Mahindra & Mahindra records 16% increase in December sales; PV sales up 22% and SUV up 18%
1 week, 1 day ago

Mahindra & Mahindra records 16% increase in December sales; PV sales up 22% and SUV up 18%

Live Mint  

Mumbai, January 1 : Automotive company Mahindra & Mahindra witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing. In the utility vehicle segment, the company sold 41,424 vehicles in the domestic market, a growth of 18 per cent and overall, 42,958 vehicles, including exports. Mahindra's farm equipment sector saw Domestic sales in December 2024 at 22019 units, as against 18028 units during December 2023. Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said "We have sold 22019 tractors in the domestic market during December 2024, a growth of 22% over last year.

Sales Mahindra Units Records 16  22  increase  units  sales  mahindra  pv  records  16  sector  domestic  18  vehicles  sold  exports  growth  company  suv

History of this topic

Mahindra BE 6, XEV 9e prices revealed for top trim, booking details out
1 day, 10 hours ago

Mahindra BE 6, XEV 9e prices revealed for top trim, booking details out

India Today  

India's largest SUV manufacturer, Mahindra & Mahindra, has announced the prices of the top trim of its born electric vehicles, the Mahindra BE 6 and the Mahindra XEV 9e. Model Battery Ex-showroom price Special EMI scheme BE 6 Pack Three 79kWh Rs 26.90 lakh Rs 39,224 per month XEV 9e Pack Three 79kWh Rs 30.50 lakh Rs 45,450 per month …

Electric journey helps Tata Motors, Mahindra become first to win auto PLI
Trending News
6 days, 23 hours ago

Electric journey helps Tata Motors, Mahindra become first to win auto PLI

Live Mint  

Tata Motors Ltd and Mahindra and Mahindra Ltd on Thursday became India's first automakers to secure production incentives for the automotive sector, marking a key moment for the scheme that had a tepid start. The two companies have received approval for claims worth ₹246 crore under the Production-Linked Incentive Auto scheme, the heavy industries ministry said. Read this | Why …

Automakers see strong December sales growth, led by rural demand
1 week ago

Automakers see strong December sales growth, led by rural demand

Deccan Chronicle  

Passenger vehicle sales of top automakers such as Maruti Suzuki, Mahindra, and Toyota Kirloskar Motor registered strong double-digit growth last month, despite customers typically shying away from purchases as they wait for the new year. Maruti Suzuki saw a 24.18 percent year-on-year increase in sales, reaching 1.30 lakh units, as dispatches of hatchbacks and mini cars to dealers bounced back …

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally
Trending News
1 week 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, Mahindra lead Indian carmakers’ December sales to dealers
1 week ago

Maruti, Mahindra lead Indian carmakers’ December sales to dealers

Live Mint  

By Meenakshi Maidas and Nandan Mandayam -Indian carmakers Mahindra & Mahindra and Tata Motors reported a rise in sales to domestic dealers in December on steady sport utility vehicle demand, while year-end discounts helped Maruti Suzuki record its first small-car sales growth in 20 months, company data showed. Market leader Maruti Suzuki's domestic sales rose 24% in December and Mahindra …

Mahindra closes in on Tata Motors as EV sales falter
3 weeks, 3 days ago

Mahindra closes in on Tata Motors as EV sales falter

Live Mint  

Mahindra & Mahindra has surpassed Tata Motors as India’s third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company. Tata Motors’ market share, driven by the Nexon EV, peaked at just over 14% in March but its performance …

Passenger vehicle sales highest in Nov., up 4%, says SIAM
3 weeks, 5 days ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

M&M to sell EVs through existing sales network to offer all choices under one roof
1 month, 1 week ago

M&M to sell EVs through existing sales network to offer all choices under one roof

Live Mint  

New Delhi, Dec 1 Mahindra & Mahindra will utilise its existing sales network to sell its electric vehicle range as the automaker looks to offer all the choices to customers under one roof, according to a top company executive. The Mumbai-based automajor, which sells models like Thar and Scorpio, has now expanded its electric vehicle range with the launch of …

Mahindra bets on premium electric SUVs to boost market share
1 month, 1 week ago

Mahindra bets on premium electric SUVs to boost market share

Deccan Chronicle  

With its smaller SUV, Mahindra will enter India's fast-growing compact SUV market, which grew nearly 20% in the first six months of the current fiscal year and is dominated by Hyundai's Creta SUV and Toyota's Urban Cruiser Hyryder SUV. Mumbai-based Mahindra, second largest SUV maker in volumes, introduced the smaller sporty BE 6e and luxurious XEV 9e electric SUVs priced …

