M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick
4 months, 1 week ago

M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick

Live Mint  

The Indian Passenger Vehicle industry experienced a subdued September quarter, with Original Equipment Manufacturers reporting varied performance in terms of volume growth and margin trajectories. In contrast, Maruti Suzuki India, Tata Motors, and Hyundai Motor India reported volume declines of 2–9% YoY during the same period. > Tata Motors India PV: EBIT margin declined by 10 bps QoQ and a sharper 160 bps YoY to 0.2%. Strong volume growth and an improved margin trajectory drove a 21% YoY increase in M&M’s auto division EBIT during Q2FY25, in stark contrast to the declines experienced by its peers. Maruti Suzuki and Hyundai Motor India reported 8–10% YoY declines in EBIT, while Tata Motors India PV business saw a dramatic 91% YoY drop, reflecting weak profitability, according to Jefferies.

India Maruti Suzuki Auto Volume Share Qoq Bse Sensex Yoy Margin Motor Tata Motors Bps Jefferies Volume Growth Ebit Margin Hyundai Motor India Ebit Bse Auto Its Peers H1Fy25  strong  suzuki  pv  mm  yoy  outpaces  jefferies  india  volume  share  auto  motor  pick  margin  ebit  bps  q2  rivals

History of this topic

Tata Motors: Is the worst over for the auto giant?
1 week, 2 days ago

Tata Motors: Is the worst over for the auto giant?

Live Mint  

India’s auto industry is booming, with annual vehicle sales surpassing 4 million, making it the world’s third-largest car market. Within Nifty Auto, Tata Motors holds the third-largest market share in India and has led the sector’s rally, posting an impressive 60% CAGR since April 2020. Meanwhile, with most of JLR’s manufacturing based in Europe, Tata Motors is staring down potential …

M&M share price surges 3% after UBS upgrades auto stock to ’buy’, sees 22% upside
2 weeks, 4 days ago

M&M share price surges 3% after UBS upgrades auto stock to ’buy’, sees 22% upside

Live Mint  

Mahindra & Mahindra share price rose by more than 3% during Wednesday's trading session after the global brokerage firm UBS upgraded the stock to a 'buy' rating. Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, highlighted that M&M share price have seen a gap up opening and we are seeing a follow up buying, next key resistance is …

M&M shares rise over 4% after UBS upgrade. 3 things investors should know
Trending News
2 weeks, 4 days ago

M&M shares rise over 4% after UBS upgrade. 3 things investors should know

India Today  

Mahindra & Mahindra shares rose over 4% on Wednesday after foreign brokerage UBS upgraded the stock to 'Buy.' It acknowledged that M&M’s recent EV bookings—30,000 units—fell short of estimates but still considered them strong, given India's EV sales in January 2024 and January 2025 stood at 98,000 and 12,000 units, respectively. “Tesla's Model Y will compete with premium EVs like …

Stocks to buy for long-term: Maruti Suzuki, TVS Motor among top picks after Feb auto sales data
2 weeks, 6 days ago

Stocks to buy for long-term: Maruti Suzuki, TVS Motor among top picks after Feb auto sales data

Live Mint  

Auto stocks rallied on Monday, led by heavy gains in shares of Mahindra & Mahindra, Maruti Suzuki India, TVS Motors, Eicher Motors and others after the companies reported their wholesales data for the month of February 2025. Maruti Suzuki share price gained less than a percent, while Tata Motors shares declined more than 1% and Hyundai Motor India stock plunged …

M&M share price jumps 4% after February sales spike 15% YoY
2 weeks, 6 days ago

M&M share price jumps 4% after February sales spike 15% YoY

Live Mint  

Mahindra & Mahindra share price jumped over 4% on Monday after the company reported strong wholesales for the month of February 2025. Auto major Mahindra & Mahindra reported a total sales of 83,702 units in February, registering a growth of 15% from 72,923 units sold in February last year. In the farm equipment segment, M&M said its total tractor sales …

M&M Financial share price jumps 4% after allotment of NCDs worth ₹500 crore
3 weeks, 2 days ago

M&M Financial share price jumps 4% after allotment of NCDs worth ₹500 crore

Live Mint  

Stock market today: Shares of non-banking finance company Mahindra & Mahindra Financial Services witnessed a 4% increase on Thursday, February 27, after it informed that the Committee of Directors has approved the allotment of 50,000 non-convertible debentures to identified investors. "We hereby inform you that, based on the successful bidding done at the BSE Bond-EBP Platform, the Committee of Directors …

M&M stock is in top gear. Where will it be in three years?
3 weeks, 6 days ago

M&M stock is in top gear. Where will it be in three years?

