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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".

M&M hits new high on strong Q4 results
Posted on 30th May 2018
Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 895 per share, up 3%, extending their 2.2% gain on Tuesday on the BSE in an otherwise weak market, after the company reported a strong 50% year on year growth in consolidated net profit at Rs 11.55 billion in March 2018 quarter (Q4FY18). It had profit of Rs 7.7 billion in the same quarter last fiscal.

M&M Q4 net surges 50% to Rs 1,155 cr on robust sales
Posted on 29th May 2018
Mahindra & Mahindra today posted 50 percent jump in net profit to Rs 1,155 crore for the March quarter, driven by robust sales across segments including utility vehicles and tractors. M&M had reported a net profit of Rs 770 crore during the January-March quarter of the previous fiscal.

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.

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