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: Mahindra & Mahindra Financial Services share price are up by 0.29%, Nifty up by 0.03%
Trending News
1 month, 2 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: Mahindra & Mahindra Financial Services share price are up by 0.29%, Nifty up by 0.03%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 26-11-2024: At 26 Nov 11:22 today, Mahindra & Mahindra Financial Services shares are trading at price ₹273.2, 0.29% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 …

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: Mahindra & Mahindra Financial Services share price are up by 5.01%, Nifty up by 1.81%
1 month, 2 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: Mahindra & Mahindra Financial Services share price are up by 5.01%, Nifty up by 1.81%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 25-11-2024: At 25 Nov 11:24 today, Mahindra & Mahindra Financial Services shares are trading at price ₹276.75, 5.01% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 …

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: Mahindra & Mahindra Financial Services share price are up by 2.07%, Nifty up by 1.26%
1 month, 2 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: Mahindra & Mahindra Financial Services share price are up by 2.07%, Nifty up by 1.26%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: At 22 Nov 12:46 today, Mahindra & Mahindra Financial Services shares are trading at price ₹261.65, 2.07% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days …

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.63%, Nifty down by -1.07%
1 month, 4 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.63%, Nifty down by -1.07%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Mahindra & Mahindra Financial Services shares are trading at price ₹265.1, -1.63% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: Mahindra & Mahindra Financial Services share price are down by -2.28%, Nifty down by -0.03%
1 month, 4 weeks ago

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: Mahindra & Mahindra Financial Services share price are down by -2.28%, Nifty down by -0.03%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Mahindra & Mahindra Financial Services shares are trading at price ₹269.7, -2.28% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore
Trending News
2 months ago

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore

Deccan Chronicle  

Pune: Mahindra & Mahindra, the SUV specialist, on Thursday said it is confident of doing better than the industry growth rate, and emphasized its earlier sales growth target of mid to high teens during the media interaction with journalists after the September quarter results on November 7. "Our SUV sales volumes increased by 18 per cent YoY, maintaining leadership in …

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
2 months ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

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

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.73%, Nifty down by -1.16%
2 months ago

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: Mahindra & Mahindra Financial Services share price are down by -1.73%, Nifty down by -1.16%

Live Mint  

Mahindra & Mahindra Financial Services Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Mahindra & Mahindra Financial Services shares are trading at price ₹272.4, -1.73% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

This tractor maker clocked its best-ever monthly sales in October. Not Mahindra, Swaraj, TAFE
2 months ago

This tractor maker clocked its best-ever monthly sales in October. Not Mahindra, Swaraj, TAFE

India Today  

Leading tractor manufacturer Sonalika Tractors today announced that it sold 20,056 units of tractors in October 2024. To enhance its festive season sales, Sonalika provided several benefits, including cash discounts and finance schemes, under its annual 'Heavy Duty Dhamaka' offer. "We are thrilled to have surpassed all previous monthly records with an outstanding 20,056 tractor sales, marking a proud moment …

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights
2 months, 1 week ago

Mahindra's SUV Domination: The Roxx Propels Sales to New Heights

ABP News  

Indian car buyers are showing a strong preference for SUVs, with Mahindra recording its highest ever sales thanks to the booming SUV segment. The 10-25 lakh segment has seen a significant surge in sales, with the Roxx SUV being a major driver of this growth. The brand has also launched the Thar Roxx, which has a waiting period that stretches …

Mumbai real estate: Mahindra and Mahindra Ltd sells 20.5 acres land in Kandivali area for ₹210 crore
5 months, 1 week ago

Mumbai real estate: Mahindra and Mahindra Ltd sells 20.5 acres land in Kandivali area for ₹210 crore

Hindustan Times  

Automobile manufacturer Mahindra and Mahindra Limited has sold 20.5 acres land in Mumbai's Kandivali area for ₹210 crore, according to property registration documents by CRE Matrix. Automobile manufacturer Mahindra and Mahindra Limited has sold 20.5 acres land in Mumbai's Kandivali area for ₹ 210 crore. ) The land was sold to Blueprintify Properties Pvt Ltd, a part of Pune-based real …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
5 months, 4 weeks 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 …

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA
6 months ago

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA

Hindustan Times  

Indian passenger vehicle sales saw a 7% drop in June 2024 compared to June 2023 due to heatwaves resulting in 15% less showroom walk-ins, PTI wrote, citing data from the Federation of Automobile Dealers Associations. Sales of passenger vehicles dropped 7% in June 2024, compared to June 2023 How many vehicles were sold in June 2024 compared to June 2023? …

