Page 2 - Mahindra & Mahindra

Markets catch their breath after record highs; Sensex closes at 79,925

Sharp rebound from election-result day lows is being driven by hopes of policy continuity, foreign portfolio investors (FPIs) turning net buyers again, and strong macroeconomic numbers

M&HCV, bus sales shift up in Q1; top 4 companies register 7.2 growth

H2FY25 expected to see demand revival as monsoons end; H1 affected by elections

'No link between XUV700 price cuts and UP EV policy': Mahindra & Mahindra

The automobile manufacturer said that the announced price cut of XUV700 is a business strategy that was pre-decided in a February meeting

Tata Motors, M&M slash prices to boost demand amid unsold inventory

Move came a day after UP government waived registration fees on strong hybrid cars

Maruti, TaMo, M&M: How to trade auto stocks post UP govt hybrid car offer

Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.

Retail sales of cars fall in June for 2nd straight month, PV sales dip 6.8%

India's auto industry forms 7% of the country's GDP, according to government data

Anand Mahindra asks industry to boost capital investment to 'ride the tide'

Indian companies need to enhance capital investment in order to take advantage of the growth opportunities available in India and abroad, according to Mahindra Group Chairman Anand Mahindra. Addressing shareholders in the company's annual report for 2023-24, the leading industrialist noted that the interplay of geopolitics and economic linkages in the post-COVID era has seen India's position strengthen. India's emerging role as one of the vital nodes in future-proofed supply chains across industries opens the door for growth within the country and expansion beyond, he stated. "How can we, in private industry, ensure that we ride this upsurging tide? ..In the spirit of 'ask not what your country can do for you; ask what you can do for your country', I would argue that the most important thing industry can do at this critical juncture is to increase private investment," Mahindra said. Private capital investment is the key to capitalising on this opportunity as it is a key driver of .

ABB technology selected by Mahindra & Mahindra for new EV paint facility

Mahindra & Mahindra (M&M) has selected ABB's PixelPaint technology for its new electric vehicle paint facility, ABB said on Wednesday. The deployment of the technology also includes 42 robots from the IRB 5500 family making M&M the first OEM in India to use PixelPaint technology for the painting of contrasting roofs and pillars, ABB said. PixelPaint consists of a paint head with more than 1,000 tiny, individually controlled nozzles, mounted on an ABB robot, the company said in a statement. "Our PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention," said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. "By deploying PixelPaint-equipped robots in dedicated cells, Mahindra's paint shop will be able to apply finishes such as contrasting roof and pillar treatments on its new line of EVs in a completely automated ...

M&M may surpass Tata Motors, Maruti Suzuki in PV segment in June: Nuvama

Raghunandhan NL, director at Nuvama, predicts a 13 per cent overall volume growth for M&M's automotive sector (including PVs, commercial vehicles, and three-wheelers), reaching 70,500 units

Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests

However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition

Centre introduces new standards to enhance safety, performance of EVs

The two new standards, IS 18590: 2024 and IS 18606: 2024, brought by the Bureau of Indian Standards (BIS), focus on the critical components of EVs, particularly the powertrain and batteries

Vedanta Group biggest wealth creator in FY25; adds over Rs 2.2 trn in mcap

Vedanta Group comprising, Vedanta Ltd and Hindustan Zinc Ltd, have generated the maximum wealth for investors on the Dalal Street in the current fiscal so far, with the combined market valuation of both firms surging by Rs 2.2 lakh crore. The market capitalisation of the Vedanta Group surged by over Rs 2.2 lakh crore between March 28 and June 20, 2024, according to stock exchange data. This is higher than the market cap growth witnessed by leading Indian businesses like Reliance Industries, Mahindra Group, and the Tata Group during the same period. Share prices of Vedanta and Hindustan Zinc have doubled from their 52-week lows, backed by multiple positives, including the proposed demerger, the management's consistent focus on deleveraging, and significant improvement in earnings, as per stock exchange data. In comparison, Adani and Mahindra groups saw their market cap rise by Rs 1.4 lakh crore each. While Tata Group's market cap rose by over Rs 60,600 crore, heavyweight RIL's mark

Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations

Local auto stocks have already added $70 billion in market value so far this year, rising nearly 40 per cent - over four times the advance in the country's equity benchmark

Mahindra group may join global firms for cell production in India: MD Shah

Mahindra Group is looking for partnerships with global players for local production of battery cells in order to cater to expected increase in demand for electric vehicles in the future, according to a top company executive. In an interaction with PTI, Mahindra Group MD and CEO Anish Shah said the company is looking at a 2030 timeframe for the possible listing of its electric vehicle arm Mahindra Electric Automobile Ltd (MEAL). "One area that we continue to look at more closely is cell manufacturing and that is something where there are various considerations... if we feel it's essential for us, we will look at a partnership for cell manufacturing," he stated. He further said: "We will look at a global technology partner, and potentially at private equity partners as well because we will not put the entire capital." The initiative, if it materialises, would enable local production of battery cells in India, Shah said. "..the only reason for us to do it is to indigenise in India. ..

M&M May wholesales surge 17% to 71,682 units, exports increase 2%

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company's total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement. Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023. Mahindra's Farm Equipment Sector (FES) reported 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year. "Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector Hemant Sikka said. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor ...

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here

May F&O expiry strategy: In general, stocks with high Open Interest based Put Call Ratio (PCR) tend to trade with a positive bias or find strong support in case of dips.

M&M's stock races ahead on strong Q4 performance, outlook healthy

M&M is looking at expanding monthly UV capacity to 64,000 units by FY25-end and 72,000 units by FY26-end, from the present level of 49,000 units

M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark

Mahindra & Mahindra's market capitalisation touched Rs 3.18 trillion in Friday's intra-day trade on the BSE.

Auto major M&M shifts to high gear with Rs 37,000 crore investments

CEO says EVs will constitute 20-30% of its overall sales by 2027

Q4 FY24 results: M&M, GAIL, Vodafone among 94 firms to post earnings today

Q4 FY24 company results: Info Edge, Biocon, JK Paper, Solar Industries, Infibeam Avenues, and many more companies will post their fourth-quarter earnings on May 16