 8-fold to Rs 1,432 cr; revenue rises 15%

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021, riding on the back of robust sales. The Mumbai-based company had posted a standalone PAT of Rs 162 crore in the July-September period of previous fiscal. Revenue for the second quarter rose by 15 per cent to Rs 13,305 crore as against Rs 11,590 crore in the year-ago period, M&M said in a regulatory filing. The company said it sold 99,334 vehicles during the period under review, up 9 per cent from 91,536 units in the second quarter of last fiscal. M&M tractor sales however declined by 5 per cent to 88,920 units in the second quarter as against 93,246 units in the year-ago period. On a consolidated basis, the Mahindra Group reported a PAT of Rs 1,929 crore as compared with Rs 615 crore in the Q2 of 2020-21. Revenue rose to Rs 21,470 crore in the second quarter as ...

Stocks to Watch: RIL, Aurobindo, BHEL, M&M, Jet Airways, IDFC, PowerGrid

FII fund flows, corporate earnings and ongoing IPOs likely to be in focus today

Mahindra & Mahindra's XUV 700: For those who want city comfort

XUV 700 has been getting M&M more attention since its erstwhile bestseller of yesteryear, the Scorpio

Mahindra & Mahindra reports 5% decline in wholesales in October

Mahindra & Mahindra Ltd on Monday reported a 5 per cent year-on-year decline in total wholesales at 41,908 units in October. The company had dispatched a total of 44,359 units in October 2020. Last month, the company's passenger vehicle sales in the domestic market stood at 20,130 units, up 8 per cent from 18,622 units in the year-ago period. Domestic commercial vehicle sales fell to 18,604 units last month from 23,716 units in October 2020. Exports rose to 3,174 units last month, up 57 per cent from 2,021 units in October 2020. Demand for vehicles across our product portfolio remains robust. We have received an unprecedented response for XUV700 and as per our commitment, we have commenced deliveries of the petrol variant to customers," Mahindra & Mahindra CEO Automotive Division Veejay Nakra said in a statement. The supply chain issues around semiconductor related parts continues to be dynamic as the company focuses on managing the situation in the short term, he added.

Mahindra XUV700 records 65,000 bookings in two weeks of the process

Mahindra & Mahindra (M&M) on Wednesday said the deliveries of its recently launched model XUV700 would begin from this month-end. The deliveries of petrol variants will start from October 30 while that of diesel trims from the last week of November. The company said it has garnered 65,000 bookings of XUV 700 in two weeks of commencing the process. The company had opened bookings of the model on October 7. M&M noted that it has partnered with one of the top-three global consulting companies to devise and implement an algorithm-based process for deliveries. "The objective is to streamline the delivery process for customers, based on a combination of parameters which include, quantum of bookings at city and dealer level, ratio of online and bookings at dealer counters and variant-level production feasibility based on supply chain constraints," the automaker said in a statement. The delivery timelines will be communicated to customers by their respective dealerships starting ..

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output

Fastest for any four-wheeler model, claims M&M; bookings to restart at 10am on Friday

Mahindra & Mahindra adds two new variants to premium SUV XUV700

Mahindra & Mahindra on Tuesday announced the addition of two new variants to its premium sports utility vehicle, XUV700, in both manual and automatic transmission with diesel engine. The seven-seater two new variants AX7 Luxury MT and AX7 Luxury AT+AWD ( All-Wheel Drive) - are priced at Rs 19.99 lakh and Rs 22.89 lakh, respectively, M&M Ltd said in a release. It also said these prices will be applicable for the first 25,000 bookings, which are slated to commence from October 7. The company is offering XUV700 in two series - MX and AdrenoX (AX). The AX7 variant will be available with an optional luxury pack. In addition to the standard AX7 features, the luxury pack will include features like immersive 3D sound, electrically deployed smart door handles, 360o surround view, blind view monitoring, electronic park brake, driver knee airbag, passive keyless entry and wireless charging, among others, it said. Mahindra has also launched an industry-first 'add to cart' functionality ..

M&M chief Anish Shah supports govt incentives to promote sustainability

Mahindra & Mahindra Ltd Managing Director and CEO Anish Shah on Thursday supported incentives provided to companies by the government for promoting ESG (environmental, social and governance) programmes. Speaking at the annual general meeting of the Indo Canadian Business Chamber, Shah also said climate change should not be seen as a potential disaster but "think of it as an opportunity". "The biggest factor in these programs (ESG) is new technologies because the new technologies are resulting in quantum changes in the carbon footprint," he said when asked if there should be some sort of incentive by the government to promote or give a push to ECG programmes. Citing the examples of electric vehicles (EVs) and solar energy, Shah said, "These are technologies that are creating quantum changes. So, that's why incentives are essential. At the start, any of these technologies are not going to be economically competitive". On solar energy, he said 10 years ago the prices in India were ...