| Mahindra India Related news |
Mahindra launches e-mobility service in Mumbai
Posted on 25th February 2019 |
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New Delhi: Auto major Mahindra & Mahindra (M&M) on Monday said it has launched a technology-based electric mobility service in Mumbai on select routes. As part of the initiative - Glyd - the company flagged off the first batch of 10 e-Veritos in the city. |
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Mahindra & Mahindra bets on new product portfolio for Ssanyong Motor Co turnaround
Posted on 21st February 2019 |
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As part of a turnaround strategy for the loss-making Ssangyong Motor Company (SYMC), Mahindra & Mahindra (M&M), which owns 74.65% stake in the Korean automaker, is betting on a new product portfolio to ramp up volumes and increase revenues. “Losses mean that revenue is less than expenses. Clearly we are working on all the levers that we need to have to reduce the expenses and the main lever is volume. |
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Mahindra & Mahindra hits 52-week low on tractor guidance cut; stock down 3%
Posted on 11th February 2019 |
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Shares of Mahindra & Mahindra (M&M) hit a 52-week low of Rs 661 per share, down 3 per cent on the National Stock Exchange (NSE) in early morning trade on Monday after the management revised its tractor volume guidance lower to 10 per cent from earlier lower band of 12-14 per cent. It also expects FY20 tractor growth to be in single digits. The passenger vehicles industry is expected to grow at around 5-6 per cent in FY19. |
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Mahindra & Mahindra net proft rises 12 per cent to Rs 1,505 crore
Posted on 9th February 2019 |
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Mahindra & Mahindra (M&M) on Friday reported a 12% year-on-year (yo-y) rise in consolidated net profits to Rs 1,504.5 crore for the three months to December supported by an increase in other income to Rs 342.28 crore. Profitability at the automaker took a hit with the Ebitda (earnings before interest, tax, depreciation and amortisation) margins falling by 150 basis points year-on-year to 13.2%. The operating profit was marginally up by 0.7% y-o-y at Rs 1,702.85 crore. |
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M&M consolidated Q3 net jumps 60% to Rs 1,476 cr, operating margin falls
Posted on 8th February 2019 |
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Mahindra & Mahindra and its subsidiary Mahindra Vehicle Manufacturers reported a 60 per cent YoY rise in their consolidated net profit at Rs 1,476 crore for third quarter (October-December) of FY19. Revenue for the quarter rose 14 per cent to Rs 13,235 crore, against Rs 11,594 crore in the year-ago quarter. |
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M&M launches new range of intermediary CVs
Posted on 30th January 2019 |
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Betting on providing better profitability for Intermediary Commercial Vehicle (ICV) customers, Mahindra’s Truck and Bus Division (MTB) on Tuesday launched two models — Furio12 and Furio14 — with a starting price of Rs 17.45 lakh and Rs 18.10 lakh, respectively. The ICV segment comprising 9-14 tonne gvw (gross vehicle weight) of vehicles sells 1,50,000 units per annum. |
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M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low
Posted on 28th January 2019 |
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Shares of three automobile companies – Mahindra & Mahindra (M&M), Hero MotoCorp and Maruti Suzuki India – along with Adani Ports and Special Economic Zone and nine stocks from the Nifty 50 index Cipla, Coal India, Grasim Industries, JSW Steel and Tata Steel hit their respective 52-week lows on Monday. Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows. |
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M&M Financial Services gets nod to raise Rs10,000 crore
Posted on 29th December 2018 |
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New Delhi: Mahindra & Mahindra Financial Services on Friday said that it has received approval from Registrar of Companies to raise up to Rs10,000 crore through non-convertible debentures. The company informed stock exchanges that it will issue “secured redeemable non-convertible debentures and/or unsecured subordinated redeemable non-convertible debentures of face value of Rs1,000 each for an amount up to Rupees 10 thousand crores”. |
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M&M vrooms into SUV mart
Posted on 26th December 2018 |
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The Mumbai-based Mahindra & Mahindra (M&M) is on a launching spree. The auto major, which launched two SUVs in the past few months- Marazzo and Alturas G4, recently unveiled the name of its upcoming sub-4-metre compact SUV, codenamed S201, which will be known as XUV300. |
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With XUV300, Mahindra and Mahindra eyes 20% share in compact SUVs
Posted on 20th December 2018 |
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Mahindra and Mahindra (M&M) is looking to corner 15-20 per cent market share in the competitive compact SUV segment with its about-to-be-launched offering — the XUV300. It will also launch an electric version of the model in 2020. Based on the Ssangyong Tivoli platform, the sub-four metre, five-seater model will compete with Ford Ecosport, Suzuki Vitara Brezza and Renault Duster and go on sale in the first half of February. “The XUV500 is a very successful model. The Cheetah-inspired model is really liked by consumers. |
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