Mahindra & Mahindra

Mahindra & Mahindra News

Mahindra’s auto business to see Rs 2,725 crore additional investment in FY2024, no investment currently outlined for BS7

he revision towards the automotive segment will mainly go towards improving capacity to meet customer demand and meeting regulatory requirements.

Updated: May 26, 2023 23:39 IST

M&M, Mahindra & Mahindra, fourth quarter, Q4FY23 results, profit, revenue, dividend, automotive, launches, growth

M&M Q4FY23 profit up 17.8% at Rs 2,636.67 crore; auto biz led the way with 62% growth

M&M posted revenue from operations at Rs 32,365.60 crore, up 24.8 per cent in comparison to Rs 25,934.40 crore in…

May 26, 2023 14:20 IST

CV sales dip in April due to pre-buying in March

It has been a common trend for the first month of a new fiscal to see a slowdown in sales,…

Updated: May 2, 2023 20:07 IST

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Anand Mahindra turns 68: Here’s how the billionaire industrialist hit net worth $2.1 billion

Anand Mahindra ranked 91 in the annual richest list published by Forbes magazine in 2022. Anand Mahindra is the third…

May 1, 2023 13:36 IST

Mahindra Last Mile Mobility breaks ground for its EV manufacturing facility in Zaheerabad

The new EV manufacturing line is part of Mahindra’s investment plan of Rs 1,000 crore in Telangana.

Updated: April 24, 2023 18:48 IST

Mahindra sells 1 lakh Bolero SUVs in FY2023

The latest sales feat of the Bolero franchise has been driven by the success of the Bolero Neo, which was…

April 24, 2023 11:28 IST

Mitsubishi to build $222-mn AC factory at Mahindra’s Chennai industrial park

Mitsubishi Electric will set up a plant at a cost of $222 million over 52 acres to manufacture air-conditioners and…

April 18, 2023 01:15 IST

Corporate colossus and a gentle soul

fter graduating from Wharton University, a young Keshub Mahindra told his father JC that he would be leaving for Brazil…

April 13, 2023 05:45 IST

Keshub Mahindra: In Memoriam (1923-2023)

Auto industry doyen and Chairman Emeritus of M&M passed away on April 12, 2023. Tributes flow in from the auto…

Updated: April 12, 2023 16:45 IST

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Who was Keshub Mahindra, India’s oldest billionaire and Mahindra group veteran chairman, who passed away today

Born in 1923, Keshub Mahindra served as the chairman of Mahindra & Mahindra from 1963 to 2012. He then retired…

April 12, 2023 15:44 IST

Mahindra to launch Oja tractor brand for India and global markets, codenamed K2 program to spawn 40 tractors

The Mahindra OJA will spawn four tractor — subcompact, compact, small utility, and large utility — categories, covering 40 models…

April 6, 2023 17:53 IST

Mahindra Research Valley gets 210 global patents in last 18 months

MRV has to its credit 1979 patent applications, of which 149 are in the electric vehicle domain alone.

April 5, 2023 18:18 IST

Alternate fuel, connected tech add impetus to CV sales in FY2023

OEMs are pushing connected technologies in their vehicle offering to provide higher uptime, which leads to growth in business for…

April 4, 2023 10:20 IST

Rating: Buy; M&M aims 17.5% Ebit margin for farm equipment segment

Company to gain Rs 25 bn cash in 2024-25 from EV arms stake sale

April 3, 2023 01:30 IST

M&M Finance eyes 15%-20% disbursements growth in FY24

The gross stage-3 ratio or GNPAs will likely reduce to below 5% in the next few quarters, the MD said.

March 28, 2023 00:30 IST

Mahindra rolls out 50,000th e-Alfa from its Haridwar plant

The Mahindra e-Alfa comes with a full metal body construction paired with a lead acid battery pack.

March 24, 2023 12:25 IST

Uneven growth of auto and tractor segments likely in FY24

The high base of the current year will also make the FY24 growth numbers look muted. However, as next year…

Updated: March 24, 2023 07:19 IST

Mahindra-owned Last Mile Mobility Company gets Rs 6,020 crore investment from IFC

NewCo will house the last mile mobility division, including three-wheelers – Alfa, Treo, Zor and four-wheeler SCV -Jeeto.

Updated: March 22, 2023 17:12 IST

M&M acquires 100 per cent stake in agritech startup, M.I.T.R.A

M&M expands farm-biz focus, acquires 100 per cent stake in agri-tech startup, M.I.T.R.A

M.I.T.R.A plans to accelerate the expansion of its product portfolio alongside its network in India and overseas markets after the…

March 20, 2023 15:31 IST

M&M sells 6.05% stake in Mahindra CIE for Rs 821 crore

M&M sold 22.98 million equity shares of the paid-up share capital of Mahindra CIE Automotive, a profit-making company.

Updated: March 14, 2023 07:11 IST

M&M under pressure on production and delivery woes for tractors and SUVs

In the last 11 months, the company has sold 3.22 lakh passenger vehicles and 3.55 lakh tractors.

Updated: March 9, 2023 22:28 IST

Mahindra partners State Bank of India for tractor and farm machinery financing

State Bank of India says it has been a market-leader in agriculture financing in India with a portfolio of over…

March 9, 2023 17:35 IST

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