Live Mint  

Mahindra & Mahindra stock has been firing on all cylinders. View Full Image Source: Company’s annual report 2024 #2 EVs: Late to the party, but charging up M&M has been a laggard in India’s EV race, especially compared to Tata Motors, which moved early and aggressively. View Full Image Source: Company presentation #1 Mahindra Finance: Fixing asset quality, scaling up …

Car market on track to better last year's performance, Maruti Suzuki driving growth
1 month ago

Car market on track to better last year's performance, Maruti Suzuki driving growth

India Today  

For the domestic car space, FY24 was a remarkable year. Amid a robust demand and easing of supply chain constraints, India became the third-largest passenger vehicle market in the world during the fiscal, going past annual wholesales of 40,00,000 units for the first time. PV volumes FY25 FY24 Growth 35,38,674 units 34,76,319 units 1.8% Source - SIAM While the PV …

Tata Motors shares: 42% crash from peak wipes off investor wealth by ₹1.8 lakh crore
1 month, 1 week ago

Tata Motors shares: 42% crash from peak wipes off investor wealth by ₹1.8 lakh crore

Live Mint  

Shares of Tata Motors, a leading global automobile manufacturer, have been maintaining a steady downward spiral in recent weeks, tumbling to levels not seen in many months. Motilal Oswal trimmed its EBITDA estimates by 3% and 5% for FY25 and FY26, respectively, factoring in JLR's weakness, while maintaining a ‘Neutral’ rating on the stock with a target price of ₹775 …

M&M shares hit record high on strong Q3 results, positive growth outlook
1 month, 1 week ago

M&M shares hit record high on strong Q3 results, positive growth outlook

Live Mint  

Shares of Mahindra & Mahindra surged 2.5 percent to reach an all-time high on Monday, February 10, outperforming a weak broader market after the company announced strong December quarter earnings. The firm retained its 'Buy' rating, stating that while electric vehicle contract margins would likely keep standalone margins range-bound, M&M’s strong demand visibility in SUVs and tractors remained a key …

Mahindra Q3 Net Profit Rises 20% to Rs 3,181 Crore
1 month, 2 weeks ago

Mahindra Q3 Net Profit Rises 20% to Rs 3,181 Crore

Deccan Chronicle  

Pune: Automaker Mahindra & Mahindra on Friday posted a 20 per cent year-on-year jump in its consolidated profit after tax at Rs 3,181 crore for its December quarter, driven by strong demand for its sport utility vehicles and tractors. Its revenue during October-December 2024 grew 17 per cent year-on-year to Rs 41,470 crore, compared with Rs 35,299 crore in the …

M&M Q3 result: Profit jumps 20% YoY to ₹3,181 crore; revenue rises 18%
1 month, 2 weeks ago

M&M Q3 result: Profit jumps 20% YoY to ₹3,181 crore; revenue rises 18%

Live Mint  

M&M Q3 result: Mahindra & Mahindra on Friday, February 7, reported a decent rise in its consolidated net profit and revenue for the December quarter of the current financial year. M&M Q3 scorecard In an exchange filing, Mahindra and Mahindra said its auto and farm segments continue to deliver on growth and margins, with profits rising 16 per cent. The …

Tata Motors had accounting, PLI save the day in Q3, leaving investors unimpressed
1 month, 3 weeks ago

Tata Motors had accounting, PLI save the day in Q3, leaving investors unimpressed

Live Mint  

Tata Motors Ltd’s shares nosedived to a new 52-week low of ₹683.20 apiece on Thursday, following muted December quarter results accompanied by adverse management commentary, especially with regards to its Jaguar Land Rover business. The management has lowered JLR revenue guidance by 3% for FY25, while remaining optimistic of improving JLR wholesale sales further in the March quarter led by …

Stocks to Watch: Bajaj Auto, JSW Energy, Hyundai Motor, Suzlon Energy, and more
1 month, 3 weeks ago

Stocks to Watch: Bajaj Auto, JSW Energy, Hyundai Motor, Suzlon Energy, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Hyundai Motor: Hyundai Motor India Ltd recorded a 19 percent YoY decline in consolidated net profit to ₹1,124 crore for the December 2024 quarter. Piramal Pharma: Piramal Pharma Ltd's net profit declined by 63.4 percent YoY to ₹3.7 crore for the December 2024 quarter, down from …

