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.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Business

Jul 03, 2013, 09.04 AM | 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.

Like this story, share it with millions of investors on M3

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.

Post Your Comments

Share Cancel

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 29, 2016, Mahindra and Mahindra closed at Rs 1331.75, down Rs 11.6, or 0.86 percent. The 52-week high of the share was Rs 1441.45 and the 52-week low was Rs 1092.00.


The company's trailing 12-month (TTM) EPS was at Rs 50.46 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 26.39. The latest book value of the company is Rs 310.09 per share. At current value, the price-to-book value of the company is 4.29.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
No price cuts in near-term; new launches in 2014: M&M

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login