Page 8 - M&m

Mahindra & Mahindra gets patent for solar power system on vehicle rooftops

These solar panels are fixed atop vehicle roofs to act as supplementary power source for electrical load demand without impacting the vehicle's aerodynamics

M&M aims to boost exports with Ford partnership, but market is in a slump

Both companies expect to achieve cost synergies, pare product development time and cost and leverage each other's distribution reach to boost exports

Nifty Outlook & top trading ideas by CapitalVia: Buy Apollo Hospitals, M&M

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

M&M offers subscription-based SUVs in a bid to target younger generation

Joins automakers Tata Motors, Volkswagen, Nissan in launching services on select models

M&M offers its personal cars on monthly subscription to boost demand

Home-grown auto major Mahindra & Mahindra rolled out on Thursday a subscription-based service for retail buyers of its personal range of vehicles to boost plummeting demand. The vehicles under the scheme, which has initially been launched for its customers in Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad, will be available at a subscription price starting from Rs 19,720 per month, the company said in a release. The scheme covers models like KUV100, XUV500, XUV300, Scorpio, TUV300, Marazzo and Alturas G4, which will be available for a period of one to four years in case of a new car, it said. We are introducing an all-new subscription model for retail customers of our personal vehicles. With this flexible, affordable offering, we hope to help our customers fulfill their aspiration of driving their desired vehicles without necessarily owning them," said Veejay Ram Nakra, chief of sales and marketing for the automotive division at ..

M&M to acquire 55% stake in Meru for cash consideration of Rs 201.5 cr

Homegrown utility vehicles major Mahindra & Mahindra is acquiring 55 per cent stake in ride hailing and radio taxi operator Meru Travel Solutions for a cash consideration of up to Rs 201.5 crore, according to a regulatory filing by the company. The company signed a share subscription and shareholder agreement on Saturday for subscribing up to 55 per cent of equity share capital of Meru Travel Solutions Pvt Ltd in tranches, Mahindra & Mahindra said in a BSE filing. Under the agreement, after investment of the first tranche in Meru, M&M will have the right to appoint majority of the directors on the board of Meru and will control its composition, it added. "Upon obtaining such right, Meru will become a subsidiary of the company," M&M said, adding subsidiaries of Meru -- Meru Mobility Tech Pvt Ltd, V-Link Automotive Services Pvt Ltd and V-Link Fleet Solutions Pvt Ltd -- would in turn also become subsidiaries of M&M. As per the filing, the acquisition will be through .

M&M lays off 1,500 temporary workers, seeks govt stimulus for industry

Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels

Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .

Amid slowing sales, carmakers fear fee hike will further dent demand

The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals

Muted outlook to weigh on M&M stock; price hikes to make matters worse

In addition to the cut in the GST from the current 28 per cent, the company hoped for scrappage policy to boost demand

M&M consolidated PAT falls 52.56% in June quarter to Rs 894 over weak sales

Mahindra & Mahindra on Wednesday reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30, hit by lower vehicle sales. The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the same quarter of the previous financial year, Mahindra & Mahindra said in a regulatory filing. Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago. In the first quarter, M&M said its total vehicle sales stood at 1,23,690 units as against 1,30,484 units in the year-ago period, down 5 per cent.

M&M's GA8 planes to fly after Australia, EU lift grounding orders

Australia's Civil Aviation Safety Authority said the precautionary suspension was triggered by initial information that the plane had broken up in flight

Asset quality concerns return to haunt M&M Financial's investors

While provisioning costs more than double, NPA levels may remain elevated until loan growth recovers

Dip in tractor sales a temporary blip for M&M, demand seen rising again

Farm sector worries and marginal market share loss resulted in tepid tractor sales in December

M&M eyes world SUV market

M&M eyes world SUV market

M&M to drive in multiple versions of its entry-level models KUV100, TUV300

Utility vehicles major Mahindra & Mahindra (M&M) plans to drive in multiple versions of its entry-level models KUV100 and TUV300, catering to different sets of customers, a senior company official said. Looking at the two brands as "long term and strategic", the company is investing in new technologies, including making the products confirm to BS-VI emission norms. Besides an updated version of TUV300 next year, M&M is gearing up to introduce an electric version of KUV100 as well. The company also plans to launch a diesel version of KUV100, mated with an automated manual transmission (AMT), in the current fiscal. "We always said that we want to be full range SUV player and both these products (TUV300 and KUV100) are very important for us," M&M Chief of Sales and Marketing (Automotive Division) Veejay Ram Nakra told PTI. Elaborating on the importance of the two products, he said that besides making them BS-VI compliant, the company is also investing to make them meet ...

M&M raises tractor volume forecast, posts 23% revenue growth to Rs 133 bn

Volume growth and operational efficiencies help in strong performance for June quarter

M&M beats estimates for Q1 profits, net surges 63% to Rs 12.2 bn

(Reuters) - India's Mahindra & Mahindra Ltd reported a better-than-expected 63 percent surge in first-quarter profit on Tuesday, underpinned by robust sales.

Strong UV, tractor biz perk up M&M's PAT

M&M's revenue grew 17 per cent to Rs 12,573 crore

M&M forays into construction equipment space, launches first motor grader

Mahindra and Mahindra (M&M) today announced foray into construction equipment business by launching its first motor grader. The Mumbai-based company today rolled out its first motor grader -- Mahindra RoadMaster G75 -- under the business vertical. "We are targeting to sell around 200 units over the next one year. We already have orders for 50 motor graders as of now," M&M President Automotive Sector Rajan Wadhera told PTI. The company's motor grader is priced at Rs 34.99 lakh and around one-third of the cost of big ones being sold by other companies, he added. The company would introduce other products after establishing the product in the market, Wadhera said. The RoadMaster G75, being rolled out of the company's Chakan plant, has been designed and developed after an in- depth understanding of the needs of the road contractor fraternity, he added. "Our aim is to liberate them from deployment of various sub-optimal methods with limited mechanisation and thereby, .