Auto stocks to buy: Jefferies lists 3 top investment picks from the sector
2 months, 1 week ago

Auto stocks to buy: Jefferies lists 3 top investment picks from the sector

Live Mint  

Jefferies has expressed a positive outlook on the Indian automobile sector, identifying Mahindra & Mahindra, Eicher Motors, and TVS Motor as its top three investment picks. In a recent update, Jefferies made significant changes to price targets for key players in the auto sector: Bajaj Auto: Target reduced by 23 per cent to ₹10,350 from ₹13,400. The company posted strong …

Auto Sector Q3 Results Preview: Expect modest revenue, profit growth, stable margins for OEMs; Maruti, Hyundai top picks
2 months, 2 weeks ago

Auto Sector Q3 Results Preview: Expect modest revenue, profit growth, stable margins for OEMs; Maruti, Hyundai top picks

Live Mint  

The Indian automobile sector is projected to deliver a mixed performance in the third quarter of FY25, as the festive season appears to have fallen short in reviving overall demand. Maruti Suzuki India is its top pick among auto OEMs as its upcoming new launches are expected to continue to help improve the mix and drive healthy earnings growth. Here …

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally
Trending News
2 months, 3 weeks ago

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally

Live Mint  

Stock market today: Indian auto stocks experienced strong demand in today's trading session, as investors responded positively to the December sales data, particularly strong numbers from the PV segment, prompting brokerages to maintain a positive outlook on the sector. In terms of PV sales, Maruti Suzuki led in 2024 as the country's leading car manufacturer sold 178,248 car units in …

Maruti Suzuki share price jumps over 4%. What's behind today's gain?
Trending News
2 months, 3 weeks ago

Maruti Suzuki share price jumps over 4%. What's behind today's gain?

India Today  

Shares of Maruti Suzuki India Ltd surged over 4% in Thursday’s trading session, hitting an intraday high of Rs 11,675 on the Bombay Stock Exchange. December 2024 proved to be a strong month for Maruti Suzuki, as total sales rose 29.5% year-on-year to 1,78,248 units compared to 1,37,551 units in December 2023. Sales in the mini-segment, including models like Alto …

Automakers drive India’s blue-chips higher in first session of 2025
2 months, 3 weeks ago

Automakers drive India’s blue-chips higher in first session of 2025

Live Mint  

By Bharath Rajeswaran Jan 1 - India's benchmark indexes rose on the first day of 2025, led by auto stocks that were boosted by a rise in monthly sales for top carmaker Maruti Suzuki and peer Mahindra & Mahindra. India's blue-chip indexes rose to record highs early in 2024 but slowing corporate earnings and an exodus of foreign funds curtailed …

Maruti Suzuki vs Hyundai Motor India shares: Which auto stock to buy after Q2FY25 results?
4 months, 1 week ago

Maruti Suzuki vs Hyundai Motor India shares: Which auto stock to buy after Q2FY25 results?

Live Mint  

Indian stock market has been witnessing an intriguing contest between automobile industry stalwart Maruti Suzuki India and the newly-listed Hyundai Motor India. According to him, the choice between these two would ultimately depend on whether investors are interested in Hyundai Motor India’s technological leadership and premium positioning or Maruti Suzuki’s prospects for growth and value-driven approach. Emkay Global has a …

Hyundai Motor India share price falls over 5% amid weak Q2 results, extends decline to third session. Should you buy?
4 months, 1 week ago

Hyundai Motor India share price falls over 5% amid weak Q2 results, extends decline to third session. Should you buy?

Live Mint  

Hyundai Motor India share price plunged over 5% on Wednesday, November 13, extending its weakness, after the country’s second-largest automaker reported its Q2 results. MOFSL has a ‘Buy’ rating on Hyundai Motor India shares with a target price of ₹2,235 per share. Hyundai Motor India Vs Maruti Suzuki When comparing Hyundai Motor India with Maruti Suzuki India, which is its …

Aarti Industries shares fall 10% to 4-year low as Q2 profit drops 43% YoY
4 months, 1 week ago

