Mahindra Mahindra

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Mahindra Mahindra - Total results - 154
Auto sector crisis: April-July passenger vehicle output down 13.2% on Maruti, M&M production cuts
Business

Auto sector crisis: April-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Market leader Maruti Suzuki India's production during the period stood at 5,32,979 units, down 18.06% from the comparable period last fiscal.

M&M plans to roll out three new electric vehicles; with 'tectonic shift' in auto industry, time ripe for shift, says Anand Mahindra
Business

M&M plans to roll out three new electric vehicles; with 'tectonic shift' in auto industry, time ripe for shift, says Anand Mahindra

The task of going all EVs (electric vehicles) is achievable and India has the potential to become a hub for these vehicles, said Chairman Anand Mahindra.

Mahindra & Mahindra's consolidated PAT declines 52.6% to Rs 894.11 cr in June quarter, hit by lower vehicle sales
Business

Mahindra & Mahindra's consolidated PAT declines 52.6% to Rs 894.11 cr in June quarter, hit by lower vehicle sales

The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the corresponding quarter of the previous financial year

Job cuts: Slump in auto sector sales forces firms to shut down factories; around 3.50 lakh workers laid off
Business

Job cuts: Slump in auto sector sales forces firms to shut down factories; around 3.50 lakh workers laid off

The auto sector, which contributes more than 7 percent of India’s GDP, is facing one of its worst downturns

Auto majors in slow lane; July sales see double-digit slump as consumer sentiment remained subdued
Business

Auto majors in slow lane; July sales see double-digit slump as consumer sentiment remained subdued

Continuing to face rough weather, Maruti Suzuki, Hyundai and three other auto majors reported a double-digit decline in sales in July as consumer sentiment remained subdued

Tata Motors MD Guenter Butschek draws over 2-times more salary than his M&M counterpart in FY19
Business

Tata Motors MD Guenter Butschek draws over 2-times more salary than his M&M counterpart in FY19

During FY2018-19, Tata Motors said its Chairman N Chandrasekaran was paid Rs 6 lakh for attending board and committee meetings.

Sensex jumps over 300 points, Nifty above 11,500-mark; Hero MotoCorp, Tata Motors, IndusInd among top gainers
Business

Sensex jumps over 300 points, Nifty above 11,500-mark; Hero MotoCorp, Tata Motors, IndusInd among top gainers

Sensex gave up some gains to trade 106.35 points, or 0.28 percent, higher at 38,663.39 at 0930 hours

Auto stocks fall up to 3% after passenger vehicle sales decline for eighth consecutive month in June
Business

Auto stocks fall up to 3% after passenger vehicle sales decline for eighth consecutive month in June

Auto stocks fell up to 3 percent on Wednesday after SIAM data showed that domestic passenger vehicle (PV) sales declined for the eighth consecutive month in June

Mahindra and Mahindra's electric vehicle sales rise over 2.5 times to 10,276 units in FY19
Business

Mahindra and Mahindra's electric vehicle sales rise over 2.5 times to 10,276 units in FY19

Homegrown auto major Mahindra & Mahindra's electric vehicle (EV) sales grew over two-and-a-half times to 10,276 units in 2018-19, riding on the second phase of orders for electric cars from state-owned EESL

Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%
Business

Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%

Homegrown auto major Mahindra & Mahindra (M&M) on Wednesday reported a 19.85 percent decline in its standalone profit after tax (PAT) to Rs 848.81 crore for the fourth quarter of 2018-19

Mahindra & Mahindra reports 9% fall in April sales to 43,721 units, exports decline 26%
Business

Mahindra & Mahindra reports 9% fall in April sales to 43,721 units, exports decline 26%

Auto major Mahindra & Mahindra (M&M) on Thursday reported a nine percent fall in total sales to 43,721 units in April

US automaker Ford to continue to sell diesel models in India, no plans to pull the plug on such vehicles, says official
Business

US automaker Ford to continue to sell diesel models in India, no plans to pull the plug on such vehicles, says official

Ford sells models like EcoSport and Endeavour in the country through a wholly-owned subsidiary

Ford nears deal with Mahindra & Mahindra to form new JV; US automaker may cease independent operations in India
Business

Ford nears deal with Mahindra & Mahindra to form new JV; US automaker may cease independent operations in India

Under the terms of the deal being negotiated, Ford will form a new unit in India in which it will hold a 49 percent stake, while Mahindra will own 51 percent,

FAME-II will help commit investments, provide big fillip to popularisation of electric vehicles: Auto industry
Business

FAME-II will help commit investments, provide big fillip to popularisation of electric vehicles: Auto industry

Through the scheme, the government plans to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.

Mahindra shifts priority to electric rickshaws; firm's CEO says e-three-wheelers make economic sense
Business

Mahindra shifts priority to electric rickshaws; firm's CEO says e-three-wheelers make economic sense

Earlier in November, Mahindra Electric Mobility had opened its electric technology manufacturing hub set up with an investment of Rs 100 crore in Bengaluru.

M&M Q2 net profit rises 23.87% to Rs 1,649.46 cr; total income up 8.5% to Rs 13,835 cr
Business

M&M Q2 net profit rises 23.87% to Rs 1,649.46 cr; total income up 8.5% to Rs 13,835 cr

M&M's vehicle sales during the second quarter stood at 1,41,163 units as against 129,754 units in the same period last fiscal, a growth of 9 percent

Ford goes local in India, aims for bigger slice of competitive market; co develops low-cost dealership format
Business

Ford goes local in India, aims for bigger slice of competitive market; co develops low-cost dealership format

It’s early days yet, and Ford still accounts for less than 3 percent of total passenger vehicle sales in India, where analysts say it’s tough for auto manufacturers to make money.

Uber is working on a new feature to keep customer and driver contacts anonymous
News & Analysis

Uber is working on a new feature to keep customer and driver contacts anonymous

This service of Uber is already active in some of the countries including Australia and South Africa.

Passenger vehicle sales in slow lane in September as high fuel cost, floods take toll
Business

Passenger vehicle sales in slow lane in September as high fuel cost, floods take toll

While Maruti Suzuki India, Tata Motors and Toyota Kirloskar posted single-digit sales growth in September, Hyundai, Mahindra & Mahindra (M&M) and Ford witnessed a decline in sales.

Electric vehicle segment to stabilise in India over next five years, says M&M managing director Pawan Goenka
Business

Electric vehicle segment to stabilise in India over next five years, says M&M managing director Pawan Goenka

Speaking at the annual convention of SIAM, M&M Managing Director Pawan Goenka said with EV prices coming down and demand picking up for such vehicles, subsidy requirements would come down over a period of time