Mahindra may join hands with global players for battery production in India: MD Anish Shah
6 months, 3 weeks ago

Mahindra may join hands with global players for battery production in India: MD Anish Shah

Hindustan Times  

Mahindra Group is looking for partnerships with global players for local production of battery cells in order to cater to expected increase in demand for electric vehicles in the future, according to a top company executive. The logo of Mahindra & Mahindra is seen on a car at a showroom in Mumbai In an interaction with PTI, Mahindra Group MD …

Heavy monsoon hopes drive up stock prices: Check these top performers
7 months, 3 weeks ago

Heavy monsoon hopes drive up stock prices: Check these top performers

Hindustan Times  

Stocks reliant on rural revenues are rebounding on expectations of a bountiful monsoon season, potentially boosting agricultural output and rural spending. • The Nifty FMCG Index has seen a 1.5 per cent increase in May, outperforming the NSE Nifty 50 Index by over two percentage points, a significant reversal from previous months. • Hero MotoCorp Ltd. has observed a significant …

Mahindra & Mahindra share price jumps over 7% to record high after Q4 results
7 months, 3 weeks 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 …

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why
8 months, 1 week ago

Mahindra & Mahindra share price hits 52-week high to become top Nifty 50 gainer. Here's why

Hindustan Times  

Mahindra & Mahindra share price: The share price of Mahindra and Mahindra touched a 52-week high today after the carmaker unveiled its compact sports utility vehicle XUV 3XO. Mahindra & Mahindra share price: Mahindra's XUV 3XO bookings will open online and simultaneously at Mahindra dealerships from May 15. Mahindra & Mahindra XUV 3XO launched Mahindra unveiled the XUV 3XO which …

Carmakers post higher March sales, end fiscal 2024 at record levels
9 months, 1 week ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

February PV sales jump 11% to 3.73 lakh units
10 months, 1 week ago

February PV sales jump 11% to 3.73 lakh units

New Indian Express  

NEW DELHI: In another bumper month for domestic automobile industry, domestic passenger vehicle sales stood at more than 3.73 lakh units in February 2024, up 11.3% year-on-year. During the first 11 months of FY24, PV sales surged to 38.59 lakh units, a growth of 8.6% YoY. Maruti reported a 9% growth in February 2024 domestic PV sales at 1,60,271 units …

M&M shares jump over 5% to record high on supply deal with Volkswagen
10 months, 3 weeks 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 …

Mahindra has order backlog of 2.26 lakh SUVs
10 months, 3 weeks ago

Mahindra has order backlog of 2.26 lakh SUVs

New Indian Express  

NEW DELHI: Homegrown auto major Mahindra & Mahindra has a pending order book of 2.26 lakh sports utility vehicles as demand for its blockbuster products: Scorpio N, XUV 700 and Thar remains at an elevated level. M&M, while announcing its third quarter result, said that the order book for its SUV has now come down to 2.26 lakh open orders …

Mahindra Q3 profit after tax up 34%
10 months, 3 weeks 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 …

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
10 months, 3 weeks ago

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent

India TV News  

Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. …

Auto makers start 2024 on high note, report growth in January sales
11 months, 1 week ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

M&M accelerates ‘Born EV’ plans, to expedite launches
1 year 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 auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 2 months ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period …

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September
1 year, 3 months ago

Maruti vs Mahindra SUV sales: Scorpio-maker races ahead of Brezza-maker in September

India Today  

The SUV battle is getting interesting in India every month. In July, the SUV volumes of Maruti came in at 42,620 units against 36,205 units of Mahindra. In August, Maruti sold 41,658 units in comparison to 37,270 units by Mahindra. Mahindra, with 41,267 units, beat Maruti, which clocked 40,843 units, in September. Maruti vs Mahindra: SUV sales OEM September August …

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 5 months ago

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%

India Today  

Homegrown auto major Mahindra & Mahindra today reported a growth of 98% year-on-year in standalone net profit at Rs 2,774 crore for the quarter ended June 2023 owing to handsome volumes in both auto and farm sectors. Category Q1 FY24 Q1 FY23 Growth Revenue from operations Rs 24,368 cr Rs 19,813 cr 23% Ebitda Rs 3,547 cr Rs 2,422 cr …

Mahindra & Mahindra registers overall sales of 62,294 units in April
1 year, 8 months ago

