Page 26 - Mahindra & Mahindra

RIL, M&M bid for incentives under govt's Rs 18k-cr battery scheme: Report

India last year finalised an incentive program for companies to invest in local manufacturing of batteries as it looks to establish a domestic supply chain for clean transport and build storage for RE

Tata Motors, Eicher, Maruti: Will auto shares breakout for bigger gains?

Automobile shares may breakout after crossing significant resistances

M&M total sales rise 11% in December to 39,157 units

Mahindra & Mahindra (M&M) on Saturday reported an 11 per cent increase in total sales at 39,157 units in December 2021. The company had sold 35,187 units in December 2020, M&M said in a statement. In the domestic market, passenger vehicle sales were up 10 per cent to 17,722 units last month, compared to 16,182 units in December 2020. In the commercial vehicles segment, the company sold 18,418 vehicles in the domestic market last month as against 16,795 units in December 2020, an increase of 10 per cent. Exports increased by 37 per cent to 3,017 units in December 2021 compared to 2,210 units in the year-ago month. "We have seen growth in business segments, including Passenger Vehicles, Commercial Vehicles and International Operations, owing to continued strong demand across the product portfolio," M&M Chief Executive Officer Automotive Division Veejay Nakra said. The issues around semiconductor-related parts continue to be a challenge for the industry and remains a ...

M&M, TaMo aim to bolster product range, manage chip shortage next year

Riding on the success of their recent model launches, homegrown auto majors Mahindra & Mahindra and Tata Motors are looking to further strengthen their product portfolios in 2022. Both companies are also looking at ways to handle the semiconductor shortage in a better way next year so that the impact on the production is minimal. "We want to be the number one player in the core SUV segment, and the success across our product portfolio including the all new Thar, XUV300, Bolero Neo and the unprecedented response we have received for XUV700 is an indication that we are on the right track," Mahindra & Mahindra (M&M) Executive Director (Auto & Farm Sectors) Rajesh Jejurikar told PTI in an interaction. The company has already announced the launch of 13 new products by 2027, he added. "The next in line is the new Scorpio, which should come out next year, which will be our immediate focus," Jejurikar noted. The automaker has seen a strong demand rebound, especially for core, .

Stocks to Watch: RIL, M&M, Neogen, JBM Auto, Kopran, UBL, Voda Idea

The markets may consolidate after two days of strong gains for the benchmark indices

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.