Page 35 - Mahindra & Mahindra

Lockdown 2.0: India Inc lends help to dealers amid coronavirus crisis

Incentive hikes, credit period extension among steps taken to support them during corona crisis

Ind-Ra rates Mahindra & Mahindra NCDs 'AAA' with stable outlook

M&M has a diversified business profile with presence across farm equipment, auto and automotive components, defence, information technology, hospitality, steel trading, infrastructure and aerospace

Mahindra & Mahindra tractor-led portfolio to cushion revenue fall

Higher tractor margins, cash on books and better capital allocation policy are positives

Market Wrap, April 7: Here's all that happened in the markets today

Market breadth was in favour of advances as out of 2,576 companies traded on the BSE, 1,842 advanced and 540 declined while 194 securities remained unchanged

M&M board rejects plan to pump in fresh equity in SsangYong Motor

SYMC's fate hangs in balance as it will need to raise funds from other investors

More pain ahead for the auto sector? Here's what top brokerages say

The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index

Auto stocks decline as March sales plunge amid coronavirus lockdown

At the index level, the Nifty Auto index was down 1.4 per cent as compared to 1.3 per cent decline in the Nifty50 index

Coronavirus: Govt asks car manufacturers to explore ventilator production

According to a study Brookings Institution, by May 15, India will need 110,000 to 220,000 ventilators while it currently has 17,850 to 25,556 units

Mahindra & Mahindra inks pact to buy 13% more stake in MITRA Agro

Mahindra & Mahindra on Wednesday said it has signed a share purchase agreement to buy additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd, an associate of the company, from its existing shareholders. The company currently holds 26 per cent of the equity share capital of Mitra, and after the completion of the above transaction, it will hold around 39 per cent of the equity share capital of Mitra on a fully diluted basis, Mahindra & Mahindra said in a filing to the BSE. The purchase of additional equity shares in MITRA Agro Equipments Pvt Ltd would support the company's farm equipment business in the horticulture sector, it added. After the acquisition of equity shares, Mitra would continue to remain an associate of the company, Mahindra & Mahindra said. The purchase at which these shares are acquired is around Rs 7.1 crore in cash, it added. The indicative time period for completion of the acquisition is by the end of March, 2020, the company said. Shares of ...

Cricketer Ajinkya Rahane invests in Mahindra's agri firm MeraKisan

Ajinkya hails from a farming background

M&M hits 52-week low after February auto sales numbers, recovers later

The stock, however, recovered its early morning losses to hit an intra-day high of Rs 467.95 following the company's disclosure that its domestic Farm Equipment Sector grew by 21% in February.

Maxxis bets big on India as it aims to enter top 5 global tyre maker list

The company is investing $400 million on its first manufacturing plant at Sanand in Gujarat, where it is working to hike output

10 listed firms that will see greatest impact of FM's customs duty tweaks

While some importers might have to absorb costs to protect their market share, other indigenous manufacturers should benefit

Indians use too big cars to move single person: M&M's Pawan Goenka

He also conceded that the automobile industry does add to pollution, and pitched for adopting all the means to reduce it

Mahindra Renewables to sell entire stake in 3 arms for Rs 340 crore to CLP

Mahindra & Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore. Mahindra Renewables Pvt Ltd (MRPL) has on Friday agreed to sell its entire stake aggregating 100 per cent of the paid-up equity share capital in Cleansolar Renewable Energy Pvt Ltd (CREPL), Divine Solren Pvt Ltd (DSPL) and Neo Solren Pvt Ltd (NSPL), wholly-owned subsidiaries of MRPL, to CLP India Pvt Ltd (CLP), Mahindra & Mahindra said in a regulatory filing. As per the share purchase agreement, CLP will acquire 96,23,000 equity shares of Rs 10 each in CREPL at a price of Rs 113.11 per share, aggregating to Rs 108.85 crore. Similarly, it will acquire 1,20,80,000 equity shares of Rs 10 each in DSPL at a price of Rs 104.57 per share, aggregating to Rs 126.32 crore. CLP will also buy 93,15,000 equity shares of Rs 10 each of NSPL at a price of Rs 112.37 per share aggregating to Rs ...

M&M net profit plummets 85% in December quarter, future looks bleak

The bottomline shrank so badly even as revenue fell only 4 per cent to Rs 25,303 crore, while margin improved to 14.8 per cent from 13.2 per cent, the company said

Mahindra & Mahindra slips 5% on muted December quarter results

The company's reported net profit during the quarter was impacted by Rs 600 crore due to the provisions made towards impairment of certain investments

SoftBank in talks to pick up minority stake in Mahindra Electric Mobility

For SoftBank, EVs are a key area of focus. It has already invested over $250 million in Ola Electric Mobility where it is a key investor

M&M Q3 net profit slumps 73% to Rs 380 cr; Tractor sales slips 6%

Vehicle sales during the third quarter stood at 1,23,353 units as against 1,33,508 units in the same period last fiscal, a decline of 8 per cent.

Auto Expo: Mahindra unveils electric variant of SUV KUV100 at Rs 8.25 lakh

Homegrown auto major Mahindra & Mahindra on Wednesday introduced electric variant of its compact SUV KUV100 at starting price of Rs 8.25 lakh (ex showroon Delhi post FAME benefits) at Auto Expo here. The company claims that electric KUV 100 (eKUV 100) is India's most affordable passenger electric vehicle in the segmen. eKUV100 offers peak power output of 40kW, torque of 120 Nm and a range of 147 km, ideal for city commuters. It comes with automatic transmission and could be fast charged to 80 per cent within 60 minutes. Besides, the company showcased e-XUV300, which is expected to hit the market in the second half of 2021 to strengthen its position in the EV segment. The company, part of USD 20.7 billion Mahindra group has also showcased Aton, a new age urban mobility solution and Funster, a roadster electric concept with convertible rooftop. "It is our firm belief that shared mobility would drive large scale adoption of electric vehicles and hence our product offerings would ...