May 01, 2021 03:40 PM IST

M&M passenger vehicle sales rise 9.5% in April, tractor sales drop 11%

Hemant Sikka of M&M expects that tractor demand will bounce back as farmers start preparing their land for Kharif crops in the ensuing weeks.

Mahindra not going to make sedans: Automotive Sector CEO Veejay Nakra

Mahindra has been known for its SUVs - legendary cars like the Mahindra Thar and the more modern but long-running vehicles like the Bolero and Scorpio dominate Mahindra’s lineup.

Mahindra offers first one-stop shop for vehicle scrapping

The move comes on the back of the new scrappage policy announced by the Ministry of Road, Transport and Highways.

Mahindra & Mahindra may apply for a banking licence

Anish Shah took over as the head of M&M on April 2, 2021, succeeding Pawan Goenka.

In Pics| March 2021 auto sales: Companies that clocked most sales

11 of the 14 carmakers who control 99 percent of India's domestic car market recorded a 126 percent jump in March sales to 315,946 units compared to 139,761 in March, 2020 when the lockdown had begun to hit production.

Mahindra and Mahindra Board of Directors give in-principle nod for consolidation of Mahindra Electric

The consolidation of the step-down subsidiary will aim at categorising EV operations into two distinct verticals – Last Mile Mobility and Electric Vehicle Tech Centre.

M&M share price up 2% after CLSA retains 'buy'

CLSA has forecast FY22/23 tractor industry growth of 8 percent/2 percent on an FY21 base of 25 percent. It is of the view that SUV launches and a cyclical recovery in light commercial vehicles should drive the auto segment margin.

Meru in ‘advanced talks’ for stake sale to Japan’s Orix Auto: Report

Meru’s EV plans include creating infrastructure to operate 300 EVs across India with goal of expanding to 10,000

M&M share rises 2% on robust February tractor sales; tops CLSA list from auto space

Global research firm CLSA has Mahindra & Mahindra as one of the top picks in the auto space. It is of the view that recovery in auto space continues off a low base. Tractor is the only segment which is growing strongly on a high base.

Farm equipment continues to boost M&M’s performance

M&M's strong leadership in farm equipment, positive rural sentiment and a slew of new products in the auto segment make it a candidate for the long-term portfolio

M&M stock jumps 9% as Q3 beats expectations; here's what Goldman Sachs, Nomura said post result

The auto major reported a massive 39.6 percent YoY growth in profit to Rs 530 crore for the quarter ended December 2020. Revenue from operations grew by 16 percent YoY to Rs 14,056.5 crore in Q3 FY21 with strong tractor volumes.

Mahindra & Mahindra may raise vehicle prices again in Q1FY22

For Mahindra, the coming financial year is an important one, considering its plans of launching new-gen variants of the Scorpio and the XUV500.

M&M Q3 profit jumps 40% to Rs 530 crore, beat estimates

Revenue from operations grew by 16 percent year-on-year to Rs 14,056.5 crore in Q3FY21, with strong tractor volumes.

M&M Standalone December 2020 Net Sales at Rs 14,215.90 crore, up 15.15% Y-o-Y

M&M to announce Q3 earnings today: Here's what to watch out for

Overall volumes increased by 3 percent year-on-year in Q3FY21 led by 20 percent YoY increase in tractor volumes, though automobile volumes fell by 8 percent YoY.

Mahindra & Mahindra total sales dip 25% in January

The company had sold 52,546 units in the same month last year, M&M said in a statement.

Mahindra expects EVs to dominate Indian roads by 2030: Report

Mahindra and Mahindra (M&M) is currently focusing on larger sports utility vehicles and pickup trucks, which is a reasonably large segment to drive sales

M&M share price rises on vehicle price hike; Emkay maintains 'buy'

The share touched its 52-week high Rs 764.10 and 52-week low Rs 245.80 on 08 December, 2020 and 25 March, 2020, respectively.

Buy Mahindra and Mahindra; target of Rs 851: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 851 in its research report dated January 04, 2021.

Buy Mahindra and Mahindra; target of Rs 870: ICICI Direct

ICICI Direct is bullish on Mahindra and Mahindra recommended buy rating on the stock with a target price of Rs 870 in its research report dated January 04, 2021.

Buy Mahindra and Mahindra: target of Rs 872: Sharekhan

Sharekhan is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 872 in its research report dated January 01, 2021.

Buy Mahindra and Mahindra; target of Rs 824: Emkay Global Financial

Emkay Global Financial is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 824 in its research report dated January 01, 2021.

Mahindra says in discussion with potential investor to sell majority stake in SsangYong Motor

The troubled automaker has also applied for an autonomous restructuring support (ARS) programme which is a court-designed process.

M&M shares jump 3% post December auto sales numbers

The passenger vehicles segment (which includes UVs, Cars and Vans) sold 16,182 vehicles in December 2020, a growth of 3% over same period last year.

Troubles at SsangYong have hurt Mahindra's global SUV plans: Report

South Korean automaker SsangYong Motor filed for receivership in a Seoul court on December 22.