Page 3 - M&m

M&M December sales: Domestic SUVs sales up 24% Y-o-Y on strong demand

Cars and vans saw a significant drop of 97 per cent Y-o-Y sales, with the company only selling three units in the last month of the calendar year

Automobile major M&M gets Rs 4.12 crore tax penalty; company to challenge

Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company. One of the reasons for imposing the penalty is that the "invoices basis which Input Tax Credit (ITC) has been claimed by MTWL are not reported by vendors in GST returns and thus are not appearing in auto populated GSTR-2A". Also, another reason is that the "carry forward of Education Cess credit balance (is) not allowed from pre-GST regime to GST regime". Based on its assessment, M&M said "an appeal

M&M eyeing global expansion, diversifying ops to boost revenue growth

M&M's product line has reached a stage of maturity where we can go and compete around the world, a company official said

Smallcaps shine in weak market; PSB, IT shares slip, FMCG, defence gain

Closing Bell on September 26, 2023: The BSE Sensex closed at 65,945 levels, down 78 points, while the Nifty50 shut shop at 19,665, down 10 points

Mahindra & Mahindra surges 3%; market cap touches Rs 2 trillion-mark

Along with a strong order book in the SUV segment and a leading position in the domestic tractor segment, M&M is now gradually introducing its global portfolio to expand its addressable market

Landmark Cars jumps 19%; hits record high on adding M&M to its dealership

In an exchange filing, Landmark Cars said the company has signed a Letter of Intent with Mahindra and Mahindra for opening a dealership in Howrah, West Bengal

The M&M-RBL Bank saga

Why M&M has invested in RBL Bank and what does the bank look like

Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion

Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.

M&M August sales up 19% overall, automaker reports 26% growth in SUVs

Farm equipment sales see 3% growth, while exports drop by 26% YoY; 3-wheeler sales up 47%

M&M gains 5% in 3 days, nears record high on margin improvement hopes

Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead

Erratic monsoon may halt tractor stocks' rally in near-term: Analysts

Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check

M&M jumps 3% as Q1 results impresses Street; brokerages remain bullish

In the recently concluded quarter, the company's consolidated revenue rose 19 per cent YoY to Rs 33,892 crore

Won't invest in RBL further unless it sees 'compelling value': M&M

M&M Board had approved a stake buy of up to 4.5 per cent in RBL Bank

M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%

The board has recommended a dividend of Rs 16.25 per share

Temasek Holdings funding drives M&M EV arm valuation to Rs 80,000 crore

Singapore investment firm to hold 1.49-2.97% stake in EV business

Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares

With this, the company's valuation will rise 15 per cent from Rs 70,070 crore to Rs 80,580 crore

M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%

Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.

Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs

Stocks to watch on July 27, 2023: The govt is going to sell up to a 3.4 per cent stake in Rail Vikas Nigam with an option to additionally sell 1.96 per cent stake via an OFS

Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs

M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE

In a first: Mahindra & Mahindra receives PLI eligibility certificate

Tata Motors files application for flagship Tiago EV