The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment. M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data. The automaker's market cap has doubled in less than one-and-a-half years - from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week. M&M market cap hit Rs 2 lakh crore mark on Monday. The incremental m-cap in the last two years is more than the incremental market value the firm had over the last decade. Capital allocation actions have led to an overall better financial performance with several non-accretive divestments completed, analysts said adding net cash is at all-time high levels. Mahindra's auto and farm businesses are industry leaders and it is looking to capitalize on market leadership position. It is No. 1 revenue market share in the SUV segment and .
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
Tata Motors, Mahindra & Mahindra and Ashok Leyland fell 2.19 per cent, 1.55 per cent and 2.68 per cent, respectively
However, there are no discounts on Mahindra's more famous cars, such as Thar, Scorpio N, and XUV700
ADAS can detect lane departures and can either warn the driver about the lane departure or, in higher-level ADAS cars, take control of the steering and put the vehicle back in the lane
Mahindra to invest around Rs 10,000 crore towards its EV subsidiaries over the next 5 years
Hemant Sikka, president of the Farm Equipment Sector at Mahindra & Mahindra mentioned that even though there was a rainfall deficit in August this year, tractor sales in India went up year-on-year
BERLIN (Reuters) - Volkswagen said on Monday that it is in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles, called MEB.
Farm equipment sales see 3% growth, while exports drop by 26% YoY; 3-wheeler sales up 47%
Companies announce collaboration to improve e-commerce firm's line haul transportation
As no OEM was able to submit their DVA certificates, Rs 604 crore earmarked under the scheme for FY23 remained unutilised
XUV is among SUVs such as Scorpio and Thar manufactured by Mahindra, India's second-largest maker of such vehicles by volume
Stocks to watch on August 17, 2023: Balrampur Chini, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, SAIL and Zee among 11 stocks in F&O ban on Thursday.
Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit peak production mark of 2 lakh units per annum between 2027 and 2029, according to company President -Automotive Sector Veejay Nakra. The company estimates that EVs would account for 30 per cent of the overall volumes by 2030. In January this year, the auto major received an approval from the Maharashtra government to set up a Rs 10,000-crore electric vehicle plant in Chakan near Pune. The company, through its subsidiary, will make this investment over a period of 7-8 years for setting up the manufacturing facility, development and production of its upcoming Born Electric (BE) models. "We are looking at doing a number of 2 lakh units (at Chakan plant) between 2027 and 2029," Nakra said here. The first product under the BE range is expected to hit the markets by end of next year and the production at Chakan plant is expected to begin 4-5 months prior to that, he ...
Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.
Mahindra & Mahindra on Tuesday said it aims to bolster its presence globally as it unveiled a pickup concept, which it plans to introduce in the international markets. The auto major, which also showcased the electric version of its sports utility vehicle Thar, noted that it plans to sell its Born Electric (BE) products in markets like Europe and the UK. The company said its products are doing well in the domestic market and it is now time to scale up business in overseas geographies. "We are going to go global...We are off course a strong brand in India, we believe our products are able to compete with the best in the world," M&M Executive Director and CEO (Auto and Farm Sectors) Rajesh Jejurikar said here. Elaborating further, Mahindra & Mahindra President (Automotive Sector) Veejay Nakra said the automaker is a leader in various segments in the domestic auto market. "We intend to add new potential markets like the UK and Europe and when we bring the global pickup, we ...
The Mahindra OJA 27 HP tractor will be priced at Rs 5.64 lakh, while the OJA 40 HP tractor will cost Rs 7.35 lakh - priced competitively against its competition
Auto major Mahindra & Mahindra on Tuesday unveiled a new range of small-sized tractors targeting new geographies as it aims to treble its tractor exports in the next three years, according to a top company official. The Mumbai-based auto major, which is the world's largest tractor maker by volume terms, exported around 18,000 tractors last fiscal. The company said it has invested Rs 1,200 crore on developing the OJA platform which consists of four platforms that could churn out 40 different trims in the 20-70 hp power output. The company aims to cater to the needs of farmers with small land parcels, especially in India, US and ASEAN region with the new range. Mahindra & Mahindra President Farm Equipment Sector Hemant Sikka said the OJA brand would help in enhancing the company's share in the market while helping it enter new markets. "We are looking to double our export volume in three years. One of the major enablers for achieving the target would be the OJA tractors which ..
Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook
Mahindra & Mahindra Ltd (M&M Ltd) on Wednesday rolled out a new wheel harvester under the Swaraj brand in the domestic market as it looks to tap aggressively the farm mechanisation market in the country. With its latest offering, the brand is aiming for a 15-20 per cent market share in the wheel harvester segment in the long-term, Harish Chavan, Chief Executive Officer at Swaraj Division, said. Manufactured at the company's new farm machinery facility at Pithampur near Indore in Madhya Pradesh, the new 'Swaraj 8200 Wheel Harvester' will be available from the upcoming crop season for the customers through its dealerships pan-India, he said. "The mechanisation in the harvesting space (in the country) is still picking up. We want to give shape to it and that is the reason we want to participate now aggressively as we are participating in tractor segment," Chavan told PTI. He said that with the tractor industry growth reaching an all-time high, the agri mechanisation sector is ...