Aarti Industries shares fall 10% to 4-year low as Q2 profit drops 43% YoY

Live Mint  

3Stock Market Today: Shares of Aarti Industries, the flagship company of the Aarti Group, tumbled 10% to ₹427 per share, hitting a 4-year low in trade on Monday, November 11. This decline followed the company’s disastrous performance in the September quarter, with both net profit and EBITDA reaching multi-quarter lows, impacted by a sharp rise in operating expenses and weak …

Tata Motors share price gains 3% post Q2 results on better second half FY25 expectations
4 months, 1 week ago

Tata Motors share price gains 3% post Q2 results on better second half FY25 expectations

Live Mint  

Stock Market Today: Tata Motors share price gained almost 3% in morning trades on Monday and was among largest gainers in the Nifty 50 stocks on a day when benchmark indices saw volatility. While Tata Motors Q2 performance was subdued led by Weakness in Jaguar Land Rover margins, analysts say second Half FY25 should see improvement as margin challenges for …

Tata Motors Q2 Results: Drop in PAT, H2 outlook among 5 key highlights from automaker’s earnings show
4 months, 2 weeks ago

Tata Motors Q2 Results: Drop in PAT, H2 outlook among 5 key highlights from automaker’s earnings show

Live Mint  

Tata Motors Q2 Results: Automaker Tata Motors on Friday, November 8, reported its second quarter results for the financial year 2025, wherein it witnessed a decline in both revenue and profits. Here are key takeaways from Tata Motor's Q2 earnings: PAT, revenue, margins dip The Tata group company reported an 11 per cent year-on-year fall in consolidated net profit to …

Tata Motors share price in focus ahead of Q2 results today: Here is what analysts expect
4 months, 2 weeks ago

Tata Motors share price in focus ahead of Q2 results today: Here is what analysts expect

Live Mint  

Stock Market Today: Tata Motors share price has declined sharply by over 11% in the last one month amid a correction in the benchmark indices. Tata Motors share price was down around 1% in morning trades on Friday ahead of the earnings announcement by the auto major for the quarter ended September 2024 today. Here is what analysts expect from …

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY
4 months, 2 weeks ago

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY

Live Mint  

Mahindra & Mahindra Ltd on Thursday, November 7 reported a 35% year-on-year jump in its consolidated net profit to ₹3,171 crore for the second quarter of FY25. Meanwhile, the auto major's consolidated revenue from operations grew 10% YoY to ₹37,689 crore in Q2 FY24 from ₹34,281 crore in Q2 FY24. Automobile Segment Mahindra’s Auto segment revenue in Q2 FY25 grew …

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore
7 months, 3 weeks ago

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore

New Indian Express  

MUMBAI: The homegrown automaker Mahindra and Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins. The company said its market share from a revenue angle in the SUV segment rose at 21.6 percent, up 130 bps, and in tractors it retained …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
8 months, 1 week ago

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Hindustan Times  

Shares of Mahindra and Mahindra fell 7.3 per cent to ₹2,711.75 on the BSE today. With this, the stock of the automobile company recorded its sharpest intraday fall in the past 28 months. In past eight months, the stock M&M has appreciated by 92 per cent and in the current calendar year 2024, it has rallied 70 per cent. Mahindra …

Mahindra & Mahindra share price jumps over 7% to record high after Q4 results
10 months ago

Mahindra & Mahindra share price jumps over 7% to record high after Q4 results

Hindustan Times  

Mahindra & Mahindra share price: The share price of Mahindra & Mahindra rose 7 per cent today as analysts remained bullish on the stock and raised the target price following the company's robust Q4 results. The brokerage retained its ‘Buy’ rating and raised M&M share price target to ₹2,760 per share from ₹2,380 earlier. Emkay Global Financial Services upgraded FY25E …

M&M shares jump over 5% to record high on supply deal with Volkswagen
1 year, 1 month ago

M&M shares jump over 5% to record high on supply deal with Volkswagen

Live Mint  

Mahindra & Mahindra share price rallied over 5% to a 52-week high after the company signed a supply agreement for Volkswagen components to be used in its electric vehicles. The agreement between Volkswagen Group and M&M is for the supply of components of Volkswagen’s MEB for Mahindra’s purpose-built electric platform INGLO. Mahindra plans to launch five all-electric SUVs in India …

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales
1 year, 1 month ago

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales

ABP News  

Automaker Mahindra & Mahindra clocked a 34 per cent jump in its consolidated profit on a year-on-year basis in its third quarter earnings on Wednesday. The vehicle sales of the firm grew 20 per cent to 2,11,443 units sold in the October-December quarter in the current fiscal year, against 1,76,094 units sold in the corresponding quarter a year earlier. At …

