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    • Escorts tractor sales grow 13.8% in October

      Domestic tractor sales stood at 10,001 units as against 8,859 in October last year, up 12.9 per cent, Escorts Ltd said in a BSE filing.

    • Impact of Brexit on Mahindra Group will be muted: CFO

      Britain's exit from the European Union will have a muted impact on the over USD 17 billion Mahindra Group, but the event highlights the importance of sound risk management for the corporate world, the Group said on June 24

    • Bullish on domestic stories; will buy on dips: Ambit

      Vaibhav Sanghavi of Ambit Investment Advisory is a very bullish on the domestic oriented industries like cement, consumer durables, and if the monsoons are good then he would also look at farm equipment, agro chemicals spaces.

    • Market to take cues from BoJ meet; like agri, pvt banks:Ambit

      The banking space has rallied in the last two months helped largely by disclosures of bad loans. But the pain is not over yet for banks. It will last for two quarters at least, says Vaibhav Sanghavi, MD Of Ambit Investment.

    • M&M to buy stake in Mitsubishi Heavy's farm machinery unit

      The investment is being made through the issue of common shares and class A non-voting shares of Japan's Mitsubishi Agricultural Machinery Co Ltd, and the deal is expected to close by Oct. 1, the companies said in a joint statement.

    • M&M total auto sales fall 21%, tractors up 12% in July

      The India's largest utility vehicle maker sold 15,530 passenger vehicles last month, down 29 percent year-on-year. Sales of its four-wheeler and three-wheeler commercial vehicles also fell 6 percent and 13 percent respectively.

    • Mahindra & Mahindra Q4 net seen at Rs 723cr; sales up 7%

      Mahindra & Mahindra will report its Q4 results later on Thursday. Analysts expect net profit at Rs 723 crore, on revenue of Rs 9,990 crore, according to a CNBC-TV18 poll.

    • M&M beats street; Q2 net up 22% YoY at Rs 902 cr

      Utility vehicle and farm equipment maker Mahindra & Mahindra reported a better-than-expected 22% year-on-year rise in second quarter net profit at Rs 902 crore, helped by strong automotive sales growth and higher other income, sending its shares up over 3%.

    • M&M extends gains on strong Q1 results; analysts say buy

      Mahindra & Mahindra shares rose over 3% for the second straight session after the street cheered the utility vehicle maker's much better-than-expected first quarter results and several analysts maintained their "buy" or equivalent rating on the stock.

    • Slowdown looms: Analysts cut M&M forecast on weak Q3

      Mahindra & Mahindra's shares fell further in early trade on Wednesday, before reversing some of its losses post disappointing third quarter results. Stung by higher input costs, M&M's net profit in October-December slid more-than-expected 10% year-on-year to Rs 662 crore.

    • Farm mechanization to plough growth ahead: CII Agri Council

      Rohtash Mal, member of the CII Agriculture Council sees strong growth being cultivated in the farm equipment sector.

    • M&M set to ride on strong tractor demand in FY13

      Of late talk of rural economy slowing down amid high inflation and drying credit, has been gaining currency. But there seems to be no such concern for the farm equipment sector, especially tractors.

    • Mahindra to raise tractor prices by 1.5%

      Farm equipment major Mahindra & Mahindra today said it would raise tractor prices by 1.5% soon in the wake of spiralling input cost.

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