Company: Mahindra & Mahindra Ltd. Category: Company News


M&M, did not elaborate on the break-up of Goenka’s remuneration but said he holds 79,188 ordinary equity shares of the company
July 21, 2019, 11:12 a.m.

Tata Motors Managing Director and CEO Guenter Butschek's total remuneration was at ₹26.29 crore while Pawan Goenka's total remuneration for FY2018-19 was at ₹12.19 crore.Tata Motors said Butschek's remunerations included performance bonus and long-term incentive plan of ₹9.23 crore and retirement benefits of ₹32,02,494
July 21, 2019, 10:53 a.m.
Publisher: livemint.com

Homegrown auto majors Tata Motors and Mahindra & Mahindra are close rivals in the automotive market but when it comes to remuneration of their top honchos, the former is miles ahead of the latter. Tata Motors Managing Director and CEO Guenter Butschek's total remuneration was at Rs 26.29 crore, an increase of 1.57 per cent from the previous year, according to the company's annual report for 2018-19. On the other hand, Mahindra & Mahindra (M&M) Managing Director Pawan Goenka's total remuneration for FY2018-19 was at Rs 12.19 crore, which was at a marginal decline of 0.16 per cent from the previous fiscal, its annual report for 2018-19 showed. Tata Motors said Butschek's remunerations included performance bonus and long-term incentive plan of Rs 9.23 crore and retirement benefits of Rs 32,02,494. The performance bonus of EUR 5,94,000 (at conversion rate of Rs 77.67 as on March 31, 2019) will be paid during FY 2019-20, the company said, adding his remunerations also .
July 21, 2019, 10:40 a.m.

Firm says working on localizing farm machines to make them affordable for farmers.M&M is working on the farm machinery ecosystem as it sees a strategic growth opportunity
July 8, 2019, 11:53 p.m.
Publisher: livemint.com


However, passenger vehicle sales and utility vehicles sales grew 4% and 8%, respectively, on new product launches.
July 1, 2019, 2:13 p.m.

A Twitter user advices Anand Mahindra to buy Jet Airways.The Mahindra group honcho is also known for his witty replies on Twitter.
July 1, 2019, 10:12 a.m.
Publisher: livemint.com

Called the 'World of SUVs', the company has set up over 300 such centres, including 100 'showroom within showroom' in the past six months
June 28, 2019, 7:52 p.m.

The Nifty Auto index gained over 1.5% at 8,010.65 levels as buying was witnessed in Tata Motors, Ashok Leyland, M&M and Eicher Motors.
June 27, 2019, 1:44 p.m.

The 51:49 joint venture aims to expand the depth and breadth of fund offerings and retail fund penetration in India.
June 21, 2019, 2:51 p.m.

This price increase is due to the implementation of AIS 145 Safety Norms across all passenger vehicles in India, the company said in the filing.
June 19, 2019, 11:46 a.m.

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