Mahindra Q3 profit after tax up 34%
1 year, 1 month ago

Mahindra Q3 profit after tax up 34%

New Indian Express  

MUMBAI: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals. The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year. Revenue increased …

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts
1 year, 1 month ago

Maruti Suzuki Q3 results preview: Net profit likely to rise 20%, say analysts

Live Mint  

India's largest carmaker Maruti Suzuki is all set to announce its financial results for the third quarter ended December 31, 2023, on January 31. Analysts from various brokerages anticipate that the company is likely to experience a decline in margins on a sequential basis due to an unfavourable product mix and increased discounts offered during the December quarter. “We expect …

M&M accelerates ‘Born EV’ plans, to expedite launches
1 year, 2 months ago

M&M accelerates ‘Born EV’ plans, to expedite launches

Live Mint  

Homegrown automaker Mahindra & Mahindra is expediting its plans to launch its ground-up electric vehicles, with four brand-new electric sport utility vehicles expected to be launched by the first quarter of calendar year 2025, persons in the know told Mint on condition of anonymity. The company is looking to advance its EV launch plans as it is eager to kick-off …

M&M share price trades flat after strong Q2 results; should you buy the stock?
1 year, 4 months ago

M&M share price trades flat after strong Q2 results; should you buy the stock?

Live Mint  

Mahindra & Mahindra shares traded flat on Monday after the auto major reported a decent earnings for the second quarter of FY24. The company’s automotive segment saw a healthy double-digit growth during the festive season, while the farm equipment segment’s performance was muted as its revenue fell 0.4% YoY. “While the valuation is still attractive versus peers, M&M has seen …

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY
1 year, 5 months ago

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, will announce its financial results for the second quarter of FY24 on Wednesday, 18 October 2023. For Bajaj Auto, net profit in Q2FY24 is expected to rise 13.6% to ₹1,738 crore from ₹1,530 crore in the same quarter last year, as per average estimates of analysts. Analysts expect earnings before interest, tax, depreciation …

M&M Q4 Results: PAT At Rs 2,637 Crore, Profit Rises 56 Per Cent To Rs 10,282 Crore In FY23
1 year, 9 months ago

M&M Q4 Results: PAT At Rs 2,637 Crore, Profit Rises 56 Per Cent To Rs 10,282 Crore In FY23

ABP News  

Mumbai-based Mahindra & Mahindra on Friday logged an 18 per cent jump in consolidated profit at Rs 2,637 crore for the March quarter and highest-ever annual profit of Rs 10,282 crore in FY23, driven by robust performance across business verticals. For the year ended March 31, 2023, the company posted a consolidated PAT of Rs 10,282 crore, up 56 per …

M&M sells entire stake 3.195% in Mahindra CIE Automotive; shares rally
1 year, 9 months ago

M&M sells entire stake 3.195% in Mahindra CIE Automotive; shares rally

Live Mint  

Block deal: Auto giant, Mahindra & Mahindra on Wednesday confirmed selling 3.195% stake in a listed associate company, Mahindra CIE Automotive. Despite the stake sale Mahindra CIE's stock price skyrocketed to hit a fresh 52-week high. As per the regulator filing, M&M sold its entire stake comprising of 1,21,22,068 equity shares representing 3.195% of the paid-up share capital of CIE. …

M&M to sell 4.6% stake in Mahindra CIE via block deals: Report
2 years ago

M&M to sell 4.6% stake in Mahindra CIE via block deals: Report

Live Mint  

Mahindra & Mahindra Limited an Indian multinational automotive manufacturing corporation headquartered in Mumbai today announced to sell a 4.6% stake in Mahindra CIE via block deals. According to Trendlyne data, promoters elevated their holdings from 19.38% in the September 2022 quarter to 19.39% in the December 2022 quarter, while FII/FPI increased their holdings from 38.27% in the second quarter of …

Mahindra net profit jumps 14% to Rs 1,528 crore
2 years, 1 month ago

Mahindra net profit jumps 14% to Rs 1,528 crore

Deccan Chronicle  

Pune: Mahindra and Mahindra, the SUV specialist and tractor maker, on Friday reported a 13.5 per cent jump in its standalone net profit at Rs 1,528 crore during the December quarter, up from Rs 1,335 crore in the same quarter of the previous fiscal. The Mumbai-based automaker’s revenue from operations was up 41 per cent at Rs 21,654 crore from …

