Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Mahindra & Mahindra mulling Brazil plant to bypass new tax barriers

Jun 18 2014, 11:08 IST
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Mahindra sells UVs, LCVs in around 40 markets across Europe, Latin America and Africa Mahindra sells UVs, LCVs in around 40 markets across Europe, Latin America and Africa
SummaryThe M&M scrip on the BSE closed 1.66% down at Rs 1,180.80 on Tuesday in a firm market.

in other markets. Egypt and Brazil are the only two markets where M&M’s local partners have a facility to assemble vehicles.

In FY14, M&M’s volumes fell 8% to 2.54 lakh units as diesel car demand dipped on the back of rising fuel prices and increase in the excise duty on SUVs. Exports in the fiscal, however, were up 23% to 7,599 units.

The M&M scrip on the BSE closed 1.66% down at Rs 1,180.80 on Tuesday in a firm market.

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