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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 seeks members' nod for appointing Pawan Goenka as MD
Tuesday, 30 May 2017 05:35am EDT 

May 30 (Reuters) - Mahindra and Mahindra Ltd :Seeks members' nod for appointment of Pawan Goenka as MD of co for 4 years .Seeks members' nod for appointing Anand G Mahindra as executive chairman.Seeks members' nod for appointment of Anand Mahindra as executive chairman of co for 5 years.  Full Article

India's Mahindra and Mahindra March-qtr PAT up about 20 pct
Tuesday, 30 May 2017 05:12am EDT 

May 30 (Reuters) - Mahindra And Mahindra Ltd :March quarter PAT 7.25 billion rupees.Mahindra and Mahindra Ltd consensus forecast for march quarter profit was 6.91 billion rupees.March quarter total income 123.20 billion rupees.PAT in march quarter last year was 6.05 billion rupees as per Ind-AS; total income was 118.40 billion rupees.Recommended dividend of 13 rupees per share.Continued lag in LCV<2T, 3 wheelers and 2 wheelers in quarter is indication of slower recovery in rural parts of country.Says outlook for 2017-2018 is "much more robust" with favourable domestic, global backdrop.  Full Article

Mahindra & Mahindra to launch next electric vehicle in second half of 2019
Wednesday, 24 May 2017 03:20am EDT 

May 24 (Reuters) - Mahindra & Mahindra Ltd :Exec says co will launch next electric vehicle in second half of 2019.  Full Article

Mahindra & Mahindra says co investing in developing long range, high speed electric vehicles
Wednesday, 24 May 2017 02:52am EDT 

May 24 (Reuters) - Mahindra & Mahindra Ltd ::Exec says co to increase battery assembly to 12000 units in a few months from 5000.Says investing in developing long range, high speed electric vehicles.To invest to ramp up manufacturing of electric vehicles, setting up charging stations, other components like batteries, motors.Exec says co has so far invested 6 billion rupees in EVs.Exec says to increase electric vehicles manufacturing capcity to 5000 a month over time from 400 currently.Exec says working with the india government on new policy for electric vehicles.Exec says 20 percent reduction in cost will help make electric vehciles commercially viable for company.Exec says need to increase the range of electric vehicles to about 200 kms.Exec says co to develop batteries for electric vehicles that will give a range of 400kms.Exec says co expects to have 8-10 percent share of total electric vehicles market in india in 4-5 years.Exec says co working on a 32 seater bus on electric batteries to be launched in a year or year and a half.  Full Article

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

BRIEF-Mahindra And Mahindra Dec Total Tractor Sales Up About 30 Pct