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales
2 years, 1 month ago

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales

ABP News  

Mahindra & Mahindra on Friday logged a 14 per cent rise in its profit after tax to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. M&M revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. Tractor sales rose 14 per cent …

India’s M&A activity to remain buoyant amid global slump
2 years, 1 month ago

India’s M&A activity to remain buoyant amid global slump

Live Mint  

Bengaluru: Bucking the trend globally, merger and acquisition activity in India will continue to grow at a fast clip this year, buoyed by the availability of attractive assets and a positive sentiment as an investment destination, global consultancy firm Bain & Company has said in a report. According to data from the Reserve Bank of India, aggregate foreign direct investment …

The only drag on a racing Maruti Suzuki India Ltd
2 years, 4 months ago

The only drag on a racing Maruti Suzuki India Ltd

Live Mint  

The recent festive season ended on an upbeat note for the automobile industry. Maruti Suzuki India Ltd’s volumes for last month are likely to grow by 12% versus October 2019, according to Jefferies. “The success of Grand Vitara, which will be judged over a six-month period, is one of the key catalysts for the Maruti stock, as this vehicle opens …

Passenger vehicle sales to remain in fast lane in August: report
2 years, 6 months ago

Passenger vehicle sales to remain in fast lane in August: report

The Hindu  

Passenger vehicle sales are expected to be robust in August on account of large pending orders with various companies and production ramp up, according to a report. Besides, two-wheeler volumes are also expected to improve, owing to festive demand and inventory build-up with dealers, according to brokerage firm Emkay Global Financial Services. In the two-wheeler space, Emkay Global expects domestic …

M&M Q1 profit up 67%, records highest quarterly revenue for farm, auto segments
2 years, 7 months ago

M&M Q1 profit up 67%, records highest quarterly revenue for farm, auto segments

Live Mint  

Mahindra and Mahindra reported Q1 FY23 results on Friday in which its standalone net profit rose more than 67% to ₹1,430 crore as compared to ₹855 crore year-on-year. The tractor manufacturer said that it record highest ever quarterly standalone revenue for Auto and Farm Segments during Q1 at ₹18,995 crore. Farm equipment revenue increased by nearly 26% at ₹6,689 crore …

Tech Mahindra, ICICI, SBI Among Top Picks For July; Analysts See Up To 70% Rally This Month
2 years, 8 months ago

Tech Mahindra, ICICI, SBI Among Top Picks For July; Analysts See Up To 70% Rally This Month

News 18  

Stocks to Buy in July: Sensex and Nifty corrected by more than 8 per cent each in June 2022, recording their worst monthly performance since March 2020. In any case, we foresee inflation touching higher levels in the next couple of months but believe it would be followed by some moderation in the forthcoming one or two quarters.” Axis Securities …

Stocks to Watch Today: Tech Mahindra, Bajaj Finance, Veranda, and Others
2 years, 10 months ago

Stocks to Watch Today: Tech Mahindra, Bajaj Finance, Veranda, and Others

News 18  

The market is expected to open in the green as trends on the SGX Nifty indicate a positive opening for the broader index in India with a gain of 105 points. Steel Exchange India The company reported a massive 286 per cent year-on-year growth in profit at Rs 112.5 crore driven by tax write-back in the quarter ended March 2022. …

On the recovery path, auto sector has a bumpy ride
3 years ago

On the recovery path, auto sector has a bumpy ride

Live Mint  

The Nifty Auto index was the biggest loser among sectoral indices on Wednesday, falling by almost 3%, on a day when the Nifty50 index fell by 1%. “Our Commodity Cost Index has started inching up and is 50-100 basis points higher for PVs and 150-200 bps higher for 2Ws currently versus the Q3FY22 levels," said analysts from Nomura Financial Advisory …

M&M Q3 Results: PAT Rises Over Twofold To Rs 1,353 Crore
3 years, 1 month ago

M&M Q3 Results: PAT Rises Over Twofold To Rs 1,353 Crore

ABP News  

New Delhi: Homegrown auto major Mahindra & Mahindra on Thursday reported over twofold increase in its standalone profit after tax at Rs 1,353 crore, for the quarter ended December 31, 2021. Revenue for the third quarter rose by 8 per cent to Rs 15,239 crore, as against Rs 14,057 crore in the year-ago period, M&M said in a regulatory filing. …

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