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Tag Archives: Mahindra Group

M&M revises vehicles prices post GST

Mahindra & Mahindra (M&M) has revised prices of its vehicles pursuant to the implementation of GST, with immediate effect. The prices of vehicles for end-customers on large UVs and SUVs have been reduced by an average of 6.9%, while those that come under small car segment have been reduced by ... Read More »

Mahindra Finance to raise Rs 2000 crore via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance), one of the leading non-banking finance companies with customers primarily in the rural and semi-urban markets of India, will be raising up to Rs 2,000 crore through NCDs. The public issue of the NCDs will open on July 10 and closes on July ... Read More »

M&M’s FES sells 24,575 units in India in May 2017

Mahindra Tractors, a farm equipment sector (FES) of Mahindra & Mahindra (M&M), has reported its tractor sales numbers for May 2017. Domestic sales in May 2017 were at 24,575 units, as against 22,148 units during May 2016. Total tractor sales (domestic + exports) during May 2017 were at 25,599 units, ... Read More »

M&M reports 3% rise in May sales

Mahindra & Mahindra (M&M) has reported its auto sales performance for May 2017 which stood at 41,895 vehicles compared to 40,656 vehicles during May 2016, representing a growth of 3%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,290 vehicles in May 2017 as against 19,635 vehicles ... Read More »

M&M to invest Rs 12,000 crore in next 3 years: Report

Mahindra & Mahindra (M&M) will reportedly invest an average of Rs 4,000 crore every year for the next three years towards capital expenditure and investments. About Rs 2,500 crore of the Rs 4,000 crore will be capital expenditure while the rest of Rs 1,500 crore will be spent on investments ... Read More »

M&M ramps-up new facility at Chakan: Report

Mahindra & Mahindra (M&M) has reportedly announced the ramp-up of a new facility at Chakan, Pune that will expand capacity of creating battery packs for its electric vehicles, as part of a strategy to scale up production of EVs in India and bring down cost. The production of electric vehicles ... Read More »

M&M to invest in high-end electric powertrain technology

Mahindra & Mahindra (M&M) is planning to invest directly and/or through its subsidiary in high-end electric powertrain technology as part of its plan for the future of mobility; and in electrification of some of its existing and future products. The investments will also be utilised towards increasing the capacity for ... Read More »

India Ratings affirms M&M’s long-term issuer rating at ‘AAA’

India Ratings and Research (Ind-Ra) has affirmed the Mahindra & Mahindra’s (M&M) long-term issuer rating at ‘AAA’. The outlook is stable. Ind-Ra continues to take a consolidated view of M&M after excluding its financial services subsidiary Mahindra & Mahindra Financial Services. M&M is the flagship company of the Mahindra Group, ... Read More »

M&M reports over 4% drop in April production

Mahindra & Mahindra (M&M) has reported 4.48% fall in its production to 41467 units in April 2017 as compared to 43410 units in same month last year. On the other hand, the company’s total sales for the month stood at 39,357 vehicles as compared to 41,863 vehicles during April 2016. ... Read More »

M&M stops selling electric cars in UK: Report

Mahindra & Mahindra (M&M) has reportedly stopped selling electric cars in the United Kingdom (UK) due to weak sales. The development comes in less than a year of launching the e2o electric car in the market. Earlier, it was forced to stop selling pick-up trucks and sport-utility vehicles in Brazil ... Read More »