Key Developments: Mahindra and Mahindra Ltd (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

19 Dec 2014
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Rs8.15 (+0.67%)
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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Ltd said to be in talks to buy stake in Swedish firm-Business Standard
Wednesday, 10 Dec 2014 11:39pm EST 

Mahindra And Mahindra Ltd:Is planning to purchase a stake in National Electric Vehicle Sweden AB (NEVS), the holding company that bought assets of Saab Automobile two years ago, show documents filed in a local Swedish court-Business Standard.NEVS, which earlier ran into financial difficulties, signed a term sheet with M&M two weeks ago to begin intense negotiations.  Full Article

Mahindra And Mahindra Ltd's Mahindra Two Wheelers Ltd make binding offer to acquire 51 pct. stake in Peugeot Motocycles
Monday, 6 Oct 2014 11:31pm EDT 

Mahindra And Mahindra Ltd:Says that Mahindra Two Wheelers Ltd (MTWL), an unlisted subsidiary of Mahindra & Mahindra Ltd and part of Mahindra Group, has made binding offer to acquire 51 pct. stake in Peugeot Motocycles (PMTC), part of PSA Group based in France.PMTC (a.k.a. Peugeot Scooters), a key player in urban mobility in Europe for 116 years, is oldest motorized two-wheeler manufacturer in world.Transaction between MTWL and PSA, subject to Works Council consultation, as part of employee dialogue process and anti-trust law, would involve infusion of 15 million euros into PMTC to finance projects implemented through strategic partnership.And further sale of shares by PSA which would allow MTWL to take 51 pct. stake in PMTC.  Full Article

Mahindra And Mahindra Ltd launches Gusto-Business Standard
Monday, 29 Sep 2014 06:24am EDT 

Mahindra And Mahindra Ltd:Launched a new 110-cc scooter 'Gusto'-Business Standard.The scooter will be available in the western and northern markets of the country to begin with.  Full Article

CRISIL announces rating to Mahindra And Mahindra Ltd
Monday, 29 Sep 2014 02:19am EDT 

Mahindra & Mahindra Ltd:Says that CRISIL has upgraded its ratings on Mahindra & Mahindra Limited (M&M’s) long-term bank facilities and Non-Convertible Debenture (NCD) programme to 'CRISIL AAA/Stable' from ‘CRISIL AA+/Stable’, while reaffirming the rating on M&M’s short- term facilities and debt programme at ‘CRISIL A1+’.  Full Article

Mahindra And Mahindra Ltd to invest 40 bln Indian rupees for expansion at Chakan plant-BusinessLine
Wednesday, 27 Aug 2014 08:00pm EDT 

Mahindra And Mahindra Ltd:Invests an additional 40 bln Indian rupees for expansion at Chakan plant - BusinessLine.Investment will take place over seven years and take total investment in Chakan to 80 bln Indian rupees.Money will be utilized towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant.  Full Article

Mahindra And Mahindra Ltd announces imposed penalty by Competition Commission of India
Tuesday, 26 Aug 2014 04:43am EDT 

Mahindra And Mahindra Ltd:Says Honourable Competition Commission of India (CCI) has on Aug. 25 published an order against fourteen Automobile companies including Mahindra & Mahindra Ltd.It has imposed a penalty of 2 pct of the average annual turnover for the years 2007-2008, 2008-2009 and 2009-2010.The amount of penalty imposed on Mahindra & Mahindra Ltd is 2.9225 bln Indian Rupees.  Full Article

Mahindra And Mahindra Ltd's MCS forms JV with Japanese Tsubaki Chain Co, sells stake-Business Standard
Monday, 4 Aug 2014 07:36am EDT 

Mahindra And Mahindra Ltd:Tsubaki Chain Co has acquired a majority stake in Mahindra Conveyor Systems Pvt Ltd (MCS), a subsidiary of Mahindra And Mahindra Ltd-Business Standard.Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 pct) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe.MCS will be renamed as Mahindra Tsubaki Conveyor Systems Pvt Ltd.  Full Article

Mahindra And Mahindra Ltd recalls 23,000 units of Scorpio-Business Standard
Wednesday, 9 Jul 2014 04:01am EDT 

Mahindra And Mahindra Ltd:Is recalling around 23,000 units of a select variant of its popular sports utility vehicle Scorpio to rectify faulty pressure regulating valves-Business Standard.It would carry out preventive inspection of some parts of its Scorpio Ex variant manufactured between May 2012 and Nov. 2013.  Full Article

Mahindra And Mahindra Ltd recommends dividend
Friday, 30 May 2014 05:08am EDT 

Mahindra And Mahindra Ltd:Recommended dividend of 13.50 Indian rupees (270 pct) per ordinary (equity) share.Also special dividend of 0.50 Indian rupees (10 pct) per ordinary (equity) share about 14 Indian rupees (280 pct) per ordinary share of face value of 5 Indian rupees each.  Full Article

Mahindra And Mahindra Ltd announces employees not reporting to duties
Monday, 28 Apr 2014 02:29am EDT 

Mahindra And Mahindra Ltd:Says that a section of employees are not reporting to duties in a concerted manner at the Company’s Tractor manufacturing Plants situated at Mohali, Punjab.Their demands are unjustified and matter is in conciliation with the Labour Commissioner’s Office.Management is reasonably sure that better sense will prevail with this section of employees and the matter will be resolved amicably.  Full Article

India's Mahindra November vehicle sales down 13 pct y/y

Dec 1 - India's Mahindra & Mahindra Ltd vehicle sales in November: Nov 2014 Nov 2013 Pct chg TOTAL SALES 34,292 39,254 -13 DOMESTIC SALES 32,100 36,261 -11 PASSENGER VEHICLES 13,765 16,771 -18 EXPORTS 2,192 2,993 -27 NOTE: Mahindra & Mahindra is India's largest manufacturer of utility vehicles and sports utility vehicles (SUVs). (Reporting by Sume

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