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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)

India's Mahindra and Mahindra June total sales up about 8 pct<003620.KS>
Friday, 1 Jul 2016 05:09am EDT 

Mahindra and Mahindra Ltd : India's Mahindra and Mahindra June total sales of 39011 units; June passenger vehicle sales of 17070 units . June total domestic sales of 34991 units ;June total exports of 4020 units .  Full Article

Mahindra Group CFO says no impact of Brexit on M&M Ltd, impact on Mahindra Group to be muted
Friday, 24 Jun 2016 04:54am EDT 

Mahindra Group : Mahindra group CFO says no impact of brexit on M&M limited, the impact on Mahindra Group will be muted . Mahindra group CFO says impact of brexit on India and Indian industries will not be significant . Mahindra group CFO says brexit will throw up many opportunities as well . Further company coverage [MAHM.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Mahindra And Mahindra tractors sells 22,148 units in India in May 2016
Wednesday, 1 Jun 2016 04:23am EDT 

Mahindra and Mahindra Ltd : Mahindra tractors sells 22,148 units in India during May 2016 .  Full Article

Mahindra and Mahindra March-qtr profit up 6 pct<003620.KS>
Monday, 30 May 2016 04:43am EDT 

Mahindra and Mahindra Ltd : March-quarter net profit 5.84 billion rupees; March-quarter net sales 106.66 billion rupees . Consensus forecast for March-quarter net profit was 6.45 billion rupees .  Full Article

Mahindra And Mahindra Ltd announces incorporation of subsidiary company of Mahindra Susten Private Limited in India
Tuesday, 5 Jan 2016 09:57pm EST 

Mahindra And Mahindra Ltd:Says that Mahindra Susten Private Limited, a step down subsidiary of Mahindra Holdings Limited which is in turn a subsidiary of the company, has incorporated a company 'MachinePulse Tech Private Limited' in India, on Jan. 05, 2016 as its subsidiary.  Full Article

Mahindra And Mahindra Ltd - India's top court upholds ban on sale of large diesel cars in Delhi - Reuters
Monday, 4 Jan 2016 05:43pm EST 

Mahindra And Mahindra Ltd:India's top court on Tuesday upheld a temporary ban on the sale of large diesel cars in New Delhi to combat toxic smog in India's capital, but postponed hearing an industry appeal on an environmental tax that carmakers say will hit investment. - RTRS.Delhi's block on new diesel cars has unsettled the industry, its salesmen and investors, who warn the ban and uncertainty surrounding it could derail a tentative recovery in auto sales - RTRS.Green groups want to extend the ban to smaller diesel cars and other smog-choked cities in India - RTRS.The presiding Supreme Court judge said on Tuesday that the court was considering expanding the ban to diesel cars with engine capacity of less than 2,000 cc - currently not covered - but would first seek industry input on the matter - RTRS.The Supreme Court had also been expected to rule on Tuesday on a separate green tax on all diesel cars in the city, but has yet to announce its decision on that levy - RTRS.The decision on the tax, critical for automakers such as Mahindra & Mahindra, Tata Motors and Toyota Motor Corp that have invested heavily in making cars for diesel-loving Indian consumers, may now be heard next week - RTRS.India's automakers say they want a comprehensive plan - rather than court-led initiatives - to determine the regulatory structure - RTRS.  Full Article

Mahindra And Mahindra Ltd - Temporary Delhi diesel vehicle ban leaves automakers in dark, investors jittery - Reuters
Sunday, 13 Dec 2015 07:10pm EST 

Mahindra And Mahindra Ltd:A nearly 4 week ban on registering new diesel-powered vehicles in India's capital has confused automakers and investors, prompting concerns that efforts to battle Delhi's air pollution could derail the auto industry's tentative recovery - RTRS.India's top environmental court on Friday banned the registration of diesel vehicles in Delhi until Jan. 6 as the city experiences hazardous levels of pollution, in part due to diesel emissions - RTRS.But the court's ruling gave little detail, sparking a sell-off in automakers' shares on Monday and industry frustration - RTRS.Shares in Tata Motors fell as much as 4.6 %, while market top utility vehicle maker Mahindra & Mahindra's stock was down as much as 2.65 %, adding to losses on Friday after the ruling - RTRS."If our vehicles are banned in the largest market in India (New Delhi), that is bound to have an impact on the bottom growth for us or anybody else for that matter," Pawan Goenka, an executive director at Mahindra told reporters on Saturday during a media conference call - RTRS.The ban by India's National Green Tribunal came a day before world leaders at the global climate summit in Paris struck a weekend deal to rein in rising emissions blamed for warming the planet. The ruling can be challenged in a higher court - RTRS.Hyundai Motor joined Mahindra in saying the ruling created uncertainty on the status of cars sold but not registered - RTRS.  Full Article

Mahindra And Mahindra Ltd announces MOU with the Government of Tamil Nadu
Wednesday, 9 Sep 2015 02:36am EDT 

Mahindra And Mahindra Ltd:Announces is signing an MOU with the Government of Tamil Nadu wherein it commits to invest 20 bln Indian Rupees including its investments in Mahindra Research Valley (MRV), a new test track for MRV and an automotive plant to meet the company future needs over the next 5 years.  Full Article

Pininfarina SpA key investor confirms talks to sell stake to Mahindra and Mahindra Ltd-Reuters
Tuesday, 8 Sep 2015 06:10am EDT 

Pininfarina SpA:Pininfarina's controlling shareholder Pincar confirms talks underway with Mahindra and Mahindra Ltd for sale of stake held by Pincar-Reuters.  Full Article

Mahindra And Mahindra Ltd Telephonics Corporation to increase equity stake in Mahindra Telephonics from 26 pct to 49 pct
Monday, 7 Sep 2015 12:49am EDT 

Mahindra And Mahindra Ltd's:Has recently received approval on Aug. 14 from the Foreign Investment Promotion Board, India for Telephonics Corp to increase its equity stake in Mahindra Telephonics Integrated Systems from 26 pct to 49 pct.  Full Article

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