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.

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.

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.

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”.

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.

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.

New Delhi: Mahindra and Mahindra Ltd’s electric mobility arm, Mahindra Electric Mobility Ltd, on Wednesday signed a memorandum of understanding (MoU) with Goldie Srivastava-led SmartE, one of India’s largest electric vehicle fleet operators. According to the MoU, SmartE will deploy the first 1,000 Mahindra Treo and Treo Yaari electric three-wheelers in Delhi NCR by March 2019, Mahindra said in a statement.

New Delhi: Mahindra and Mahindra Ltd has started selling cars of Ford Motor Co. in India as the automakers expand their alliance beyond the joint development of vehicles. For the first time, Mahindra dealers are opening showrooms for Ford cars, especially in regions where the Detroit, US-based automaker does not operate one or the existing dealer has not been able to garner sufficient sales, said two people aware of the development, requesting anonymity.

JAIPUR | MUMBAI: Mahindra and Mahindra, India’s leading manufacturer of utility vehicles, is leveraging its overseas unit SsangYong to develop new products and expand its portfolio seven years after acquiring the South Korean brand.

The company has set itself a target of selling 9,000 units a month from three all new products planned this financial year,

Today, Mahindra & Mahindra (M&M), the utility and electric vehicle major, will launch the Alturas G4 SUV in India—which is a vehicle based on SsangYong Rexton (SsangYong is a South Korean automobile manufacturer and a subsidiary of M&M). With the Alturas G4, the company will foray into the Indian premium SUV segment, currently dominated by Toyota Fortuner and Ford Endeavour.

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