Mahindra & Mahindra registers overall sales of 62,294 units in April

Live Mint  

Mahindra & Mahindra has announced that its total sales in April increased by 36 per cent to 62,294 units this year. In a statement, the company said that its passenger vehicle wholesales in the domestic market rose by 54 per cent to 34,698 units last month against 22,526 in April last year. The company said its exports last month declined …

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April
1 year, 8 months ago

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April

India Today  

Commencing FY24 on a rather robust note, Mahindra & Mahindra has posted a handsome growth of 56.50% year-on-year in its sport utility vehicle volumes at 34,694 units in April. While the CV volumes of the company jumped 16.26% y-o-y at 20,231 units, the wholesale despatches of three-wheelers climbed 84.51% y-o-y at 5,552 units. Category April FY24 April FY23 Growth SUVs …

Tata Motors retains dominance in SUV segment with popular models - Nexon, Punch, Harrier and Safari
1 year, 9 months ago

Tata Motors retains dominance in SUV segment with popular models - Nexon, Punch, Harrier and Safari

India TV News  

Tata Motors, country's major domestic automaker, has maintained its dominance in the rapidly expanding sports utility vehicle market due to the rising demand for its best-selling Punch and Nexon models from the previous fiscal year. The industry estimates state that Mahindra & Mahindra came in second with sales of 354,712 units, while Tata Motors had a 58% increase in SUV …

Scorpio, Bolero drive Mahindra's utility vehicle volumes in January
1 year, 10 months ago

Scorpio, Bolero drive Mahindra's utility vehicle volumes in January

India Today  

Mahindra & Mahindra recorded utility vehicle volumes of 32,915 units in January 2023, logging a growth of 65.83% over 19,848 units sold in the domestic market in January 2022. The company sold 8,574 units of the Mahindra Bolero in January at a growth of 144.55% over 3,506 units sold in the same month last year. In January, the company also …

Mahindra net profit jumps 14% to Rs 1,528 crore
1 year, 10 months 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
1 year, 10 months 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 …

Carmakers begin 2023 on a strong note, post handsome growth in domestic volumes in January
1 year, 11 months ago

Carmakers begin 2023 on a strong note, post handsome growth in domestic volumes in January

India Today  

After a stupendous performance in 2022, during which the passenger vehicle industry witnessed its highest-ever domestic volumes in a calendar year, the carmakers have begun 2023 on a strong note, posting handsome growth in domestic wholesale despatches in January on the back of robust customer demand and relatively better semiconductor supply leading to higher production. The domestic wholesales of Hyundai …

Why tractors are winning in rural India
2 years ago

Why tractors are winning in rural India

Live Mint  

What are the chances that someone reluctant to replace a 20-year-old television, a device which only responds to vigorous spanking, will spend a minor fortune to own a new asset? A profit centre Besides higher crop prices and robust government purchases at support prices, several other factors contributed to the post-pandemic growth in tractor sales, said Pushan Sharma, director at …

Anand Mahindra named his Scorpio-N ’Bheem’, thanks people for their suggestion
2 years, 2 months ago

Anand Mahindra named his Scorpio-N ’Bheem’, thanks people for their suggestion

Live Mint  

Mahindra & Mahindra Company Chairman Anand Mahindra has decided to name his new SUV All New Scorpio-N as 'Bheem' on the basis of a Twitter poll. Anand Mahindra also thanked the netizens who participatedin the Twitter poll and and wrote,"Thank you all for the flood of suggestions for the nickname of my new Scorpio-N. I’ve shortlisted two. Mahindra & Mahindra …

Scorpio, XUV700, Thar, others: Mahindra posts highest-ever monthly SUV volumes in September
2 years, 3 months ago

Scorpio, XUV700, Thar, others: Mahindra posts highest-ever monthly SUV volumes in September

India Today  

Mahindra & Mahindra on Monday announced that it recorded its highest-ever monthly wholesale despatches of SUVs at 34,262 units in September, a rise of 166 per cent in comparison to 12,863 units sold in the same month last year. The total passenger vehicle volumes of the company jumped 163 per cent to 34,508 units in September from 13,134 units in …

Navaratri 2022: Mahindra Scorpio-N deliveries start
2 years, 3 months ago

Navaratri 2022: Mahindra Scorpio-N deliveries start

India Today  

Mahindra & Mahindra marked the beginning of the festive season with the start of the deliveries of the Scorpio-N. According to the company, Scorpio-N garnered 1 lakh bookings within 30 minutes of their commencement translating into an ex-showroom value of nearly Rs 18,000 crore. The Mahindra Scorpio-N is available in five variants - Z2, Z4, Z6, Z8 and Z8L. By …

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