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Mahindra & Mahindra to set up agriculture research centre in US
Posted on 2nd May 2018
Mahindra & Mahindra (M&M), the world’s largest tractor manufacturer by volume, said it plans to set up a Mahindra Ag Tech Centre in US at the Virginia Tech Corporate Research Center. The company said in a release on Tuesday that the research facility will focus on creating technology products for the North American agriculture market. Currently, M&M is ranked third in the 0-120 HP category of tractors in the US.

Analyst Corner: Maintain ‘buy’ on M&M Fin Services with TP of Rs 600
Posted on 28th April 2018
Mahindra & Mahindra Financial Services reported PAT of Rs 420 crore (5% miss). While net income was in line and provisions were lower than estimated (23% lower), higher one-time gratuity provisions and employee incentive cost led to the PAT miss.

Calculated NIM on AUM expanded 140bp q-o-q, led by yield expansion, as MMFS gained market share in used vehicles and non-M&M OEMs. b) Adj.

M&M's tractor business now worth twice as much as automotive division
Posted on 24th April 2018
Mahindra & Mahindra (M&M), the country’s biggest tractor maker, has seen its market cap swelling by over Rs 100 billion since the start of the new financial year, giving it a valuation of Rs 1.03 trillion. The stock hit a new high of Rs 839 on Tuesday, showing a cumulative increase of over 12 per cent since the beginning of April.

The only visible trigger for this price increase is the forecast of a normal monsoon by private forecaster Skymet, as well as the India Meteorological Department (IMD).

M&M prices new XUV 5OO lower to take on rivals
Posted on 19th April 2018
After losing market share in the utility vehicle (UV) segment to competition in FY18, Mahindra & Mahindra (M&M) seems to be in fight-back mode. On Wednesday, it launched the new XUV 5OO at a much more affordable price point, perhaps with an eye on the volumes that are being garnered in the sports utility vehicle (SUV) segment by later entrants like Maruti and Hyundai whose models were priced cheaper. In fact, Maruti in FY18 has emerged as the new leader in SUVs in India.

M&M joins Rs 1-trillion market-cap club; stock hits new high
Posted on 17th April 2018
Mahindra & Mahindra (M&M) has joined the elite club Rs 1-trillion market capitalization (market-cap) on the BSE, as its share price hit an all-time high of Rs 819 in early morning trade on Tuesday.

With the market-cap of Rs 1.01 trillion at 10:00 am; M&M stood at number 30th position in overall market-cap ranking, the BSE data shows. Currently, M&M stood just behind of Tata Motors, which has market-cap of Rs 1.08 trillion (include Tata Motors DVR).

M&M launches its luxury EV brand in Europe
Posted on 14th April 2018
Mahindra & Mahindra (M&M) on Friday said it will be launching its luxury electric car brand, Automobili Pininfarina, in Europe, with the first hypercar scheduled for 2020. In a release, the company said the brand will “design, engineer and manufacture high technology, extreme performance, luxury EVs for the most discerning global customers”

Tata Motors, Mahindra in race to roll out electric light commercial vehicles
Posted on 31st March 2018
New Delhi: Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) Ltd are facing off once again, this time in electric engines.

Both are speeding up their work on developing electric powertrains for their small commercial vehicles in the sub 2-tonne category.

Mahindra-Ford’s latest alliance seems to be a 1995 redux
Posted on 27th March 2018
A Friend in need is a friend indeed. This old adage aptly sums up the second coming of the Mahindra & Mahindra (M&M) and Ford Motor Company (Ford) alliance. The two auto majors had first floated an equal (50:50) joint venture (JVs) 23 years ago, in 1995, around the time when the fourth phase of economic reforms (1998-2006) had kicked in, with easier FDI norms and an accent on inducting new technologies.

Mahindra, Ford Motor enter second phase for a potential alliance
Posted on 23rd March 2018
Mahindra and Mahindra and the India subsidiary of Ford Motor have signed five non-binding agreements, furthering the accord signed between them last September, Mahindra said.

The two automobile makers would be collaborating on multiple areas including connected vehicle projects, electric battery vehicles, development of compact sports utility vehicles (SUVs), B-segment SUVs and power trains.

Mahindra, Ford may firm up pact soon to ride together
Posted on 19th March 2018
Mahindra & Mahindra (M&M) and Ford India are likely to formalise a memorandum of understanding that they signed six months ago and establish a partnership in the coming week to 10 days, according to several people with knowledge of the matter.

They are likely to share vehicle architecture, electric powertrains, common sourcing and leverage each other’s distribution network in the first phase, they said.

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