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Mahindra and Mahindra Ltd (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mahindra and Mahindra April total sales falls about 6 pct
Tuesday, 2 May 2017 02:26am EDT 

May 2 (Reuters) - Mahindra and Mahindra Ltd :April total sales of 39,357 units versus 41,863 units last year.Says April passenger vehicle sales of 19,325 units versus 22,655 units last year.Mahindra and Mahindra Ltd says April domestic sales of 37,829 units versus 39,357 units last year.April exports of 1,528 units versus 2,506 units last year.Says April domestic tractor sales of 25,081 units versus 20,704 units last year.Says April tractor exports of 920 units versus 682 units last year.  Full Article

Mahindra and Mahindra says ruling on BS-III vehicles to have one-time material impact
Thursday, 30 Mar 2017 05:00am EDT 

Mahindra And Mahindra Ltd : Says company statement "supreme court order banning the sale of BS III vehicles" . Says "unexpected ruling" will have a one-time material impact even on co . Co respects order of supreme court, shall fully abide by it . Co attempts to ensure sustainability in all operations and products as feasible . Says co trying to liquidate as much of co's and dealers BS III inventory as possible by march 31 .Will make every attempt to minimise one-time impact of order on co's financials.  Full Article

India's top court bans local sale of Euro III-compliant vehicles after April 1
Wednesday, 29 Mar 2017 04:42am EDT 

:India's Supreme Court bans local sale of Euro III-compliant vehicles after April 1, local TV channels said on Wednesday..  Full Article

Mahindra & Mahindra Feb total sales down about 2.9 pct
Wednesday, 1 Mar 2017 04:13am EST 

Mahindra and Mahindra Ltd : February total sales of 42714 units versus 44,002 units last year . February domestic sales of 40414 units versus 41,348 units last year . Says February passenger vehicle sales of 20605 units versus 23,718 units last year . February exports of 2300 units versus 2,654 units last year . Says the auto industry is seeing some positive trends emerging over the last two months . Says February domestic tractor sales of 13834 units versus 12,702 units last year . With rural sentiments improving, co believes there will be turnaround in demand over next few months for small commercial vehicles space . February total farm equipment sector sales of 15007 units versus 13574 units last year .Says co has geared the supply chain so that there is no strain in moving to meet the new emissions norms.  Full Article

Mahindra & Mahindra launches Supro minivan and minitruck
Thursday, 16 Feb 2017 05:31am EST 

Mahindra and Mahindra Ltd : Says Mahindra launches Supro minivan and minitruck .Says rolls out 4 new products in passenger category and 3 new products in cargo category.  Full Article

Ssangyong Motor to raise 5.13 bln won in private placement
Wednesday, 15 Feb 2017 04:03am EST 

Ssangyong Motor Co Ltd <003620.KS> :Says it will issue 729,300 shares of the company in private placement, at 7,040 won/share, to raise 5.13 billion won in proceeds for operations.  Full Article

Mahindra & Mahindra Dec-qtr profit up about 33 pct
Friday, 10 Feb 2017 03:41am EST 

Mahindra & Mahindra Ltd : Dec quarter net profit 11.12 billion rupees . Consensus forecast for Dec quarter profit was 8.69 billion rupees . Dec quarter total revenue from operations 117.78 billion rupees . Net profit in Dec quarter last year was 8.34 billion rupees as per Ind-AS; total revenue from operations was 116.07 billion rupees . Says auto industry adversely imapcted in Q3 FY 2017 due to demonetization .The profit alert was first sourced from TV and was later confirmed as 11.12 billion rupees from a company press release at the National Stock Exchange.  Full Article

Mahindra and Mahindra Jan total sales down about 10 pct
Wednesday, 1 Feb 2017 05:25am EST 

Mahindra and Mahindra Ltd : January total sales of 39,303 units versus 43,789 units last year . Says January passenger vehicle sales of 20,096 units versus 22,088 units last year . Says January domestic sales of 37,042 units versus 40,693 units last year . January exports of 2,261 units versus 3,096 units last year . Says January domestic tractor sales of 14,776 units versus 14,402 units last year .Expect positive environmental factors in terms of higher rabi sowing and better MSPs will drive demand in coming months.  Full Article

Mahindra & Mahindra buys 75.1 pct stake in Turkey-based Hisarlar Makina
Thursday, 19 Jan 2017 11:08pm EST 

Mahindra and Mahindra Ltd : Signed share subscription agreement to subscribe up to 75.1 percent share capital of Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi . Says deal will help co in growing farm equipment business in Turkey and Europe . Deal expected to be completed in around 3 months . Co to invest Turkish Lira 71 million as capital infusion in Hisarlal for acquiring stake . Consideration for deal in cash . Says as part of deal EBRD is increasing shareholding to 18.7 percent, will be able to nominate a board of director .As part of deal, Darby Converging Europe Fund III will exit its investment.  Full Article

Mahindra & Mahindra December total sales down about 4 pct
Monday, 2 Jan 2017 02:15am EST 

Mahindra and Mahindra Ltd : December total sales of 36,363 units versus 37,915 units last year . Says December domestic sales of 34,310 units versus 34,839 units last year . December exports of 2053 units versus 3,076 units last year . Says December domestic tractor sales of 12,619 units versus 11,686 units last year . Says December passenger vehicle sales of 16,698 units versus 18,197 units last year . Says auto industry continues to go through challenging times, grappling with short term effects of demonetisation, reduced purchase decisions .Says believe there will be a gradual pick-up in demand starting next few months.  Full Article

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