Page 6 - Mahindra & Mahindra

M&M to pursue engineering actions to address rare earth shortage: CFO

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors. The magnets are essential components across sectors like automobiles, household appliances, and renewable energy. "Basis, all the actions we have taken, FY26 is more or less managed. We have to now work on some medium and long term actions," Mahindra & Mahindra (M&M) Group Chief Financial Officer Amarjyoti Barua told PTI in an interaction. The company has taken steps to build inventory through alternative sources to take care of the problem, he stated. "It has panned out well for us so far and we do not ...

Mahindra & Mahindra completes acquisition of 59% stake in SML Isuzu

Mahindra & Mahindra on Saturday said it has completed the acquisition of 58.96 per cent controlling stake in commercial vehicle manufacturer SML Isuzu Ltd and has renamed it as SML Mahindra Ltd (SML). M&M Ltd also said that it has reconstituted the company's board, which will now be headed by Mahindra Group veteran Vinod Sahay as its Executive Chairman. Venkat Srinivas has been appointed as the Executive Director & Chief Executive Officer of SML, it added. Sahay is currently president for aerospace and defence, trucks, buses & CE Mahindra Group, a position he will continue to serve, it said. Sahay's appointment as Executive Chairman of SML Isuzu is effective from August 3 and that of Srinivas from August 1, the company said. In addition to his new role, Srinivas will continue to serve as the Business Head for Mahindra Truck & Bus (MTB) and Construction Equipment (CE), it said. M&M had in April this year signed a share purchase agreement to 58.96 per cent stake .

Mahindra offers one-time Esops to 14,000 staff, includes factory workers

In a first, Mahindra grants Esops as reward for long-term contribution amid strong Q1 results and surge in SUV and tractor sales

Mahindra & Mahindra vehicle sales rise 26% to 83,691 units in July

Mahindra & Mahindra on Friday posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year. In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year. "Our SUV growth has been supported by the recent launch of XUV 3XO 'REVX' Series & the commencement of deliveries for Pack two variants of the BE 6 and XEV 9E models, Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said. The company said its tractor sales in the domestic market stood at 26,990 units last month, as against 25,587 units in July 2024, a growth of 5 per cent. Total tractor sales (domestic and exports) last month were at 28,708 units, as against 27,209 units for the same period last year. "This performance was driven by sustained land preparation activities, supported by robust cash flows in ...

M&M Q1 PAT rises 24% to ₹4,083 crore on strong auto volume growth

Auto volumes rise 17 per cent, SUV market share improves 570 bps to 27.3 per cent, while farm and services also report healthy margins and profits in Q1FY26

Mahindra EV biz posts ₹111 crore Q1 EBITDA, awaits PLI nod for XUV9e

Strong demand for electric SUVs boosts Mahindra's EV business to Rs 111 crore EBITDA in Q1FY26; company awaits PLI certificate and ramps up production gradually

Mahindra Q1 results: Net profit up 24% to ₹4,083 cr, income at ₹45,529 cr

Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of Rs 3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it ...

Motilal Oswal sector of the week: Tractor industry; check top stock picks

While near-term sentiment remains positive, industry watchers remain cautious about upcoming monsoon trends and rural liquidity-both critical for sustaining demand in the remaining quarters

M&M shares hit new high, soar 40% from April low; more upside ahead?

Driven by a strong order backlog and new launches, Motilal Oswal Financial Services expects M&M to continue outperforming industry growth in FY26

Smallcap auto stock surges 10% post Q1 results; zooms 102% in 1 month

Shares of SML Isuzu hit a new high at ₹3,675.15, and were locked at the 10 per cent upper circuit on the BSE in Friday's intra-day trade.

GST rate rejig: Tractors, ACs may emerge as key beneficiaries, says Nomura

Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.

CAFE norms battle hots up: M&M counters Maruti Suzuki on relief

Industry divide complicates govt's efforts to finalise new fuel-efficiency norms

Mahindra Logistics to raise up to ₹750 crore through rights issue

Mahindra Logistics, a Mahindra Group company, plans to raise up to ₹750 crore through a rights issue to repay borrowings and for general corporate purposes

Mahindra, Uno Minda eye making rare earth magnets in India as China curbs bite

Mahindra and Uno Minda are exploring rare earth magnet manufacturing in India as the government considers incentives and stockpiling amid Chinese export curbs

Mahindra BE 6, XEV 9e Pack Two EV deliveries to start by July-end

BE 6 and XEV 9e Pack Two models to feature a new 79 kWh battery option with a 500 km range, Level 2 ADAS, fast charging and expanded connected car features

SML Isuzu zooms 44% in 6 days; what's fuelling the automobile stock?

SML Isuzu reported 6.3% YoY growth in total vehicle sales of 1,871 units in June 2025, driven by cargo vehicle sales, which grew 41.6 per cent YoY to 480 units during the month.

Nifty Auto sees Golden Cross, 5 stocks with similar patterns; how to trade?

MRF, TVS Motor, Tata Motors, Maruti, Mahindra & Mahindra and Ashok Leyland from the Nifty Auto index have witnessed a 'Golden Crossover' in recent months; here's a detailed outlook.

Nomura maintains FY26 auto growth forecasts despite June wholesale miss

Tractors emerged as the lone outperformer, posting a robust 10 per cent Y-o-Y rise, ahead of Nomura's 6 per cent projection.

Mahindra & Mahindra's overall auto sales rise 14% in June at 78,969 units

Mahindra & Mahindra on Tuesday reported a 14 per cent year-on-year increase in its overall auto sales to 78,969 units in June. In the passenger vehicles segment, the company said its utility vehicles sales surged 18 per cent to 47,306 units in the domestic market last month against 40,022 units in the year-ago period, up 18 per cent. Domestic three-wheeler sales stood at 8,454 units, an increase of 37 per cent as compared with 6,180 units in June last year, M&M said in a statement. Total exports increased 1 per cent year-on-year to 2,634 units last month. "The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs," Nalinikanth Gollagunta, Mahindra & Mahindra (M&M) CEO - Automotive Division, said. In the farm equipment sector (FES), the company said its total tractor sales (domestic and exports) rose 13 per cent to 53,392 units in June from 47,319 units a year ago. In the domestic market, tractor sales grew 13 per cent to 51,769 units ..

India poised to emerge as global manufacturing powerhouse: M&M Group CEO

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's ...