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Mahindra & Mahindra first quarter net rises 67% at Rs 1,257 crore
Posted on 8th August 2018
Mahindra & Mahindra (M&M) on Tuesday reported a 67% year-on-year rise in consolidated net profits at Rs 1,257 crore for the three months to June, driven by a smart increase in revenues. It may be recalled that Q1FY18 was the pre-GST quarter during which companies stayed light on inventories. The company’s revenue rose 23% year-on-year to Rs 13,358 crore, driven by increase in volumes of 5.6% year-on-year in SUVs and a smart 19% year-on-year jump in the volumes of tractors.

Fiat Chrysler Automobiles accuses M&M of Jeep design infringement
Posted on 4th August 2018
Italian-American automotive major Fiat Chrysler Automobiles (FCA) has filed a trade complaint seeking to stop Mahindra & Mahindra (M&M) from selling an off-road vehicle that it recently launched in the US, alleging that the Indian vehicle had ripped off designs from its iconic Jeep.

Mahindra to launch India’s first electric SUV in 2019: All-new e-Verito sedan on cards
Posted on 2nd August 2018
Mahindra electric KUV100 (eKUV 100) SUV will be the first ever all-electric SUV to be launched in India with its launch scheduled in May/June 2019. Earlier in 2017, Dr Pawan Goenka had confirmed KUV100 going all-electric and the SUV was also showcased at the Auto Expo 2018. Mahindra Electric is currently the only automaker in India to commercially sell electric cars in India with the sale of Mahindra E20 Plus and Mahindra e-Verito.

Mahindra forays into ICV segment with Furio
Posted on 25th July 2018
Mahindra’s Truck and Bus Division (MTBD), the commercial vehicle arm of Mahindra Group, on Tuesday unveiled its new range of intermediate commercial vehicles (ICVs) called Furio, in a bid to increase its market presence in the commercial vehicles (CVs) segment.

Under the range, MTBD will be launching 21 products ranging from 6.5T to 16T, seven of which will be launched with BS-IV engine and the rest complying with BSVI norms.

Mahindra & Mahindra gains for fifth straight session, hits new high
Posted on 9th July 2018
Shares of Mahindra & Mahindra (M&M) were quoting higher for the fifth straight trading days, hitting new high of Rs 940, up 2% on the BSE, after the government last week increased the minimum support price (MSP) of kharif crops for 2018-19.

In past six trading sessions, M&M has rallied 6% as compared to 1.5% rise in the S&P BSE Sensex. In past four months, it surged 29% against 7.5% rise in the benchmark index.

Mahindra and Mahindra sets aggressive goals for farm equipment business
Posted on 3rd July 2018
Mahindra and Mahindra, (M&M) a market leader in tractor and farm equipment, has set itself an aggressive goal for both domestic and overseas business as it charts the next phase of growth. As part of the plan, the company envisages drawing half of its revenue in the segment from overseas operations over the next two to three years, up from the current 37 per cent, even as it aspires to increase its share in the domestic tractor market form the current 43 per cent to 50 per cent, company's top official said.

Mahindra tractor sales up 22% to 40,529 units in June over year-ago period
Posted on 2nd July 2018
Home-grown auto major Mahindra and Mahindra (M&M) on Monday reported 22 per cent rise in total tractor sales to 40,529 units in June.

It had sold 33,093 units in June last year.

Mahindra and CIE Automotive reap dividends of partnership forged 5 yrs ago
Posted on 13th June 2018
Five years since Mahindra and Mahindra and CIE Automotive stitched a deal to create a large auto component firm with a global footprint, the strategy has paid off for both the companies in terms of operational and financial performance and market capitalisation. Having successfully integrated the businesses across the geographies, Mahindra CIE is now scouting for acquisition of auto component firms in India in a bid to plug some gaps in its product and customer portfolio said Hemant Luthra, non-executive chairman, Mahindra CIE.

M&M to return to China, tap $25-billion agri equipment market
Posted on 8th June 2018
MUMBAI: Mahindra & Mahindra, the world’s largest tractor maker by volume that exited a Chinese joint venture last year, is planning to return to the $25-billion agriculture equipment market in that country.

This time, the company will be venturing on its own to the market, and focusing on the much larger farm machinery space and not just on tractors. In 2017, it had sold a 51% stake in China’s Yueda Yancheng Tractor for Rs 80 crore.

Mahindra & Mahindra's Iran expansion may hit US sanctions bump
Posted on 4th June 2018
Mahindra & Mahindra's (M&M) plan to venture into the Iranian automotive market, for which it recently partnered Azim Khodro, is facing some uncertainty after the US reimposed sanctions on the Persian Gulf country.

A company spokesperson, in response to DNA Money queries, said that the implications of the sanctions are being studied and a "considered decision will be made at an appropriate time".

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