Page 10 - M&m

M&M gains 4% as Company to increase prices of PVs, CVs from January 1

M&M said the price hike has been necessitated due to the increase in commodity prices and various other input costs.

M&M to hike prices of passenger, commercial vehicles from January

his has been necessitated due to the increase in commodity prices and various other input costs, the company said

November CV sales ride high on strong demand for lower tonnage vehicles

Cumulative dispatches at top four manufacturers including advanced 1.21 per cent year-on-year

M&M hits 52-week high, Escorts nears record high on strong tractor sales

In November, total volumes at M&M and Escorts rose 56 per cent and 33 per cent YoY, respectively.

Mahindra & Mahindra to make new K2 series tractors; stock hits 52-week high

The company said its Farm Equipment Sector will manufacture a new tractor series called the 'K2', exclusively at the company's tractor manufacturing facility at Zaheerabad in the state of Telangana.

M&M Q2 net plunges 88% to Rs 162 cr on sharp contraction in auto segment

Robust tractor sales cushion impact of lower volumes in automotive segment, help firm beat street estimates

M&M offers discount, other benefits to govt employees on vehicle purchase

Auto maker Mahindra & Mahindra on Thursday announced various benefits, including an additional cash discount of up to Rs 11,500, lower interest rates and easy EMIs, for government employees on its vehicle purchases. Under the 'Sarcar 2.0' programme, all government employees are eligible for additional cash discounts of up to Rs 11,500, zero processing and foreclosure fee, and lower interest rates starting from 7.25 per cent, the company said in a release. The festive season sale benefits also include the highest tenure of up to eight years with multiple finance partners and monthly EMIs starting as low as Rs 799 per lakh for personal utility vehicles, it added. Some of these schemes are offered through various financial institutions, and customers will need to get in touch with the nearest dealer to avail of these offers, said the release. The company has also arranged contactless payment convenience along with instant EMI facilities, partnering with financial technology ...

Mahindra & Mahindra's total sales fall 14.52% to 44,359 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 14.52 per cent decline in total sales to 44,359 units in October. The company had sold 51,896 units in the same month last year, M&M said in a statement. In the domestic market, passenger vehicle sales were up 1 per cent to 18,622 units last month compared to 18,460 units in October 2019. In the commercial vehicles segment, the company sold 3,118 vehicles last month in the domestic market as against 7,151 units in October 2019, a drop of 56 per cent. Exports dropped by 25 per cent to 2,021 units as against 2,703 units in the year-ago month. "We are happy to achieve a growth of 4 per cent in utility vehicles, despite certain supply constraints. Our brands Scorpio, Bolero and XUV 300 continue to do well, while the bookings for the all-new Thar has set new records within just a month of its launch," M&M Chief Executive Officer, Automotive Division, Veejay Ram Nakra said. For Mahindra, the festive season has started on a ...

Electric shared mobility vehicles to take a backseat: M&M's Pawan Goenka

E-vehicles used in last mile delivery of goods expected to grow at a fast clip

M&M offers free coronavirus insurance plan for Bolero pick-up range

Auto major Mahindra & Mahindra on Friday announced a free coronavirus insurance plan for its Bolero pick-up range, offering a floater cover of up to Rs 1 lakh to the vehicle owner and his family members (up to two children) as part of its mega festive offer. The insurance plan can be availed between October 1 and November 30 on the Bolero pickup range which includes the pick-up Maxi Truck, City pickup and Camper, the company said in a release. The Free Corona Insurance is a floater health insurance cover for up to Rs 1 lakh that will cover the customer, his/her spouse and up to two of the customer's children and will remain valid for a period of 9.5 months from the date of purchase of the new vehicle, Mahindra and Mahindra (M&M) said. The pick-up customer is one whose job involves travel, providing essential services, where they can't avoid interacting with people around the clock. An industry-first initiative on our Bolero pick-up range, this corona insurance initiative ...

M&M shares gain 4% as bookings for All-New Thar SUV cross 9,000 mark

Motilal Oswal Securities believes the new 'Thar' has the capability to lure fan base customers.

M&M raises Rs 1.11 crore by auctioning new Thar for Covid-19 relief work

Domestic auto major Mahindra & Mahindra Ltd on Wednesday said it has raised Rs 1.11 crore from online auctioning of the first unit of all-new version of SUV Thar, which is set to be launched on October 2. Mahindra has matched the amount raised at the auction and the total proceeds of Rs 2.22 crores will be donated towards coronavirus pandemic relief work, a release said. The idea of the auction was to harness Thar's iconic status to galvanise the country during this trying time and aid its fight against COVID-19 pandemic, it said. The online auction, which lasted for six days, witnessed almost 5,500 registrations from nearly 550 locations across the country. The auction reserve price was set at Rs 25 lakh, and the winning bid was placed at Rs 1.11 crore, M&M Ltd in the release. The winner has chosen Swades Foundation to receive the entire proceeds from the auction and support COVID-19 relief work, it added. "It is heartening to see the interest and generosity that this auction

Virtual AGMs see lower shareholder representation amid Covid-19 pandemic

TCS and M&M were outliers, recording a two-fold rise in representation

Mahindra's latest drive, Thar, enters small segment of city off-roaders

Mahindra's move was overdue given that the city SUV segment has been aggressively targeted by competition

M&M's Meru Mobility Tech planning to focus on corporate commuter segment

Like most of the other ride hailing firms, which went out of business due to the lockdown, Meru also got into the delivery of essential services to survive the lockdown

Harley Davidson in talks with Bajaj, M&M for strategic partnership: Report

The Newark-based firm has been reviewing its India operations as part of its global rewire strategy announced in July 2020

I am optimistic that history will indeed repeat itself: Anand Mahindra

"Life has led us full circle," said Mahindra, alluding to 2002

M&M inducts Nisaba Godrej and Muthiah Murugappan as independent directors

Firm seeks shareholders nod to reduce stake in Ssangyong Motor

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen