Jul 02, 2013, 05.26 PM IST | Source: CNBC-TV18

No price cuts in near-term; new launches in 2014: M&M

Rajesh Jejurikar, chief executive (tractor & farm mechanization), Mahindra and Mahindra says the company’s tractor business has gained some market share in the last two months.

Rajesh Jejurikar, chief executive (tractor & farm mechanization), Mahindra and Mahindra says the company’s tractor business has gained some market share in the last two months.

The company's total tractor sales, both domestic and exports, have grown by 17 percent at 27,748 units in June over the previous year, M&M said in a statement.

The domestic growth of 19 percent achieved during June 2013 is indicative of the positive momentum this year. The improved kharif crop output prospect is expected to spur the rural economy further, it added.

Jejurikar says the company is planning to launch new products in 2014. "We are not planning to take any price cuts in the near-term," he told CNBC-TV18 in an interview.

M&M stock price

On April 16, 2014, Mahindra and Mahindra closed at Rs 975.35, down Rs 8, or 0.81 percent. The 52-week high of the share was Rs 1054.00 and the 52-week low was Rs 741.50.


The company's trailing 12-month (TTM) EPS was at Rs 60.90 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 16.02. The latest book value of the company is Rs 238.22 per share. At current value, the price-to-book value of the company is 4.09.

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