Page 31 - Mahindra & Mahindra

M&M to hike prices of tractors from Jan to offset impact of rise in costs

Mahindra & Mahindra (M&M) on Monday said it will hike prices of its its range of tractors from next month in order to partially offset the impact of rise in input costs. In a regulatory filing, M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models. This has been necessitated due to the increase in commodity prices and various other input costs, the company added. Details of price increase across different models will be communicated in due course, M&M said. Last week, M&M had announced it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.

Tata Motors only truck maker to reduce discounts, says CV unit chief

Girsh wagh says firm took a bold decision to prune incentives by almost a third during BS VI transition

Bull run continues; Sensex ends at record peak of 46,666, Nifty tops 13,650

All that happened in today's market

Mahindra's Ssangyong misses loan repayment of Rs 480 cr to JP Morgan

M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes

M&M expects drop in production, sales at auto division over supply shortage

Mahindra and Mahindra (M&M) is expecting reduction in production and sales volume at its automotive division and in its wholly-owned subsidiary in the last quarter of the current fiscal due to global supply shortage of micro-processors. M&M said it is engaging closely with its auto components supplier Bosch and assessing likely production loss. "The operations of the company in the automotive sector will be affected by the global supply shortage of micro-processors (semiconductors) used in electronic control unit (ECUs) which is supplied by Bosch," Mahindra said in a regulatory filing. Mahindra said this is estimated to result in reduction in production/ sales volume of the company (automotive division) and Mahindra Vehicle Manufacturers (MVML), a wholly-owned subsidiary of the company, in the last quarter of financial year 2020-2021. "The company is engaging closely with Bosch and assessing likely production loss for the last quarter of FY 2020-2021 on account of this supply .

Hero MotoCorp and the art of motorcycle makeover

Hero is gearing up to provide service and parts support to customers even where there are no Harley dealerships through its own network

Auto stocks in focus; M&M, Eicher Motors hit fresh 52-week highs

Auto ancillary stocks also ticked up in intra-day trade today, with Bosch rising as much as 6.77 per cent

Mahindra & Mahindra hits 52-week high on strong business outlook

In the past one week, the stock has outperformed the market by gaining 14 per cent.

Mahindra to make 10 group companies public, sell loss-making units: Report

The company expects 2-3 businesses to go public in the next 3 years, some in 3-5 years and the rest in 5-7 years

Tata Motors, M&M stocks see significant gains on improved demand outlook

While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months

M&M to manufacture K2 tractor series in Telangana; to invest Rs 100 cr more

Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors

Top headlines: Rs 1.45 trn to boost manufacturing; green shoots in retail

From government announcing new plan to boost domestic manufacturing to SpiceJet reporting loss in its September quarter, here atop headlines this morning

We're not keen on diversifying at this point, says M&M's Anish Shah

Group has ten businesses 'which have lot of potential and can grow', says managing director and CEO-designate.

Mahindra & Mahindra gains 3% on healthy operational performance in Q2

The management expects tractor demand to remain robust during the upcoming festive season

Mahindra Q2 PAT dips 88% to Rs 162 cr, shuts aircraft business in Australia

Mahindra & Mahindra (M&M) on Tuesday reported an 88 per cent drop in its profit after tax (PAT) to Rs 162 crore for the second quarter ended September 30, mainly on account of an impairment provision of Rs 1,149.46 crore for certain long-term investments. The auto major along with one unit, Mahindra Vehicle Manufacturers Ltd (MVML), had reported a PAT of Rs 1,355 crore during the July-September period of the previous fiscal. Its revenues, however, increased to Rs 11,590 crore in the second quarter as against Rs 10,935 crore a year ago, M&M said. The company announced the closure of its aircraft manufacturing business in Australia and putting it up for sale. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings virtual media conference. "It is up for sale for someone who wants to buy it. But, if there .

M&M's margins to moderate in coming quarters as input costs weigh in

Volume growth expected to sustain for tractors and improve for auto business going ahead

Indices end at record high for 2nd day, Sensex gains 680 pts, tops 43K

All that happened in the markets today.

Mahindra & Mahindra commences deliveries of latest version of Thar SUV

Domestic auto major Mahindra & Mahindra on Saturday commenced the deliveries of the latest version of its iconic SUV, Thar, with the first vehicle going to auto component maker Minda Corporation's CEO Aakash Minda. Minda had placed the winning bid of Rs 1.11 crore in the six-day long online auction for the first unit of the vehicle in late September. Mahindra Group on Saturday handed over the all-new Thar to Aakash Minda, winner of the online auction for the very first vehicle, the company said in a release. Minda opted for the fully loaded LX petrol automatic transmission convertible variant of the latest version of the SUV, it said adding the vehicle was delivered to him in New Delhi. "I would like to congratulate Aakash Minda, as the very first owner of the All-New Thar. This is a historic moment, given the excitement the auction had created," said Veejay Nakra, CEO, Automotive Division at Mahindra & Mahindra Ltd. Mid-last month, Mahindra had announced raising production of

Mahindra reports 2% increase in tractor sales to 46,558 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 2 per cent increase in its tractor sales at 46,558 units in October. The company had sold 45,433 units of tractors in October 2019, Mahindra & Mahindra (M&M) said in a statement. Domestic sales grew 2 per cent to 45,588 units in October this year compared to 44,646 units in the year-ago month, it added. Exports during the month stood at 970 units, as compared to 787 units in October last year, up 23 per cent, the company said. "We continue to witness unprecedented retail demand which is likely to be higher than wholesale numbers on back of expectations of a higher Kharif output and good cash flow in the market," M&M President - Farm Equipment Sector Hemant Sikka said. Auspicious festival days ahead, coupled with mechanisation requirements for ongoing Kharif harvesting and impending Rabi sowing season augurs well for the industry, he added.