Company: Mahindra & Mahindra Ltd.


Mahindra & Mahindra today expanded its global footprint with the inauguration of its Sri Lankan automotive assembly plant at Welipenna, near Colom
Aug. 17, 2019, 2:36 p.m.

Will focus on brand-building and augmenting models’ visibility
Aug. 16, 2019, 9:34 a.m.

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .
Aug. 15, 2019, 12:40 p.m.

Indiabulls Housing Finance surged 11.5%, M&M Fin, Indiabulls Ventures and Bajaj Finance and HDFC were also trading in the positive zone.
Aug. 9, 2019, 1:26 p.m.


This development is part of aligning its production with sales requirements.
Aug. 9, 2019, 12:21 p.m.

Overall revenues fell 4 per cent to ₹12,805 crore
Aug. 7, 2019, 10:15 p.m.

In addition to the cut in the GST from the current 28 per cent, the company hoped for scrappage policy to boost demand
Aug. 7, 2019, 8:03 p.m.

The company has posted a 22 per cent fall in adjusted profits
Aug. 7, 2019, 2:26 p.m.

Mahindra & Mahindra on Wednesday reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30, hit by lower vehicle sales. The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the same quarter of the previous financial year, Mahindra & Mahindra said in a regulatory filing. Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago. In the first quarter, M&M said its total vehicle sales stood at 1,23,690 units as against 1,30,484 units in the year-ago period, down 5 per cent.
Aug. 7, 2019, 2:20 p.m.

According to Motilal Oswal Securities, M&M’s Q1FY20 net revenue is expected to decline 7% YoY.The company had said earlier that it plans to invest ₹18,000 crore over the next three years
Aug. 7, 2019, 11:44 a.m.
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