Mahindra And Mahindra

Friday, Apr 19, 2024 | Last Update : 05:15 PM IST

Surprised that Q1 results weren't too bad? Just look at operational expenses

Operational expenses like advertising and promotion, travel, freight and forwarding were down sharply

24 Aug 2020 6:29 PM

In a statement, Mahindra and Mahindra said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of chief executive officer (CEO) for a year, effective 1 April, 2020.

Mahindra announces succession plan, Anand Mahindra to become non-exec chairman

Anish Shah will transition to become Managing Director and CEO on April 2, 2021, replacing Goenka, who will retire after his term ends.

20 Dec 2019 3:28 PM

Mahindra and Mahindra, India’s biggest utility vehicle maker, on Friday reported a 26.5 per cent drop in quarterly net profit as the company struggled to sell cars, trucks and tractors amid a slowdown in Asia’s third-largest economy.

Mahindra and Mahindra Q2 net slips 27 per cent, revenue down 14.5 per cent

The tax expense for the quarter stood at Rs 403.4 crore as against Rs 519.4 crore incurred in the previous year.

09 Nov 2019 3:59 AM

Sources also revealed that Tata Motors had also cut production of its small pick-up trucks at its Pantnagar plant by 17 per cent in August.

Tata Motors to shut Jamshedpur plant for third time this month

Till date over 450 dealerships of various auto brands have been shut across the country due to sales slump, rendering thousands jobless.

16 Aug 2019 1:15 AM

With no incentives from the government yet, and the continuing liquidity crisis and abject lack of consumer and market sentiment, passenger vehicle sales in India continue to head south for straight nine months.

Car sales plunge yet again

Sales also dropped 10 per cent at Hyundai Motor at 39,010 cars, down from 43,481units it sold last year.

02 Aug 2019 1:56 AM

At present, the vehicles sold in the country conform to BS-IV emission standards.

M&M ready to launch BS-VI compliant vehicles next year

The stringent BS-VI emission norms will come into force from April 1, 2020 across the country.

04 Jun 2019 2:19 AM

FAME II to help accelerate EV launches: Mahindra

The company has set up an electric technology manufacturing hub in Bengaluru with an investment of Rs 100 crore.

03 Mar 2019 11:04 AM

XUV300 will be equipped with top safety features such as seven airbags, besides dual-zone fully automatic climate control.

M&M opens bookings for upcoming compact SUV XUV300

The XUV300 is an exciting and comprehensive package that will compete with SUVs in the Rs 8-12 lakh (ex-showroom) price range.

09 Jan 2019 6:18 PM

Senior government officials have denied using Mahindra and Mahindra Ltd and Tata Motors manufactured electric cars on the basis of poor performance and low mileage, says report.

Citing poor performance and mileage, govt officials refuse to use e-vehicles

Both models were not capable of providing an average of more than 80-82 km on single charge in cities.

27 Jun 2018 12:33 PM

Mahindra & Mahindra (M&M) on Thursday said it will invest an additional Rs 500 crore at its Chakan plant in Maharashtra to expand its electric vehicles portfolio.

Mahindra to invest Rs 500 cr in Chakan plant to expand EV portfolio

M&M will deploy 25 e2oPlus vehicles ported on the Zoomcar platform in Mumbai.

31 May 2018 4:35 PM

Mahindra tractor sales up 18 per cent in April

Mahindra and Mahindra on Tuesday reported 18 per cent jump in total tractor sales to 30,925 units in April.

01 May 2018 2:16 PM

M&M said the cost of acquisition is up to CAD 6.63 million (equivalent to approximately Rs 34.5 crore) to be paid in cash.

M&M to acquire up to 10 pc stake in Resson Aerospace Corp

Company signed a share subscription agreement for subscribing up to 8,00,402 Class C preferred shares of Resson Aerospace.

01 May 2018 10:22 AM

Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India. (Photo: AFP)

Uber to partner with Mahindra for electric vehicles in India

Uber will deploy hundreds of electric vehicles including Mahindra’s e2o hatchback in Delhi and Hyderabad for now.

24 Nov 2017 1:30 PM

The stock was trading 2.31 per cent up at Rs 1,393 on the BSE.

M&M Q2 net profit jumps 25 per cent to Rs 1,332 crore

Revenue from operations for the quarter under review was at Rs 12,182.07 crore.

10 Nov 2017 3:46 PM

Sebi has imposed a fine of Rs 1 lakh on Dhongde for trading in tshares M&M as a designated employee during the restricted periods.

Sebi fines individual in M&M share trade case

Auto maker itself informed to the markets watchdog about the violations by its employee.

20 Oct 2017 1:15 PM

M&M coupled with Tata Motors are only two companies selected by state-owned EESL to supply 500 electric cars in the first phase.

Looking at cost-saving steps for e-Verito for EESL order: M&M

M&M has stated that it would not supply more than 150 electric cars in the first phase.

11 Oct 2017 2:47 PM

Petrol variants of the refreshed version have been launched at an introductory price range starting at Rs 4.39 lakh going up to Rs 6.04 lakh.

M&M eyes petrol engines across the spectrum by April 2020

Mumbai-based company launched an updated version of its compact SUV KUV100 priced at Rs 4.39-7.33 lakh.

10 Oct 2017 4:32 PM

It's raining discounts as carmakers woo customers ahead of GST

Dealers of country's largest car maker, Maruti Suzuki, are offering discounts between Rs 25,000 and Rs 35,000.

15 Jun 2017 5:03 PM

The company had sold 23,018 units in the same month last year.

Mahindra tractor sales up 11.21 pc at 25,599 units

Domestic sales were at 24,575 units as against 22,148 units in the year-ago month, up 10.95 per cent.

01 Jun 2017 2:32 PM

Mahindra & Mahindra reports increase in PAT

The company reported a 19.93 per cent increase in its standalone PAT at Rs 725.16 crore

30 May 2017 5:59 PM

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Mohan Guruswamy

mahindra and mahindra