Page 4 - Mahindra & Mahindra

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

On 75th I-Day, M&M unveils e-mobility plan with five new electric SUVs

The brands will be manifested through five e-SUVs under XUV.e8, XUV.e9, BE.05, BE.07 and BE.09

Volkswagen AG, M&M deepen EV component co-operation, sign term sheet

The agreement covers components of Volkswagen's open platform for electric vehicles (EVs), called MEB, to be supplied to Mahindra's new electric platform INGLO, the companies said in a joint statement

M&M launches new brand BE in UK, lines up five electric SUVs

The company would introduce the first of the five e-SUVs towards the end of 2024, starting with the Indian market

M&M inaugurates its state-of-the-art EV design studio in the UK

Anand Mahindra, Chairman, Mahindra Group inaugurates Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire

LIC cuts stake in M&M to 6.42% from 8.43%, garners Rs 2,222 crore

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore. Under Sebi norms, listed companies are required to intimate the stock exchanges when their shareholding in an entity changes by 2 per cent or more. On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of Mahindra and Mahindra fell 0.46 per cent to Rs 1,269 apiece.

BSE, NSE to remain closed for trading today on account of Muharram

The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment

Tractor headwinds may offset M&M's strong utility vehicle segment show

Upsides may be limited given the sharp rerating for the stock since March

Britain's West Midlands lobbying M&M to open motorcycle factory in the area

Midlands region is home to more than 400 specialist firms including Aston Martin Lagonda and India-owned Jaguar Land Rover

Q1 results: M&M's consolidated net profit jumps more than 5 times

Mahindra said it received more than 100,000 orders within 30 minutes of opening books for its Scorpio-N SUV, worth around Rs 18,000 crore in sales value

Mahindra & Mahindra Q1 consolidated profit jumps to Rs 2,360.70 cr

Mahindra & Mahindra Ltd on Friday reported a consolidated profit after tax of Rs 2,360.70 crore in the first quarter ended June 30, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated loss after tax of Rs 331.74 crore in the year-ago period, M&M said in a regulatory filing. Revenue from operations increased to Rs 28,412.38 crore in the first quarter this fiscal, as compared to Rs 19,171.91 crore in the corresponding period a year ago, it added. Total expenses during the quarter were higher at Rs 26,195.01 crore, as against Rs 20,286.24 crore in the same period a year ago, the company said. The automotive segment clocked revenue of Rs 12,740.94 crore in the quarter, up from Rs 6,316.79 crore in the same period last fiscal. In volume terms, the company said it sold 1,49,803 vehicles in the quarter under review, as compared to 85,858 vehicles in the year-ago period, a growth of 74 per cent. The farm equipment vertical had

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa

Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year. The stock climbed 6.15 per cent to settle at Rs 1,236.35 apiece on the BSE. During the day, it rallied 7.18 per cent to its 52-week high of Rs 1,248.40. It was the biggest gainer among the Sensex constituents. On the NSE, the stock jumped 6 per cent to Rs 1,234.50 apiece. In volume terms, 16.65 lakh shares were traded on the BSE and over 1.26 crore shares on the NSE during the day. On Monday, Mahindra & Mahindra Ltd reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

M&M domestic passenger vehicle sales up 33% in July at 28,053 units

Mahindra & Mahindra Ltd on Monday reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. Domestic utility vehicle sales during the month were at 27,854 units, as against 20,797 units in the year-ago month, a growth of 34 per cent, it added. On the other hand, sales of cars and vans were down 20 per cent at 199 units, as compared to 249 units a year ago, M&M said. M&M President, Automotive Division, Veejay Nakra said the company witnessed robust demand for its brands, including XUV700, Thar, Bolero and XUV300. "The supply chain situation continues to remain dynamic, and we are monitoring the situation closely," he added. M&M said sales of commercial vehicles were at 20,946 units last month, as against 17,666 units in the year-ago month, a growth of 18.56 per ...

Real estate demand from industries is seeing a steep rise: Arun Nanda

After working for 50 years in various capacities in the Mahindra group, Nanda retired as the Chairman of Mahindra Lifespaces last week

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

M&M Finance posts net profit of Rs 240 cr in Q1; total income rises 14%

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact of second wave of COVID-19, Mahindra & Mahindra Financial Services (Mahindra Finance) said. The net profit in the period was 62 per cent lower when compared to the previous March quarter. Total income during April-June 2022-23 increased to Rs 2,914 crore from Rs 2,567 crore earlier, Mahindra Finance said in a regulatory filing. Interest income was up at Rs 2,766 crore as against Rs 2,465 crore. Besides, total expenses for the Mahindra group's non-banking financial arm fell 45 per cent to Rs 2,607 crore as against Rs 4,725 crore. Though the expenses were higher from Rs 2,035 crore in March 2022 quarter. The June quarter earnings include results from as many as .

Mahindra & Mahindra to ride on immersive Qualcomm tech for new Scorpio-N

Mahindra & Mahindra on Monday announced a collaboration with chip-maker Qualcomm to bring latest technology advancements for comfortable, safe and intelligent driving experiences in its all-new Scorpio-N vehicle.

Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices

Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact