M&M

The company cited the article under the header "Hyundai, Mahindra, 6 others likely to face emission penalties of Rs 7,300 crore."

The uptick in the M&M share price came after the company announced that its subsidiary, Mahindra Electric Automobile Limited (MEAL), has launched two new electric Sports Utility Vehicles (SUVs)

The rise in M&M share price came after the company saw record monthly SUV sales in October, which rose 25 per cent year-on-year (Y-o-Y) to 54,504 units, from 43,708 units in October 2023

Nifty Auto index declined 2.7 per cent in trade today amid a slowdown in PV sales and fall in CV sales

The JV will include sharing of costs, technologies, and vehicle platforms but will not include sedans, SUVs, and premium brands like Audi, Porsche, and Lamborghini sold by Volkswagen and Skoda

The surge in the stock price followed the company's announcement of the launch of Thar ROXX, its latest sports utility vehicle (SUV).

Mahindra & Mahindra on Thursday came out strongly in support of electric mobility terming it a right step in the right direction for the country. The Mumbai-based auto major noted that supporting electric mobility is in the best interest of the nation. "The right direction for the country is EV focus and we believe that is what the government should support," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters here. He was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles. The Uttar Pradesh government has come out with a full road tax waiver on the purchase of a hybrid car in the state. The move has been opposed by various automakers investing in electric mobility fearing other states could also follow the suit. "We are at a stage where we believe that the EV roadmap can be very strong with the right product and that's in the ...

With plans to open in Gujarat, proposal includes building an export-oriented, integrated manufacture hub for assembled cars - known as completely built-up units, engines and car batteries

The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.

Most of the brokerages expect M&M's profit to fall up to 15 per cent in Q1FY25.

Stocks to watch on July 12: TCS recorded net profit of Rs 12,040 crore, up 8.7 per cent year-on-year, dollar revenue up 2.7 per cent sequentially to $7.5 billion

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

The NSE Nifty50 fell 1.19 per cent or 291 points, reaching a low of 24,141.80 levels

The stock slipped 7.3% to Rs 2,711.75 on the BSE in Wednesday's intra-day trade recorded its sharpest intra-day decline since February 14, 2022.

Stocks to watch on July 10: Emcure Pharmaceuticals' shares are scheduled to make their debut on the stock exchanges on Wednesday

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

M&M stock record high price: With strong focus on capital efficiency, impressive product launch slate and capacity expansion in the offering, M&M is well positioned for profitable growth going forward

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. ..

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said